RATE Group | Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service
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Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

09 Aug Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

Posted at 07:48h in Bitcoin News by

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Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. Its aim is to maintain the decentralization of the Bitcoin network.

Your Bitcoin mining equipment, Blockstream’s data-centers

The data centers, located in Quebec and Georgia, account for a combined 300 megawatts of energy capacity. At full capacity, populated with the latest mining rigs, this could account for around 7.5% of the entire network hashrate.

The facilities provide a turnkey solution for co-location of clients’ mining equipment, covering delivery to the data-center, installation and maintenance. Mining rigs are managed remotely by the customer, giving real-time analytics and control over each device’s operation.

The service is currently geared towards enterprise and institutional customers, and…

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