DMND (“Demand Pool”), the groundbreaking Stratum V2 Bitcoin mining pool, has announced it is now accepting applications for miners to join as launch partners, according to a press release shared with Bitcoin Magazine. Those selected will enjoy 0% fees for the first two months along with a unique two-year founding miner agreement.
Alongside the launch announcement, DMND confirmed the successful closure of its venture capital funding round in Q4 2024, spearheaded by Trammell Venture Partners (TVP).
“The Bitcoin mining sector faces a significant issue that I’ve identified during my 10-year career: the centralization of mining pools,” stated Alejandro de la Torre, DMND co-founder and CEO. “This underscores the necessity of making Stratum V2 a reality. SV2 will facilitate the decentralization of Bitcoin mining by empowering miners to create their own blocks. The introduction of the DMND pool—the first-ever Stratum V2 pool—is a pivotal moment in Bitcoin’s history.”
Stratum V2 marks a significant advancement in Bitcoin mining, providing improved decentralization, privacy, and security by allowing miners to create their own block templates. In contrast to conventional mining pools, which leave transaction selection to pool operators, Stratum V2 returns power to the miners.
DMND’s pool features end-to-end encryption to guard against hashrate hijacking, enhancing security for mining operations. Furthermore, its SLICE payment system introduces auditable transactions with no hidden fees, ensuring miners receive maximum payouts in a fair and transparent manner.
The mining industry has often faced challenges related to unclear fee structures and centralized block creation. By adopting Stratum V2 and the SLICE payment system, DMND aims to resolve these issues, providing fairer payouts and greater autonomy for miners while reinforcing the decentralization of Bitcoin.
“The mining pool industry has been characterized by questionable fee distributions and considerable centralization,” remarked Christopher Calicott, TVP’s managing director and founding partner. “By enabling mining operators to securely and privately design their own block templates while promoting transparency and fairness in payments to mining pool participants, DMND is set to usher in a new era for the mining industry. Mining operators of all sizes—from small home miners to publicly traded corporations—will contribute to enhancing Bitcoin’s decentralization.”
Mining operators keen to participate in the inaugural Stratum V2 block can submit their applications through DMND’s official website. The application window for launch participants will close on March 28, 2025, at midnight PST.
For further details about DMND and the Stratum V2 mining pool, please visit their website. You can also read more about the significance of Stratum V2 Bitcoin mining here.
