Baltimore base OBM Inc. There are some major plans for the recently announced $ 3 million Closed Series A.
Cryptocurrency-focused companies plan to use funds that come entirely from Bitcoin-focused investments Infrastructure development entity NYDIG, Build a full-fledged development team. The team will help crypto miners build the software they use to better manage the power consumption of hundreds of devices that process transactions on the blockchain.
OBM has already used the money to hire developers to help build an existing crypto mining management platform. Foreman.. With this software, Bitcoin miners can remotely manage their farming PC instead of manually resetting their mining computer instead of driving for an hour (for reference, a drive from Baltimore to Westminster). .. This is the CEO of OBM. Daniel Lawrence And CTO Jacob Lures I did it before I set up the company.
“We used to be very focused on the miners on the shelves, and the computers sitting there were generating Bitcoin all day long,” Lawrence said. Technical.ly. “We quickly realized that we were operating these mines. [is] Lots more about what’s around the miner. “
Lawrence and Lures aim to meet the future of enterprise Bitcoin mining. The term refers to a mine with hundreds of PCs and an infrastructure that is closer to a data server than, for example, a few. Raspberry pie type device In the basement. Power consumption, energy efficiency, and data cooling system maintenance are all factors that large-scale Bitcoin miners need to consider. OBM has also created a SAS tool to monitor all of this.
The founder intends to hire eight more crypto-interested developers to extend what the platform can do. The company also has a rental agreement in Highland Town and expects all new hires to be locally based or willing to move to the area.
“We all want to feel that we are all one team and there is a lot of harmony between us all,” Lawrence said. “That’s why we’re serious about local recruitment first. We’ll look for a better foundation under ourselves, and perhaps in the future, farther away.
Donte Kirby is a 2020-2022 corps member of Report for America, an initiative of the Groundtruth Project that pairs young journalists with local newsrooms. This position is supported by the Robert W. Deutsch Foundation. -30-