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.
Interview
“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Luxor refutes claims its Bitcoin hash rate-backed product is BlockFi, Celsius 2.0
Brayden Lindrea
2023-11-06T02:04:00+00:00
7400
News
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor.
El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor
Gareth Jenkinson
2023-10-04T14:00:00+01:00
7412
News
Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS, and Bitcoin miners shared their plans for boosting productivity via green energy.
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit
Ray Salmond
2023-09-23T08:46:28+01:00
10074
News
The Supreme Court of British Columbia has given Hut 8 final clearance to complete a proposed merger with USBTC.
Hut 8 receives green light from Canadian Supreme Court for USBTC merger
Gareth Jenkinson
2023-09-18T13:37:00+01:00
20019
News
Bitcoin explorer Mempool shared blockchain data that confirmed the funds were sent back on Sept. 15.
Miner returns over $500K in BTC transaction fee overpayment to Paxos
Ezra Reguerra
2023-09-15T11:23:41+01:00
7168
Use Case
Although Bitcoin mining is a complex and expensive business, specialized services are emerging to lower the entry barriers for beginners.
This Bitcoin mining project attracts users with new tokenomics and DeFi opportunities
Anatol Hooper
2023-09-13T18:00:00+01:00
40209
News
The company still mined five times more Bitcoin than in August 2022, producing 1,072 last month, and said unfavorable weather conditions caused the decrease fro...
Marathon’s Bitcoin mining rate fell 9% in August
David Attlee
2023-09-06T08:48:29+01:00
3658
News
Cambridge researchers have revised the widely cited index in response to evidence indicating periodic overestimation of Bitcoin mining’s electricity consumption...
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increases
Gareth Jenkinson
2023-08-31T09:00:00+01:00
11643

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