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.
An individual miner defied the odds and managed to collect 168 ETH from a solo mining pool this week worth 42 times the average block reward.
Individual ETH miner hits jackpot with $540K block reward
Each of the lucky miners will take home over $266,000 and bragging rights to overcoming “one in several billion odds.”
‘1 in a billion’: Second tiny miner solves a block
Following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, Kosovo's Minister of Economy has decided to ban crypto mining.
Kosovar government halts crypto mining amid power crisis
Bent Finance proactively advised investors to withdraw funds and plans to reimburse losses “one way or another.”
Bent Finance confirms pool exploit, advises investors to withdraw funds
Bancor 3 will feature instant impermanent loss (IL) protection, an unlimited deposit staking pool and an Omnipool offering a share of fees generated from the en...
Bancor introduces new staking pools and instant impermanent loss protection
New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool.
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
Ether miners are reluctant to sell their assets and appear to expect further price increases.
Amount of ETH held by miners reaches highest level since 2016