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.
News
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made.
UK Bitcoin mining revenues soar, but China hogs 75% of ‘blood coin’ production
Greg Thomson
2021-04-07T09:23:45+01:00
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News
The company mined 196 BTC in the first quarter, bringing its total holdings to 5,143.2 BTC.
Marathon Digital stock soars after company ramps up BTC mining in Q1
Sam Bourgi
2021-04-05T21:15:00+01:00
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News
Hydroelectric energy will power a new Bitcoin mining pool following Argo's partnership with DMG Blockchain.
Argo Blockchain to launch clean energy Bitcoin mining pool
Greg Thomson
2021-03-26T08:59:37+00:00
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News
The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.
SBI Crypto's Bitcoin mining pool goes public
Marie Huillet
2021-03-19T09:50:12+00:00
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Sponsored
What are the benefits of standardizing hash rates, and how will the mining industry evolve over the next 12 months? We speak to BitFuFu’s independent director, ...
Q&A: What are the benefits of standardizing crypto mining?
Connor Sephton
2021-03-18T14:41:00+00:00
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News
In protest of the upcoming implementation of EIP-1559, some Ethereum miners are organizing to redirect hash power to a 1559-opposed pool for 51 hours.
Ethereum miners plot hash-power ‘show of force’ against EIP-1559
Samuel Haig
2021-03-11T04:15:20+00:00
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News
After corporate infighting temporarily halted chip shipments in 2020, Bitmain's Antminer team says business will resume as normal following former CEO Jihan Wu'...
Bitmain's Antminer says Bitcoin rig sales won’t be affected by CEO departure
Greg Thomson
2021-01-27T14:27:52+00:00
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Market Analysis
Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead.
Here’s 5 key Bitcoin factors to watch as new investors buy BTC in 2021
Paul Hackett
2020-12-14T00:07:54+00:00
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