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Marathon Digital Mined 77% More Bitcoin With the Help of Software
Marathon Digital Holdings (MARA), a prominent Bitcoin mining company, experienced a remarkable surge in Bitcoin mining during the month of May. The company’s proprietary software played a vital role in this achievement, allowing Marathon to mine 1,245 Bitcoins, marking a 77% increase from the previous month. CEO Fred Thiel attributes this success to enhanced hash rates, a significant rise in transaction fees, and the operational computing power boost of 9%. In this article, we will delve into the factors that contributed to Marathon Digital’s impressive performance in May.
The Role of Marathon Digital’s Proprietary Software
Marathon Digital’s proprietary software emerged as a crucial element behind the company’s remarkable increase in Bitcoin mining. With this software, Marathon gained complete control over its mining machines, enabling it to optimize their output, uptime, and hash rate. By scaling up and down the hash rate, Marathon effectively responded to market demands and capitalized on profitable mining opportunities.
Marathon’s Operational Computing Power Enhancement
In May, Marathon Digital boosted its operational computing power by 9% to reach an impressive 15.2 exahash/second…
