Galaxy Digital’s latest report on Stratum V2 explores strategies for adoption and the benefits of using the upgraded mining protocol.
Stratum, the bitcoin mining protocol, is getting an upgrade, and a new report from the mining team at Galaxy Digital offers a comprehensive review of why Stratum V2 matters.
Read the full report here.
Outside of the mining industry, most Bitcoin investors don’t realize that miners use intermediary protocols to interface with Bitcoin instead of interacting directly with the Bitcoin protocol. Even fewer investors understand the sequence of mining protocol upgrades those miners have adopted throughout Bitcoin’s history.
Galaxy’s Stratum V2 report helps educate the broader Bitcoin community on the improved security, efficiency, and profitability from Stratum V2 for miners. The Braiins team is excited and grateful for this thorough analysis from the Galaxy team, as they work alongside Braiins and other teams to build better technologies for Bitcoin mining.
For readers unfamiliar with the evolution of Bitcoin mining over the years, Galaxy’s report summarizes the history of both mining hardware and protocols from the earliest versions to the modern status quo. The report also explains in detail the various known weaknesses and defects of prior mining protocols (including the older version of Stratum) that create the need for an upgrade.
Focusing on Stratum V2, Galaxy’s report explains the need for and benefits from adopting an upgraded mining protocol, including timeliness, security, profitability and more. Here’s a short summary of those focus areas and why they matter. At the end of this post, readers will also find a collection of continued reading suggestions published by the Braiins team to explore in more detail the improvements and functionalities of the Stratum V2.
Galaxy’s report compares Stratum V1 and V2 using 11 different metrics.
Read the full report to see the full comparative analysis.
Stratum V2 represents historic improvements to security, profitability, and efficiency of pool Bitcoin mining. Development of a full open-source implementation is ongoing, but adoption has already begun with partial implementation we offer through our pool (Slush Pool) and our custom ASIC firmware (Braiins OS+).
Read more here.
Thanks to Galaxy for highlighting the importance of Stratum V2 in their report.
For additional information on the Stratum protocol’s functionality and Stratum V2’s improvements, here’s a collection of additional articles written by the Braiins team.
Last thought: Bitcoin’s protocol has had several key upgrades in the past few years, including soft forks for Segregated Witness (SegWit) and Taproot. Now miners get a protocol upgrade too with Stratum V2.
Bitcoin mining software company: Slush Pool, Braiins OS+ & Stratum V2.
By miners, for miners.
Increase hashrate on your Bitcoin ASICs, improve efficiency as much as 25%, and mine on any pool or get 0% pool fees on Slush Pool.
Reduce data transmission between your farm and pool by 95%. Configure parallel usage of multiple pools. Set a backup pool for the whole farm.
It focuses on making data transfers more efficient, reducing physical infrastructure requirements for mining operations, and increasing security
Industry leaders in transparency and innovation, with more than 1.25 million BTC mined since 2010.