DMND is a new mining pool built around Stratum V2, which began accepting applicants for its soft private launch earlier this year and is now open to all miners to create an account. Miners can register here to begin onboarding.
DMND’s full disclosure follows a successful SOC 2 Type 2 audit, demonstrating compliance with security policies required of large-scale miners.
“With our SOC 2 Type 2 compliance and streamlined business verification practices, DMND Pool is built for carriers who value security, transparency, and professional-grade standards,” said Alejandro De La Torre, co-founder and CEO of DMND. “Combined with miner-controlled block construction, it allows miners to take back meaningful control over the network.”
Support for Stratum V2 takes an important step towards further decentralizing various functions in the mining industry: building block templates, and the process of selecting transactions to include in blocks to be mined.
Stratum V2 provides a mechanism to defend against Bitcoin’s censorship resistance, allowing individual miners to create their own block templates while mining using a support pool (and sourcing templates from the following sites): Any The third party provider operating Stratum V2 is their choice). Additionally, Stratum V2’s end-to-end encryption protects miners from hashrate hijacking attacks that can silently siphon off miners’ revenue.
The public availability of DMND provides miners with further advancement of Stratum V2 on the network and progress towards increasing the level of decentralization of the mining ecosystem.
This post marks the launch of a DMND pool with SOC 2 compliance and Stratum V2 support for all miners. Originally published in Bitcoin Magazine and written by Shinobi.