What is Storm Miner (Storm CTO)?

What is Storm Miner? According to Baidu Baike, Storm Miner (CloudMining) is a bi

What is Storm Miner (Storm CTO)?

What is Storm Miner? According to Baidu Baike, Storm Miner (CloudMining) is a bitcoin hashing power management platform developed by a professional mining equipment manufacturer. It primarily caters to virtual currency users such as Ethereum and Monero. Starting from the bullish market trend in 2017, Storm began engaging in cryptocurrency mining activities. On December 11, 2017, CoinGecko, the world’s largest cryptocurrency trading volume website, displayed that there are currently over 100 million addresses using this wallet for Bitcoin, Litecoin, or other virtual token investments. In late October 2019, Storm introduced a product called “Storm Rain” – designed based on the SM30SASIC chip by SMIC, using Samsung’s 7nm process and Corelink’s A3Z series chips, priced at 19 yuan/TB/month.

Storm CTO

According to reports, Wang Feng, co-founder and CTO of Storm, said in his speech at “Wealth Freedom 2021”: “Storm will take blockchain as a core technology for independent innovation, focusing on building a new generation of information infrastructure and creating a brand-new digital financial service model. As a leading internet company, we have already established cooperation with many well-known enterprises.”

It is reported that on December 26, 2019, Storm became the first CFO institution approved by the China Securities Regulatory Commission and led by Tencent.

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