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.
Analysis
Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window.
China mining shock may not be over yet, experts suggest
Shiraz Jagati
2021-09-01T14:07:00+01:00
7884
News
According to CEO Johnny Lyu, people using renewable energy sources for mining will receive discounts on fees.
KuCoin encourages greener crypto mining with proof-of-work pool
Turner Wright
2021-08-25T09:00:00+01:00
2766
News
The exploit reportedly unlocks up to 70% of the original graphic card mining power.
Mining software appears to have cracked Nvidia's Lite Hash Rate algorithm
Mariano Maisterrena
2021-08-17T20:00:00+01:00
18482
How to crypto
Operational costs are high, but Bitcoin miners are making money hand over fist. Here’s how to join them and profit.
No gear, no problem! 3 ways to earn Bitcoin through cloud mining and staking
Jordan Finneseth
2021-08-13T23:30:00+01:00
33701
News
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining.
Bit Mining raises $50M to take operations out of China
Brian Quarmby
2021-07-14T02:09:54+01:00
3262
News
Hive aims to take advantage of the East-to-West shift in Bitcoin mining power after regulators in China have renewed efforts to crack down on the industry.
Green energy-focused Bitcoin miner Hive joins North American mining pool
Erhan Kahraman
2021-07-12T10:07:09+01:00
4482
News
Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline.
Chinese Bitcoin miners ‘not even in the mood to drink anymore’
Osato Avan-Nomayo
2021-06-23T10:44:48+01:00
13854
Markets News
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low.
Bitcoin price clings to $32K as on-chain metrics hint at further downside
Jordan Finneseth
2021-06-22T17:42:19+01:00
9243

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