Qitmeer Network and Grey Clouds have entered into a strategic partnership

Qitmeer Network
2 min readJul 10, 2021

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We are pleased to announce that Qitmeer Network and Grey Clouds have entered into a strategic partnership. Both parties will cooperate closely around serving the ecosystem of Islamic Finance, ethical finance, and socially responsible investment, thereby enhancing financial inclusion and creating social impact, cutting-edge situation research, and ecosystem resource sharing.

About Grey Clouds Hashpower Technology.

Cognition creates wealth.

Grey Clouds Technology Co., Ltd. made a strategic investment worth $5M to establish “Grey Clouds Mining”, this huge investment will be used to fund the POW/PWC miner.

What is Grey Clouds

It is an innovative mining based platform that is built to be like the conventional mining machine that uses complex arithmetic. Designed thoroughly, Grey Clouds provides the following services:

•Complex arithmetic leasing

•Selling of mining machine

•Hosting of mining services

•Airdrop arithmetic

•Reorganization of assets

•Heavy duty functioning duration

With the above functions, it is expected to carry out urban to national level workload.

It is user-oriented and can be configured in such a way that users like it. To achieve the highest possible percentage revenue, Grey Clouds uses the principle of a fast sharing marketing policy. Grey Clouds' arithmetic platform is locally and internationally accessible. There are mining farms that are based in Chinese regions such as Sichuan and Xinjiang. Internationally there are based in Iran and other regions around the globe. Grey Clouds has its own dedicated scientific research laboratory, a team of expert maintenance personnel to make sure that the distribution of networks like MEER, IPFS, ETH, ICP, etc.

It Is working flawlessly. Ten years of dedicated service from building an innovative mining machine to customized professional financial services. Grey clouds will continue to build and excel in the mining industry. Committed to researching the most efficient mining chips and tools for our dear investors.

About Qitmeer

Qitmeer is the next-generation public chain based on BlockDAG which is dedicated to serving the ecosystem of Islamic Finance, ethical finance, and socially responsible investment, thereby enhancing financial inclusion and creating social impact.

In contrast to the competition model, BlockDAG’s collaboration model in the mining achieves a desirable balance of typical blockchain metrics among the security, openness, fairness, and scalability.

Qitmeer adopts a classic POW consensus and UTXO data model and designs a unique asset issuing mechanism which requires the reserve of native currency, which is in line with core ethical financial values.

Contact Us

Website / Qitmeer talk / GitHub / Twitter / Facebook / Telegram / Instagram / LinkedIn

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Qitmeer Network
Qitmeer Network

Written by Qitmeer Network

Qitmeer Network is the next generation payment network infrastructure based on BlockDAG technology.

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