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Cryptocurrency News Articles

Streamr and JDI Announce Strategic Partnership with Terminal Multi-Miner for Home Mining

Dec 03, 2024 at 04:35 pm

Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN)

Streamr and JDI Announce Strategic Partnership with Terminal Multi-Miner for Home Mining

Web3 hardware manufacturer JDI has announced a partnership with Streamr, a decentralized real-time data network, to launch the Terminal Multi-Miner, a new mining device designed to make it easier for users to participate in decentralized physical infrastructure networks (DePIN).

The Terminal Multi-Miner will support multiple cryptocurrencies, including $DATA, $ANYONE, and other projects that will be added through future updates. Its modular “mining lego” framework will allow users to customize their setups for efficiency and flexibility.

The Terminal T2 model, which is scheduled to launch in Q1 2025, will enable seamless multi-token mining, featuring integration with projects such as the Streamr Network. With Terminal T2, users will be able to receive $DATA while contributing to the Streamr protocol, simplifying participation in the ecosystem.

The Terminal Multi-Miner is designed with everyday users in mind to make advanced crypto-mining technology more accessible. Its plug-and-play functionality is designed to lower technical barriers and allow more individuals to participate in DePIN and crypto mining.

“We have been fans of Streamr tech for some time, especially their severless capability—and we are excited to explore how we will leverage this against multiple data propagation use cases across the Terminal Multi-Miner Network,” said Yiming Wang, Founder of JDI. “Together, Terminal and Streamr will deliver a unique, user-centric mining experience for Web3.”

The $DATA token of the Streamr Network plays a key role in the Terminal Multi-Miner. As one of the mining options available, $DATA allows users to actively participate in the Streamr Network by becoming nodes that support its peer-to-peer data broadcasting infrastructure.

“Our collaboration with JDI and Terminal represents an important step forward for DePIN and decentralized data networks,” said Matthew Fontana, CEO of Streamr. “By providing a simple, accessible way to participate in Streamr and other Web3 protocols, we’re helping to make DePIN more decentralized and scalable, critical for ensuring its long-term success.”

JDI, with a strong track record in hardware manufacturing for decentralized networks, has supported communities like DIMO and Helium, deploying over 500,000 devices. Streamr, a ‘DePIN original’ founded in 2017, complements this expertise with its scalable P2P infrastructure and tools, which has been trusted by more than 20 DePIN projects, including Flux, Arkreen, and Minima.

The Terminal Multi-Miner is just the beginning of what Streamr and JDI aim to achieve together in making DePIN a mainstream reality.

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