Cryptocurrency miners have continuously sought out creative ways to navigate the technical complexities of Bitcoin mining in order to increase their efficiency and profitability, beginning with the launch of the first mining pools in 2010.
Launched in December of 2021, Titan’s new marketplace transforms the transferability of hashpower, offering miners a first-of-its-kind opportunity to buy, sell, and deliver hashpower. By decentralizing the control of hashpower, the new P2P platform enhances access, efficiency, and transparency for everyone from individual miners to companies across the globe.
Titan was co-founded by Ryan Condron, a software engineer and 15-year veteran of the crypto industry. Condron, who developed the new mining marketplace service entirely in-house, has been a familiar face and visionary in the crypto community since 2012. Before launching Titan, he pioneered the mining-pool space with the launch of 2013’s Poolwarz, and later with Coinwarz, the industry’s most recognized crypto mining calculator.
Titan recently completed a fundraising round of over $15 million with the sale of it’s Lumerin Token, which will be used to fund the continued growth of the hashpower marketplace. Over 43 million tokens were sold, with 50% of sales occurring in the first hour.
The advent of digital currencies came in 2009 as a response to the economic recession as a way to offer open-source, transparent, financial freedom. As the new Titan ecosystem prepares for a global launch in Q2 2022, Condron hopes his company’s contribution will help to deliver on the vision of creating a decentralized, peer-to-peer, electronic cash system Bitcoin’s founders first envisioned.
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