Blockstream Mining: A Grassroots Vision for Redistributing Hashrate

Blockstream has been silently scaling over 300 MW of mining facilities in a bid to rebalance the distribution of global hashpower back in the hands of smaller players.

On August 8, 2019, the company broke its silence as it unveiled its most recent product, Blockstream Mining. The multi-facing initiative, which includes a mining hosting service and a mining pool that leverages the Better Hash protocol, is Blockstream’s attempt to re-democratize the mining economy. 

“We firmly believe that bitcoin holders and businesses involved in Bitcoin should take part in mining themselves, to help maintain the decentralized security of the Bitcoin network,” Blockstream Chief Strategy Officer Samson Mow wrote in the official announcement.

Reclaiming Hashrate 

Blockstream’s mining…

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