MyBit, an open source decentralised platform, has announced on Tuesday that it has partnered with cryptocurrency mining company Alpine Mining to help to tackle the issue of environmental sustainability regarding blockchain technology.
— MyBit (@MyBit_DApp) January 30, 2018
There’s a lot of excitement around the internet of things and blockchain right now. Globally, the market for IoT devices is projected to grow to $8.9T in 2020. Here at MyBit, we’re making buying, selling and monetising them as easy as using an app. And through our partnership with Alpine Mining, we’re bringing our tech to the mining community for the first time.
According to the announcement, MyBit and Alpine Mining will offer distributed ownership of mining operations for every budget with the ability to scale rapidly. By integrating in the MyBit platform users will be able to co-own existing mining operations, customise or crowdfund their own.
MyBit added that as well as their partnership with Alpine Mining, the company is seeking to team up with other companies in the industry to help non-blockchain businesses to bring their IoT devices to new audiences.