World Digital Mining Summit About to Kick Off in Tbilisi
The three-day World Digital Mining Summit (WDMS) is about to begin in Tbilisi, Georgia. Over a thousand speakers and representatives from at least 50 of cryptocurrency’s most influential companies will gather to discuss future technologies and new directions, at a critical point in the industry’s history. Bitsonline will be reporting from the event.
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Tiny Georgia Has World’s Second-Largest Crypto Mining Industry
The event, co-hosted by BitKan and Bitmain, will take place at the Hualing Hotel in Georgia — the small country is now the world’s second-largest location for cryptocurrency mining, in operations both large and small.
Speakers include Bitmain CEO Jihan Wu, BitKan CEO Fang Yu, Genesis Mining CEO Marco Streng, Antpool project director Lingchao Xu, BTC.com project director Jason Zhuang, Bitcoin.com CEO Roger Ver, and Bitcoin ABC’s Amaury Sechet. There will be many more speakers from local Georgian companies, mining pools, hardware manufacturers, and other companies associated with the mining industry.
Summit Highlights Mining’s Important Role
WDMS comes at a time when mining and miners face some key decisions on where cryptocurrency goes from here. Rivals Bitcoin (BTC) and Bitcoin Cash (BCH) continue to rely on miners to judge the superiority of their paradigms (or value of their coins), while altcoins and other digital assets strive to gain a greater slice of the market share pie. Even BCH itself faces the prospect of a community (if not blockchain) split over what form bitcoin should take.
Miners are finding themselves in the spotlight and are under pressure to declare their loyalties — and decide what factors might sway those loyalties.
Will proof-of-work (POW) mining continue to dominate into the future, as developers and lobbyists search for more “energy efficient” digital asset generation methods? What role does the hardware supply chain play, and what tactics do participants deploy to try and stay ahead of the competition? What are the latest technological advancements that could change the game, or impact its larger players?
Hopefully, some of these questions will have clearer answers as the industry comes together in person to hear leaders and influencers speak.
What issues in cryptocurrency mining interest you the most? Let us know in the comments.
Images via NPR, Pixabay