News
The CEO of CryptoQuant believes that capitulation by an unknown miner caused the latest Bitcoin price dip.
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Mining Pools News
A mining pool is an association of miners that combine their computing resources to mine cryptocurrency blocks and split the reward equally, according to the contributed amount of work. Mining pools became necessary when the difficulty of proof-of-work cryptocurrency mining increased so much that it became impossible for the average miner to mine a full block. The growing difficulty led to the establishment of the first mining pools for Bitcoin. Today, Bitcoin mining pools are the most influential communities in the Bitcoin network and are the major organs that decide whether new forks should be implemented. There are also Ethereum mining pools, Litecoin mining pools and mining pools of other major cryptocurrencies that are too hard to mine alone. There are also mining multipools that switch from one cryptocurrency to another when it becomes more profitable to mine.
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Top crypto exchange Binance has launched its mining pool, however, the crypto community is concerned about the centralization of hashing power.
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Baite, formerly one of the top Chinese mining pools, has dropped out of the BTC mining race in favor of altcoins.
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Litecoin creator Charlie Lee recently posited the concept of LTC miner pool donations to help boost funding.
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According to a recent report by crypto research firm Diar, bitcoin’s mining hashrate is becoming more distributed among mining pools.
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Diar states crypto mining has seen record revenues in 2018, but the prices for electricity will soon make it profitable only for “bigger players.”
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BTCC has been acquired by Hong Kong-based fund, will focus on mining pool, wallet software and crypto exchange going forward.
21579 ViaBTC, the mining pool known for its strong support for Bitcoin Unlimited, polled its operators to decide whether to activate the Segwit scaling solution.
5221The development team behind the anonymous cryptocurrency Zcash revealed that Slush Pool, the world’s first Bitcoin mining pool, has added support for Zcash.
40363Bitmain, the bitcoin industry’s second largest mining pool and most popular mining equipment manufacturer, has partnered with investors in China to launch the world’s third most power consuming data center.
1911ViaBTC, one of the largest mining pools in the world, experienced a 50% drop in its hashpower after allocating all of its resources in mining Bitcoin Unlimited blocks.
1279Bitmain’s BTC.com launches its open-source platform to compete in the global Bitcoin mining pool distribution market.
9509After ViaBTC announced their interest in increasing the Bitcoin block size, it has risen from the fifth to the second largest mining pool in the market today.
654Minergate, one of the largest multi-currency mining pools, has recently added the Ethereum mining feature to its mining client.
4073Bitcoin saw a surge in price between March 2015-16 bringing back profitability to mining. Is this now a good time to get mining again?
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