Mining giant MarathonDH and non-profit bitcoinbrink join forces to raise $1 million for Bitcoin. FrederickMunawa reports from Bitcoin2023.
) says it will match up to $500,000 in donations to non-profit Bitcoin research and development firm Brink, on a two-for-one basis during the Bitcoin 2023 conference in Miami Beach, Florida, and subsequently match additional donations on a one-for-one basis after the conference up to Dec. 31.
The donations will go towards funding grants and programs that pay Bitcoin Core developers to write and maintain code for the world’s dominant blockchain – an open source decentralized project that is completely reliant on such voluntary donations.in the Bitcoin funding landscape from the current market downturn – crypto winter, in the industry lingo.
“We believe it's really important that these developers get paid,” said Marathon CEO Fred Thiel in an interview with CoinDesk. “They operate out of their own pockets and the only way they can get funding is through grants like what Brink does.”. Brink co-founder and executive director, Mike Schmidt joined Thiel on stage at the conference to announce the campaign.“As a miner, the most important thing is global adoption of Bitcoin,” Thiel said.
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