Mining Grid, a revolutionary blockchain startup, proudly announces the official launch of its groundbreaking initiative, ‘Mining Race.’ This innovative program is poised to reshape the global mining community, offering unprecedented opportunities for miners worldwide.
As Bitcoin’s hash rate recently surpassed 550 EH/s, underscoring the network’s robustness, Mining Grid introduces ‘Mining Race’ as a pioneering force in the thriving mining industry. The current surge in Bitcoin’s value, coupled with the approaching BTC Halving in the coming year, presents an opportune moment for miners to secure profits. Mining Grid, headquartered in the UAE and guided by the visionary board, including H.H. Sheikh Saeed bin Hasher Al-Maktoum, Solaiman Al-Rifai, and Rami Alsridi, positions itself at the forefront of this dynamic industry.
Mining Race, launched during its soft phase, has already garnered an impressive community of over 1500 subscribers from 35 countries. With a goal to reach a diverse community of one million subscribers globally by 2025, Mining Race refers to its subscribers as ‘Racers,’ each allocated a ‘Spot’ on the network. The Mining Race application, available on iOS and Android, boasts a non-custodial wallet for enhanced security, allowing Racers to set up accounts, reserve their Spots, and seamlessly connect with their Bitcoin miners. The app provides real-time updates through a dashboard and features the Racers Club for monitoring standings in various Races.
Rami Alsridi, Founder and Managing Director of Mining Grid, stated, “We offer enhanced accessibility for individuals interested in Bitcoin mining. Mining Race enables subscribers to access mining services, purchase a Bitcoin miner with hosting services, monitor its performance, and receive rewards. Our platform caters to both experienced miners and those new to crypto.”
Mining Race introduces an innovative concept by incorporating racing into the mining ecosystem. Racers mine Bitcoin for rewards and contribute to the community, fostering collaboration. Rewards are distributed among connected Spots, emphasizing teamwork and growth. This approach aligns with traditional mining practices, ensuring fairness through smart contracts. Miners benefit from community activities like Races, incentive campaigns, and various bonuses, promoting collaboration and maximizing rewards.
Solaiman Al-Rifai, Founder and Board Member of Mining Grid, highlighted, “Mining Race addresses the evolving needs of the diverse Blockchain community. As the world embraces the future of technology, Mining Grid leads the charge with a commitment to innovation, sustainability, and a greener tomorrow.”
Maintaining a commitment to robust environmental, social, and governance (ESG) principles, Mining Grid initiates the ‘Race to Zero Carbon’ campaign. Acknowledging the environmental challenges posed by traditional Bitcoin mining relying on non-renewable energy, Racers contribute a portion of their earnings to support projects aligned with Mining Grid’s vision for a sustainable future and environmental protection.
Mining Grid’s future endeavors encompass network expansion, technological advancements, and global adoption. The company aims to attract more individuals and organizations to the Mining Race platform, fostering a resilient mining network. Continuous investments in cutting-edge technologies and software development will enhance user experiences and support projects within the broader crypto community. Additionally, Mining Grid actively strives to increase global adoption by providing easy access to Bitcoin mining services, creating a user-friendly platform that makes cryptocurrency mining accessible worldwide.