Mummolin Raises $6.2M to Build Decentralized Bitcoin Mining Pool
• Mummolin startup raises $6.2M seed funding to create decentralized, non-custodial Bitcoin mining pool called OCEAN • Led by Jack Dorsey; will pay miners block rewards directly without a centralized intermediary • Aims to reduce mining pool censorship risks and centralization • Bitcoin developer Luke Dashjr helping lead new pool's development • First customer is Barefoot Mining; plans additional decentralized upgrades for Bitcoin mining in 2024