Marathon Digital Holdings, a Bitcoin mining and digital asset technology company based in Las Vegas, Nevada, has recently introduced a new service called “Slipstream” that allows for direct Bitcoin transaction submissions. This innovative service aims to streamline and accelerate large or complex Bitcoin transactions.
Ordinarily, when Bitcoin transactions are too substantial to fit on the blockchain or too intricate to process normally, they experience delays while simpler transactions are prioritized. This can be frustrating for individuals or groups engaged in frequent and high-value trading.
Marathon Digital’s “Slipstream” service, as described in a press release obtained by Cointelegraph, has been meticulously designed and tested to overcome these limitations. Marathon Digital is recognized as one of the largest and most active Bitcoin miners globally. In December 2023, the company achieved a new record by mining 1,853 BTC, capping off a year in which it mined a total of 12,852 BTC, equivalent to over half a billion dollars.
The upcoming Bitcoin halving is a significant event that is expected to occur around the third week of April. The timing is based on the remaining number of blocks and the current average mining duration. While many analysts anticipate a subsequent increase in Bitcoin’s value, there is considerable uncertainty regarding its impact on miners.
Historically, Bitcoin has experienced periods of substantial growth after halvings. However, as the term “halving” suggests, the rewards for mining a block on the Bitcoin blockchain will be reduced by 50%, from 6.25 BTC to 3.125 BTC per block.
Past halvings have led to a period of recalibration in the industry, with some miners shifting their focus to other cryptocurrencies. Nevertheless, it is worth noting that Marathon Digital reportedly holds a substantial reserve of over 15,000 BTC, valued at over $1 billion. While some analysts predict that Riot Platforms, a close competitor in the United States, may have a better long-term position, Marathon has ironically established a significant lead in the early stages leading up to April.