BTCST Welcomes Top Bitcoin Mining Partners including BTC.TOP and Genesis Mining

HONG KONG, Jan 25, 2021 – (ACN Newswire) – Standard Hashrate Group (“SHG”), the project team behind the Binance hashrate token, Bitcoin Standard Hashrate Token (“BTCST”), has officially welcomed world-renowned institutions in the mining industry as partners. The disclosed list of partners include Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group.

Standard Hashrate Group (“SHG”) is an open platform where prominent miners standardize and tokenize their BTC hashrate. Today, SHG officially announced the participation of several global mining institutions as its partners. Joining the project as tokenization miners are major stakeholders in the mining industry, Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group.

CEO of SHG, Alex Zhao, said that the partners “share SHG’s vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial scale mining will be greatly complementary to SHG.” These industry-leading companies will be working with SHG to tokenize a total of 25 PH/s of Bitcoin hashrate into their Bitcoin Standard Hashrate Token (“BTCST”). Aside from this, the partner institutions will be pooling in their expertise and experience to provide assured continuity and skills needed to BTCST. “As the operator of some of the largest hydropower cryptocurrency mining facilities, we applaud the innovation of the BTCST project,” said Jiwei Zhu, Chairman of Hengjia Group.

With its successful debut on Binance Launchpool, BTCST has become the benchmark hashrate token with deep market liquidity and price premium. BTC.TOP CEO, Zhuoer Jiang, said that “mining is an asset intensive industry. BTCST has turned mining machines into high liquidity assets as Grayscale does to Bitcoin, injecting incremental value into the mining market.” The institutional partners echoed this positive sentiment towards this new development in mining products. “BTCST is really exciting,” said Rene Hennen, COO of Genesis Mining, “It is one of the rare inventions which expands the Bitcoin ecosystem with the potential to add a lot of value.” One facet of the BTCST that raises interest is the element of DeFi in mining, which has yet to be seen in bitcoin mining. “We believe a project like BTCST should focus on decentralization of hashrate sourcing,” said Cathy Yu, CMO of Easy2Mine. This point of view is shared by CEO of Atlas Mining, Tony Ma, who said that “BTCST has connected Bitcoin mining to the DeFi world,” and that “with BTCST, we can earn real BTC via crypto-native staking.”

Coinbase 2

According to the SHG whitepaper, the team aims to roll out BTCST token issuance in batches, as well as acquire and construct mining facilities within 2021.

For more information on BTCST and Standard Hashrate Group, please visit the official website.

About Standard Hashrate Group

The program team of Standard Hashrate Group consists of mining veterans who have accumulated years of experience constructing and managing mining sites in the greater China region, including some of the largest cloud mining providers in the world, as well as institutional miners. Standard Hashrate Group introduced the Bitcoin Standard Hashrate Token (“BTCST”) to bring exchange grade liquidity, and increase participation in Bitcoin mining. By collateralizing real Bitcoin mining power, Standard Hashrate Group paves a new path in mining Bitcoin the DeFi way. Official Website: https://www.1-b.tc

Media Contact
[email protected]

BTCST Welcomes Top Bitcoin Mining Partners including BTC.TOP and Genesis Mining 1
blank
About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.
blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 32,548.00
ethereum
Ethereum (ETH) $ 2,074.16
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 290.32
cardano
Cardano (ADA) $ 1.18
xrp
XRP (XRP) $ 0.598070
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.192609
polkadot
Polkadot (DOT) $ 12.94
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 32,548.00
ethereumEthereum (ETH)
$ 2,074.16
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 445.80
litecoinLitecoin (LTC)
$ 120.53
bitcoinBitcoin (BTC)
27.651,97
ethereumEthereum (ETH)
1.762,15
tetherTether (USDT)
0,849575
bitcoin-cashBitcoin Cash (BCH)
378,74
litecoinLitecoin (LTC)
102,40
bitcoinBitcoin (BTC)
23,914.48
ethereumEthereum (ETH)
1,523.98
tetherTether (USDT)
0.734745
bitcoin-cashBitcoin Cash (BCH)
327.55
litecoinLitecoin (LTC)
88.56

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d

bitcoin
Bitcoin (BTC) $ 32,261.00
ethereum
Ethereum (ETH) $ 2,022.69
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 284.55
cardano
Cardano (ADA) $ 1.16
xrp
XRP (XRP) $ 0.584245
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.187832
polkadot
Polkadot (DOT) $ 12.59
binance-usd
Binance USD (BUSD) $ 1.00