Marathon Digital Holdings, a Nevada-based Bitcoin mining and digital asset technology company, has recently introduced “Slipstream,” a direct Bitcoin transaction submittal service.
The new service was designed and implemented to accelerate and simplify large and non-standard Bitcoin transactions.
Bitcoin transactions that exceed the blockchain’s capacity or are excessively complicated to execute are generally subject to a processing delay, in contrast to more straightforward transactions. This may cause frustration for individuals or organizations that engage in frequent and substantial trade.
Marathon Digital’s “Slipstream” service, as stated in a press release has undergone rigorous testing and development to surmount the following constraints:
“While direct transaction submission services exist, most are rudimentary. Slipstream provides sophisticated users with a simple, transparent, and trusted means of adding complex Bitcoin transactions to the blockchain, provided they adhere to Bitcoin’s protocol. Marathon is uniquely capable of offering these services because of our scale, our mining pool, and our team’s technological expertise.”
Marathon Digital is among the world’s most prominent and sizable Bitcoin miners. It established a company record in December 2023, mining 1,853 BTC. The corporation achieved a cumulative monthly mining output of 12,852 BTC, which surpassed $500,000,000 in value.
Bitcoin Halving
A whirring clock indicates that the next Bitcoin halving is imminent, with an estimated date of the third week of April. The present average time required to mine the remaining blocks and this forecast are the two factors that inform this forecast.
While most analysts anticipate a subsequent price increase for the Bitcoin asset, the impact of the halving on miners is extremely uncertain.
Historically, Bitcoin has undergone phases of significant ascent following its halving. As the phrase “halving” suggests, the rewards for mining a block on the Bitcoin blockchain will decrease by fifty percent, from six and a half billion dollars to three and a half hundred and twelve cents per block.
Mining Activities Post Halving
In the past, the volatile period preceding previous halvings caused the field to rebalance as some miners shifted their focus to alternative cryptocurrencies. Despite this, it is noteworthy that Marathon Digital reportedly maintains a war chest comprising more than 15,000 BTC, valued at more than $1 billion.
Although certain analysts hypothesize that nearby competitor Riot Platforms might be in a stronger position to prevail in the long run, Marathon has paradoxically established a decisive lead in the sprint preceding April.
