December 06, 2023, United Arab Emirates

Mining Grid, the blockchain technology-based startup, is thrilled to announce the official launch of its groundbreaking initiative, 'Mining Race.' This innovative program is set to make waves in the mining community on a global scale.

Recently, Bitcoin's hash rate, the computing power needed for transaction verification and cryptocurrency generation through mining, reached unprecedented levels of over 550 EH/s. This remarkable growth in hash rate highlights the increasing strength and activity within the Bitcoin network.

Miners want to lock in more profits early next year before the BTC Halving. Coupled with the fact that the value of Bitcoin has risen over 149% since the beginning of the year, it presents a great opportunity for miners. As the demand for BTC mining continues to skyrocket, the Mining Grid positions itself as a pioneer in this thriving industry.

Headquartered in the UAE, Mining Grid is led by a visionary board of H.H. Sheikh Saeed bin Hasher Al-Maktoum, Solaiman Al-Rifai, and Rami Alsridi. Their expertise and passion for innovation drive the company toward new heights in the crypto world.

Mining Race is experiencing rapid growth, with an impressive community of over 1500 subscribers from 35 countries during its soft launch. However, it aims to reach a diverse community of 1 million subscribers worldwide by 2025. In Mining Race, subscribers are referred to as 'Racers' and are allocated a position on the network called a 'Spot.' The Mining Race application is available for iOS and Android platforms, providing a seamless experience for Racers. It includes a non-custodial wallet, ensuring the highest level of security. The app offers convenient access for Racers to set up an account, reserve their Spot, and effortlessly connect with their Bitcoin miners, apart from monitoring and withdrawing their earnings. Mining Race also provides a dashboard, which presents real-time updates for Racers. Additionally, it has a Racers Club where Racers can keep track of their standings in various Races.  

Rami Alsridi, the Founder and Managing Director of Mining Grid, said, “We provide enhanced accessibility for individuals keen on Bitcoin mining. Mining Race allows subscribers to access mining services such as buying a Bitcoin miner with hosting services, monitoring its performance, and receiving mining rewards. Our platform is designed to cater to both experienced miners and those who are new to crypto."

Mining Race revolutionizes Bitcoin mining by integrating racing into the community ecosystem. The Racers mine Bitcoin for rewards and contribute to the community. Rewards are distributed among connected Spots, promoting teamwork and growth. Mining Race complements traditional mining, ensuring fairness with smart contracts. Racers enjoy community activities like Races, incentive campaigns, and other bonuses. Compared to solo mining, Mining Race encourages collaboration and maximizes rewards. Mining Race leads the global Bitcoin mining expansion by empowering its community.

Solaiman Al-Rifai, Founder and Board Member of Mining Grid, added, "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."

Mining Grid remains committed to robust environmental, social, and governance (ESG) principles throughout this journey. Mining Grid has initiated the 'Race to Zero Carbon' campaign in line with its commitment. Traditional Bitcoin mining relies heavily on non-renewable energy sources, which poses significant environmental challenges. By contributing a portion of their earnings towards this initiative, all Racers demonstrate their dedication to supporting projects aligned with Mining Grid's vision for a sustainable future and environmental protection.

Future Plans for Mining Grid

Mining Grid's plans include network expansion, technological advancements, and global adoption. They aim to attract more individuals and organizations to the Mining Race platform, creating a robust mining network. Continuous investment in cutting-edge technologies and software development will enhance the user experience and support projects within the broader crypto community. Additionally, Mining Grid is actively working to increase global adoption by providing easy access to Bitcoin mining services and creating a user-friendly platform, making cryptocurrency mining accessible worldwide.

About Mining Grid

Mining Grid is a leading sustainable Blockchain solutions provider committed to revolutionizing the global mining industry. With a focus on eco-friendly transparent practices and cutting-edge technology, Mining Grid empowers users worldwide to participate in the future of Blockchain with confidence and responsibility.

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