Eminer joins Achain Galaxy，brings Disruptive Cryptocurrency Mining Technologies to Achain

The Achain Galaxy has added a new member, and this project is not ordinary.

Achain (ACT) and Eminer (EM) have jointly announced that Eminer (EM) has joined Achain Galaxy, making it the second major project after Aurora Chain (AOA) in the Achain ecosystem. Eminer will offer Achain and Achain Galaxy members development capital, technology resources, and mining expertise.

Achain Enters as a Major Player in the Cryptocurrency Mining Market

Eminer is a hot project reputed for its enterprise and market-facing operations. Its platform token EM is traded on Huobi, OKEx, and BiKi, among other exchanges. EM has performed exceptionally well over the last week, gaining 50% in price.

In its early stages, Eminer received tens of millions in yuan-level investment from established investment institutions like JRR Crypto, Standard Capital, Bitrise Capital, Hash Capital, and ACapital. As a blockchain service platform, Eminer’s mission is to redefine cryptocurrency mining by assigning value to computing power and equipment. The project also specializes in computing power, financial, investment, and information services, making it an end-to-end Defi platform. Among Eminer’s core offerings is a “light mining” infrastructure that addresses a major pain point in the mining industry. By lowering the industry threshold, Eminer allows greater numbers of investors to participate in cryptocurrency mining, thereby stimulating both market activity and increasing levels of participation in the blockchain industry.

As was widely reported in the media, Achain Capital (ACapital) invested in Eminer in Q4 of 2019. A member of the Achain Galaxy troika, ACapital’s core mission is to sustain innovation and expand the Achain ecosystem. Achain founder Tony Cui has described Eminer as “perfecting” the Achain Galaxy ecology, and he further suggested that Achain will continue to invest in and develop mining infrastructures.

It can be seen that the addition of Eminer to the Achain Galaxy is of strategic significance to both sides.

Achain’s ambition: From national to global

Over the past year, Achain has made major strides in platform development and laid the groundwork for the project to emerge as a major player in the global blockchain industry. The recently launched v2.0 of the main network offers strong and secure contract performance, scalability, and improved governance. Block speeds on the network have increased by 60%, which suggests that the system is ready to handle even the most demanding applications. Shortly after the launch of v2.0, Aurora Chain (AOA) joined as the first member of the Achain Galaxy, bringing tens of millions of dollars in investments and breakthrough technologies centered on multi-chain parallel and cross-chain complex communications protocols.

The addition of Eminer now makes Achain a leader in the global cryptocurrency mining market. By the end of 2020, Eminer will own 12 mining farms with a total computing power reserve of more than 1500P. Their mines will be distributed globally, in China, Central Asia, and East Africa. Eminer additionally cooperates with major mining pools (Poolin, F2pool, BTC. com, Antpool, Huobipool, etc.) to expand its computing power footprint.

Eminer will look to accelerate the global expansion that the Achain project has enjoyed after partnering with Aurora Chain. After joining the Achain Galaxy, Aurora Chain facilitated entry into Korean markets through exchange listings and community development.

Further signs of Achain’s increasing global presence emerged in January, when founder Tony Cui was invited by UN agencies to attend the 74th UN General Assembly Blockchain Sustainable Development Forum and participate in key discussions.

Across a rapidly changing blockchain landscape, investors have reason to anticipate that the addition of Eminer to the Achain Galaxy will bring exciting developments over the year ahead.

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.