OCEAN, Bitcoin miner backed by Jack Dorsey, opens center in El Salvador – DiarioBitcoin
By Hannah Perez
The decentralized Bitcoin mining pool announced the opening of a new global office in the capital of El Salvador. OCEAN praised the country’s progressive stance towards Bitcoin.
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- Bitcoin miner OCEAN, backed by Jack Dorsey, lands in El Salvador
- An international center will open in the capital of the Central American country
- OCEAN praised the country’s progressive stance on cryptocurrencies
OCEANa mining pool Bitcoin which has the backing of Jack Dorsey, is landing in Central America.
The mining group is establishing a new center in El Salvador, the team reported in a press release this Thursday. Based in the country’s capital, the new entity will be the international headquarters for the company’s business development and will allow “continue advancing the decentralization of Bitcoin mining around the world“.
“El Salvador is at the forefront of Bitcoin adoption and Bitcoin mining“said Luke Dashjr, co-founder and CTO of OCEANabout the company’s strategic decision to move to the country.
Dashjr believes the move can be beneficial for both parties, helping the group advance its efforts to decentralize mining. Bitcoinwhile creating “new opportunities for El Salvador and other places“.
“El Salvador’s political stance was a stark contrast and a ray of hope for the industry“added President Mark Artymko in the same line of ideas, highlighting that while other jurisdictions impose prohibitions and limitations on the mining of Bitcointhe Central American country takes a progressive approach to promoting cryptocurrency.
mining Bitcoin OCEAN arrives in El Salvador
In 2021, El Salvador became the first nation in the world to recognize Bitcoin as legal tender. Since then, the country’s strategy has gone even further to support the broader ecosystem, establishing national mining facilities, opening the door to investors and entrepreneurs in the sector, and promoting the use of cryptocurrencies.
In this regard, Stacy Herbert, director of the Bitcoin Office of El Salvador, welcomed the decision of OCEAN and noted that it reinforces the culture focused on Bitcoin that the country seeks to encourage.
Backed by Dorsey, co-founder of Twitter and enthusiast Bitcoin, OCEAN is a company owned by Mummolinbased in Wyoming, USA, which aims to help miners regain autonomy and decision-making power over more complex processes in mining operations, according to a previous statement.
The plans of OCEAN in El Salvador include promoting decentralization through technologies such as Stratum V2with the aim of transferring the power of a few large mining groups to a broader base of miners, ensuring maximum reach and adoption from its new center, details this Thursday’s note.
OCEAN He further noted that he hopes to provide resources to continue the education and development of Bitcoin communities in El Salvador, including places like El Zonte, commonly known as “Bitcoin Beach“, which have prospered thanks to their circular economy and their social programs based on the flagship cryptocurrency.
Other companies in the cryptocurrency industry have announced similar plans to move to El Salvador in the face of the crypto-friendly stance. The cryptocurrency exchange Bitfinex announced plans in April to build and develop a new ‘Hampton by Hilton’ hotel complex in El Salvador financed in part by tokenized debt.
Article by Hannah Estefanía Pérez / DailyBitcoin
Picture of Unsplash
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