Tag: mining pools

Nov 26 2022

What You Need To Know About 51% Attack In Crypto

A 51% attack on a blockchain-based network is a specific sort of attack that enables a malicious actor or organization to control more than 50% of the network's total hashing power, possibly leading to network instability. In this post, we will further discuss what a 51% attack in crypto is, its consequences, blockchains affected by […] The post...

Oct 11 2022

Stratum v2: After 10 Years, The Most Used Bitcoin Mining Software Gets Facelift

Mark the Stratum v2 release as a victory for the open-source bitcoin community. For a decade, it has been the software of choice for miners to interact with pools and with the bitcoin protocol per se. While still necessary, bitcoin mining pools have a centralizing effect. With Stratum v2, miners will get to construct their own blocks. And that’s just one of the...

Aug 03 2022

Foundry Digital Donates 1 BTC To Developer Working On Bitcoin Mining Pools

The developer will work on a sub-protocol of Stratum V2, a communications protocol meant to improve miner collaboration, increasing the global hash rate.Foundry Digital has donated 1 BTC to a pseudonymous open-source developer – 4ss0.The developer is working on Stratum V2, a communication protocol for miners and mining pools.Specifically, the developer will improve the decentralization...

May 05 2022

[Updated] Bitcoin Mining Pools Explained & Reviewed

Bitcoin mining pools are still in great demand, even in 2020. Changelly is always on guard to provide you with the latest learning materials about crypto essentials. We’ve gathered everything you need to know about Bitcoin pools, starting from basic definitions and the best mining pools to get bitcoins and ending with all the nuances like the mining payouts schemes, etc. Dive into...

Apr 06 2022

How Mining Pools Adapt To Changing Market Conditions

Miners need to be flexible to changes in the market, including global cultural differences and adversarial legal frameworks when countries ban Bitcoin.Mining pools are important to the Bitcoin ecosystem because they allow small bitcoin miners to collect rewards for their hash rate. Small-time miners are very unlikely to find a block and receive the block reward on their own....

Feb 26 2022

How P2P Protocols Seek To Solve Bitcoin Mining Centralization

Bitcoin mining pools rely on centralization, but P2Pool and other protocols have sought to reduce the need for trust in third parties.In a previous article, I wrote about the nature of decentralization versus centralization in Bitcoin mining and how to conceptualize that in a mostly qualitative sense. The article broke down the entire...

Feb 12 2022

How To Solo Mine Bitcoin Using Blockstream Satellite

Using Blockstream Satellite, this guide demonstrates how to mine bitcoin by yourself without placing trust in a pool.A version of this article was originally published on Medium.In light of some recent awesome...

Feb 01 2022

How Are Such Small Miners Solving Bitcoin Blocks?

After three solo bitcoin miners found valid block hashes themselves in January, netting more than $200,000 in BTC each, many are asking how.Not one, nor two, but...

Jan 27 2022

Norton Crypto: is it a Good Mining Alternative in 2022?

Tapping into the crypto world can be done through many ventures. In today's crypto economy, you don't need to only buy Bitcoin to dip your toes in cryptocurrency investing. Your options would range from buying crypto and metaverse stocks, to participating in mining. The latter option is started to rise in popularity thanks to the current...

Dec 06 2021

How Centralized Is Bitcoin Mining Really?

There are numerous factors to consider in weighing the centralization of bitcoin mining, and the industry can only be as decentralized as any one.When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with...

Apr 23 2021

Bitfarms To Join Foundry USA Pool, Will Boost Mining Performance Up To 15%

The partnership will expand both Foundry’s and Bitfarm’s operations, while boosting the hash rate share of North America.Bitfarms, an institutional bitcoin mining company, has partnered with Foundry USA Pool, in a partnership that will “Expand [Bitfarms’] Bitcoin Mining Fleet…Instantly Boosting Operating Hashrate By 15%,” according to a press release shared with Bitcoin Magazine today. Bitfarms...

Mar 08 2021

[Updated] Bitcoin Mining Pools Explained & Reviewed

Bitcoin mining pools are still in great demand, even in 2020. Changelly is always on guard to provide you with the latest learning materials about crypto essentials. We’ve gathered everything you need to know about Bitcoin pools, starting from basic definitions and the best mining pools to get bitcoins and ending with all the nuances like the mining payouts schemes, etc. Dive into...

Jan 21 2021

Forget about Mining Bitcoin…Focus on Mining THIS

If you ever thought about making passive income through mining Bitcoin, you would've made TONS of money...5 years ago. Today, it has become a highly competitive arena, in terms of high initial capital and infrastructure. But this won't stop you from finding other altcoins to mine that have been up till now "behind the scenes". In this article, we take you STEP-BY-STEP how...

Jan 17 2021

[Updated] Bitcoin Mining Pools

Bitcoin mining pools are still in great demand, even in 2020. Changelly is always on guard to provide you with the latest learning materials about crypto essentials. We’ve gathered everything you need to know about Bitcoin mining pools, starting from basic definitions and the best mining pools to mine BTC and ending with all the nuances like the mining payouts schemes, etc. Dive...

Dec 30 2020

All Major Mining Pools Now Support Taproot, Bitcoin’s Biggest Upgrade in Years

Dec 30 2020 Published at CoinDesk under tags  bitcoin mining pools taproot tech

Binance Pool represents 11% of Bitcoin’s mining hashrate. Adding it to the “yes” column pushes mining pool support for Taproot to about 91%.

Nov 18 2020

OKEx Mining Pool Flatlines After 99.5% Hash Power Drop as Withdrawal Suspensions Spook Clients

Nov 18 2020 Published at CoinDesk under tags  luxor markets mining pools okex

The pool's hash power has dropped from 5,000 to barely 20 PH/s.

Nov 09 2020

New North American Mining Pool Bets On Region And Regulatory Compliance

Nov 09 2020 Published at Bitcoin Magazine under tags  bitooda dmg hashr8 luxor mining

North American bitcoin mining farms all use mining pools to ensure steady block rewards, compiling hash power from miners operating remotely to compete with the industrialized farms based in China. Most of these mining farms use China-based mining pools (pools whose headquarters and, perhaps, servers for collecting hash power, are located in China) because the fees that they charge for collecting and distributing...

Oct 12 2020

As Bitcoin Mining Becomes More Competitive, Will Pools Ensure Decentralization?

Bitcoin’s underlying computer network is the largest, most sophisticated computerized system in the world with working units in almost every part of the globe, from China to Kazakhstan to Venezuela to the U.S. And with recent all-time highs in hash rate and difficulty level, the Bitcoin mining industry is more competitive than ever. Meanwhile, there are questions about whether...

Sep 17 2020

Improving the Cryptocurrency Mining Space One Innovation at a Time

Aberdeen, Hong Kong, Hong Kong, September 10, 2020. – The act of mining cryptocurrencies is about 12 years now. The first cryptocurrency, Bitcoin, was mined for the first time in January 2009. Back then, the process was democratic. The person or group of people that wrote the Bitcoin code (Satoshi Nakamoto) envisioned a process that […] The post...

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