DMND, better known as “Demand Pool,” has taken a major step forward by opening its doors for miners to become launch partners in its cutting-edge Stratum V2 Bitcoin mining pool. This exciting announcement, shared in a press release with Bitcoin Magazine, comes with enticing benefits: no fees for the first two months and an exclusive two-year founding miner agreement for those accepted.
The news doesn’t stop there. DMND also celebrated a big win by closing its venture capital funding round in the last quarter of 2024, spearheaded by Trammell Venture Partners (TVP).
Reflecting on a decade-long journey in the Bitcoin sector, Alejandro de la Torre, DMND’s co-founder and CEO, highlighted a persistent challenge: centralization within mining pools. “This is a crucial issue,” de la Torre explained, “which is why bringing Stratum V2 to life is so vital. SV2 empowers miners to have a say and create their own blocks. By launching the DMND pool, the first of its kind using Stratum V2, we’re driving a significant change in the Bitcoin landscape.”
Stratum V2 is revolutionary, marking a substantial leap in Bitcoin mining. It emphasizes greater decentralization, improved privacy, and better security by giving miners the ability to design their block templates. Traditionally, pool operators have controlled transaction selection, but Stratum V2 puts that power back in the hands of the miners.
With this new pool, DMND has integrated end-to-end encryption to guard against hashrate hijackers, boosting security for mining activities. The SLICE payment system further enhances this by offering fully transparent transactions without hidden fees, ensuring miners receive fair payouts.
Historically, the mining industry has been marred by unclear fee structures and centralized operations. By incorporating Stratum V2 and SLICE, DMND is setting out to solve these problems, promoting equitable payouts and giving miners more control. This move supports Bitcoin’s foundational principle of decentralization.
Christopher Calicott, TVP’s managing director and founding partner, shares this vision: “The mining pool sector has largely normalized non-transparent fee distributions and centralization. DMND is poised to change this narrative by enabling miners to privately and securely draft their block templates while ensuring transparent and equitable payments. This initiative is a game-changer, offering opportunities to all—whether you’re mining from home or as part of a large public entity—to bolster Bitcoin’s decentralization.”
For mining operators eager to make history with the first Stratum V2 block, applications are open on DMND’s website until March 28, 2025, midnight PST.
To dive deeper into what DMND offers and the groundbreaking Stratum V2 mining pool, visit their site for more information. Explore why the Stratum V2 advancement is so crucial for the future of Bitcoin mining.
