Join Our Mailing List
Thursday November 30, 2023
Bitcoin (BTC) $37,859.14   Ethereum (ETH) $2,036.12
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Mining

Asic Jungle prepares to launch crypto mining hardware marketplace

Published by CryptoNinjas.net
10/13/2020
Asic Jungle prepares to launch crypto mining hardware marketplace

Today, Asic Jungle unveils the development of a first-of-its-kind open marketplace for cryptocurrency mining hardware with the launch of its platform’s demo and beta versions. With North America experiencing continued growth in crypto mining operations and no standardized solution available for miners to liquidate their hardware, Asic Jungle identified the need to professionalize the previously opaque market for buying and selling second-hand Application-Specific Integrated Circuit computers (ASIC miners), the most widespread and efficient mining equipment on the market. Asic Jungle has built a two-sided marketplace that allows ASIC sellers and buyers to connect directly in a secure and transparent setting. Starting today, miners in the United States and Canada can sign up for access to Asic Jungle’s beta.

Through its online platform, Asic Jungle provides a secure and standardized solution for cryptocurrency miners that currently only exists behind closed doors, where unknown ASIC brokers withhold pertinent information and sell units at high premiums. Asic Jungle brings free-market mechanisms that allow for efficient price discovery. The platform also implements strong security and verification measures to ensure the legitimacy of all transactions. The company’s objective is to increase consumer confidence and price transparency, while making the exchange of ASICs more efficient and trustworthy than current one-sided alternatives.

“Currently, between 10-15% of the total bitcoin network hashrate is located in North America, which is equivalent to hundreds of thousands of ASICs exchanging hands every 12 -18 months, yet no safe alternative to buying and selling in unreliable channels, like Telegram groups, exists. Miners are putting their money at risk, not knowing if they will receive anything at all. The current resale industry relies on trust, and we all know that trust is a very sensitive asset. With Asic Jungle, we create a trust-minimizing solution that will eliminate the typical risks associated with transacting and offer an all-in-one solution.” said Asic Jungle CEO, Artem Bespaloff.

Asic Jungle’s founding team brings together a wealth of knowledge in managing the resale of mining equipment and secure platform development. Artem Bespaloff, Asic Jungle’s CEO, previously served as an ASIC broker, which ultimately inspired him to create the first above-board secondary marketplace. Dragomir Dobrev, Asic Jungle’s CTO, founded and operated a local bitcoin ATM in Montreal and has years of experience in architecturing back-end and front-end solutions for a variety of business-oriented applications. Charles Wissa, Asic Jungle’s CFO, has a background in traditional finance and previously worked as an analyst for some of Canada’s largest firms.

With operations in the United States and Canada, Asic Jungle is getting ready to provide best-in-class solutions for both sides of the mining industry. Starting today, ASIC sellers in the United States and Canada can sign up for Asic Jungle’s beta to prepare for its full product launch in the coming weeks. T

50
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin
Via: Asic Jungle

Related News

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries...

Read more

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and...

Read more

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets - a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various...

Read more

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

11/28/2023
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Kyber Network adds $20M insurance protection from Unslashed Finance

Kyber Network adds $20M insurance protection from Unslashed Finance

04/24/2021
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy