Foundry Announces 'Foundry Donate' Initiative to Support Open Source Bitcoin Community
Foundry Digital has launched Foundry Donate, an innovative program allowing miners on Foundry USA Pool™ to directly support Bitcoin's open-source development through select nonprofits. The initiative features an automated on-chain system for miners to effortlessly donate a portion of their mined bitcoins to vetted organizations.
Key features include miners' choice of nonprofit, amount, and frequency of donations; vetted 501(c)(3) nonprofits; and full transparency with blockchain-verifiable transactions. Initially partnering with Brink and OpenSats, Foundry has committed 0.2 BTC to each, while Core Scientific (Nasdaq: CORZ) has already donated 1 BTC through the program.
Foundry Digital ha lanciato Foundry Donate, un programma innovativo che consente ai miner del Foundry USA Pool™ di supportare direttamente lo sviluppo open-source di Bitcoin attraverso organizzazioni no-profit selezionate. L'iniziativa presenta un sistema automatizzato on-chain che permette ai miner di donare facilmente una parte dei loro bitcoin estratti a organizzazioni verificate.
Le caratteristiche principali includono la possibilità per i miner di scegliere l'organizzazione no-profit, l'importo e la frequenza delle donazioni; no-profit verificate 501(c)(3); e piena trasparenza con transazioni verificabili tramite blockchain. Inizialmente in partnership con Brink e OpenSats, Foundry ha impegnato 0,2 BTC per ciascuna, mentre Core Scientific (Nasdaq: CORZ) ha già donato 1 BTC attraverso il programma.
Foundry Digital ha lanzado Foundry Donate, un programa innovador que permite a los mineros del Foundry USA Pool™ apoyar directamente el desarrollo de código abierto de Bitcoin a través de organizaciones sin fines de lucro seleccionadas. La iniciativa cuenta con un sistema automatizado on-chain que permite a los mineros donar fácilmente una parte de sus bitcoins minados a organizaciones verificadas.
Las características clave incluyen la elección de los mineros de la organización sin fines de lucro, la cantidad y la frecuencia de las donaciones; organizaciones sin fines de lucro verificadas 501(c)(3); y plena transparencia con transacciones verificables en la blockchain. Inicialmente, en asociación con Brink y OpenSats, Foundry ha comprometido 0,2 BTC a cada una, mientras que Core Scientific (Nasdaq: CORZ) ya ha donado 1 BTC a través del programa.
Foundry Digital은 Foundry Donate라는 혁신적인 프로그램을 시작하여 Foundry USA Pool™의 채굴자들이 선택된 비영리 단체를 통해 비트코인의 오픈 소스 개발을 직접 지원할 수 있도록 합니다. 이 이니셔티브는 채굴자들이 채굴된 비트코인의 일부를 신뢰할 수 있는 조직에 쉽게 기부할 수 있도록 하는 자동화된 온체인 시스템을 특징으로 합니다.
주요 특징으로는 채굴자가 선택한 비영리 단체, 기부 금액 및 기부 빈도, 검증된 501(c)(3) 비영리 단체, 블록체인 검증이 가능한 거래의 완전한 투명성이 포함됩니다. 브링크와 오픈샛스와의 초기 파트너십에서 Foundry는 각 단체에 0.2 BTC를 기부하기로 약속했으며, Core Scientific (Nasdaq: CORZ)는 이미 프로그램을 통해 1 BTC를 기부했습니다.
Foundry Digital a lancé Foundry Donate, un programme innovant permettant aux mineurs du Foundry USA Pool™ de soutenir directement le développement open-source de Bitcoin à travers des organisations à but non lucratif sélectionnées. L'initiative propose un système automatisé on-chain permettant aux mineurs de faire facilement un don d'une partie de leurs bitcoins minés à des organisations vérifiées.
Les caractéristiques clés incluent le choix de l'organisation à but non lucratif, le montant et la fréquence des dons par les mineurs ; des organisations à but non lucratif vérifiées 501(c)(3) ; et une transparence totale avec des transactions vérifiables sur la blockchain. En partenariat initial avec Brink et OpenSats, Foundry s'est engagé à donner 0,2 BTC à chacune, tandis que Core Scientific (Nasdaq: CORZ) a déjà fait un don de 1 BTC à travers le programme.
Foundry Digital hat Foundry Donate gestartet, ein innovatives Programm, das es Minern im Foundry USA Pool™ ermöglicht, die Open-Source-Entwicklung von Bitcoin direkt durch ausgewählte gemeinnützige Organisationen zu unterstützen. Die Initiative bietet ein automatisiertes On-Chain-System, mit dem Miner mühelos einen Teil ihrer geschürften Bitcoins an geprüfte Organisationen spenden können.
Zu den wichtigsten Merkmalen gehören die Wahl der gemeinnützigen Organisation, der Betrag und die Häufigkeit der Spenden durch die Miner; geprüfte 501(c)(3) gemeinnützige Organisationen; und vollständige Transparenz mit blockchain-verifizierbaren Transaktionen. Foundry hat sich zunächst mit Brink und OpenSats zusammengeschlossen und jeweils 0,2 BTC zugesagt, während Core Scientific (Nasdaq: CORZ) bereits 1 BTC über das Programm gespendet hat.
- Launch of Foundry Donate program to support Bitcoin's open-source development
- Partnership with reputable nonprofits Brink and OpenSats
- Initial commitment of 0.4 BTC from Foundry to kickstart the initiative
- 1 BTC donation from Core Scientific (CORZ) through Foundry Donate
- None.
The first-of-its-kind program allows miners on Foundry
Bitcoin miners have long sought ways to give back to the open-source community that ensures the resilience and continual advancement of Bitcoin. However, until now, there was no streamlined way for miners to find and connect with crucial contributors. Foundry recognized this gap and developed a solution that allows pool members to seamlessly designate recurring donations to vetted nonprofits supporting bitcoin developers.
"Our mission at Foundry is to empower decentralized infrastructure," said Mike Colyer, CEO of Foundry. "Creating a user-friendly feature that enables pool members to support the network's backbone aligns perfectly with this mission. We are committed to the success of Bitcoin and continually seek ways to strengthen its ecosystem."
Key Features of Foundry Donate:
- Miners Choice: Miners can choose not only the nonprofit they want to donate to but also the amount and frequency of their mined bitcoins for donation.
- Vetted Nonprofits: Donations go to trusted organizations approved by the IRS as 501(c)(3) entities and vetted by Foundry.
- Full Transparency:
100% of designated donations are directed to the chosen nonprofit and the transactions are verifiable on bitcoin's blockchain.
In its initial phase, Foundry has partnered with two nonprofits:
To kickstart the initiative, Foundry has committed 0.2 BTC from its own mining operations to each of these nonprofits, and Core Scientific (Nasdaq: CORZ), one of the largest publicly-traded mining companies in terms of bitcoin production, has already donated 1 BTC through Foundry Donate.
"As miners, we understand the importance of supporting the developers working tirelessly behind the scenes to secure and ensure the longevity of the bitcoin network," said Russell Cann, Chief Development Officer of Core Scientific. "Foundry and Core Scientific have worked closely together to develop this capability by leveraging Foundry
"It is great to see the bitcoin mining community wanting to support the foundational software development and maintenance work being done on Bitcoin." said Mike Schmidt, Co-founder and Executive Director of Brink. "Brink thanks Foundry for their contribution to our mission and for leading the way on this initiative with their Foundry Donate program so that others can as well."
Founded by DCG in late 2019, Foundry has emerged as a leader in digital asset infrastructure. Foundry's mining-focused business ventures — the FoundryX™ marketplace for mining machines, the Foundry
About Foundry
Foundry Digital LLC is a decentralized infrastructure company providing software and services to institutions in all corners of the crypto ecosystem. Headquartered in
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SOURCE Foundry Digital LLC
FAQ
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