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Impending Closure Of Monero Largest Mining Pool Sparks Decentralization Debate

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Monero is the most popular privacy token in the space, and investors have flocked to it due to the anonymity it provides. Its community is widespread with a lot of miners, but one mining pool has dominated the hashrate of the privacy coin in the past. Minexmr, which is the largest mining pool, has, however, announced that it will be shutting down operations, triggering various debates in the space.

Monero Largest Mining Pool Shuts Down

Over the weekend, Minexmr announced that it will be shutting down operations permanently. The pool sees a total hashrate of 1.05 Gh/s as per data from the website, making it the largest Monero mining pool, controlling 42% of the entire network hashrate.   Read more...

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Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

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As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0Bitcoin Core 0.17.1Bitcoin Core 0.16.2Bitcoin Core 0.10.3bcoinBitcoin Knots 0.14.2btcdLibbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research […]

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Slush Pool Operator Braiins Set to Rollout Upgrades

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Braiins

Braiins, a cryptocurrency mining pool operator based in Prague, is rebranding its company’s operation and bringing all of its products under a single umbrella.

Updates Are Coming

Braiins is the company behind Slush Pool, the original cryptocurrency mining pool with a hash rate of 5.32 Eh/s, per its website. After operating in the mining sector for some years, it appears to be set for a brand makeover and it's pushing out some upgrades for its popular products — Slush Pool and Braiins OS.

According to Braiins Creative Director Luboš Buračinský, Slush Pool customers should expect upgrades on the payout processes and the inclusion of more tokens.  Read more...

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Bitcoin History Part 13: The First Mining Pool

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Bitcoin History Part 13: The First Mining Pool

The notion that anyone could solo mine bitcoin – on a CPU no less – seems positively quaint today. But in 2010, this method wasn’t just possible – it was the norm. With an exponentially lower hashrate, less competition and a 50 bitcoin block reward, there was enough pie for everyone to get a bite. But some miners didn’t just want a bite – they wanted a whole slice, and to achieve that, they decided to join forces and pool their hashpower. And thus “cooperative mining” was born.

Also read: Bitcoin History Part 12: When No One Wanted Your BTC  Read more...

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Omega One Launches the First Regulated Crypto Market Dark Pool

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Omega One, which is developing an off-exchange venue in digital assets and capital market infrastructure, has launched Omega Dark, the first regulated dark pool for digital assets. According to a recent press release, Omega Dark is the first company to be granted a provisional Digital Asset Exchange License in Bermuda under the country’s new Digital […]
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Brunch Staking Pool Plans to Support Cardano (ADA) Development via Higher Fees

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Earlier this month, Brunch Pool announced that it plans to offer investors the opportunity to join likeminded stakers who want to help build the Cardano (ADA) ecosystem by paying a percentage of staking rewards to the foundation driving its development. Introducing Brunch Pool.https://t.co/6cfsnwmEdW — Brunch Pool | Cardano Stake Pool (@brunchpool) March 9, 2019 Cardano leverages […]
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Fortnite Unveils $100M World Cup Prize Pool to Combat Apex Legends

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Since the release of Apex Legends earlier this month, Fortnite and Epic Games have been heckled with Apex memes and gifs whenever they post on social media, as gamers embrace the competing battle royale that has broken numerous Fortnite growth records in its first two weeks. Now, Epic Games is battling back, announcing this week […]
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Mystery Bitcoin Miners Are Altering Mining Pool Dominance

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Mystery Bitcoin Miners Shift Mining Pool Dominance Immensely

During the first month of 2019, studies have revealed the growing trend of unknown miners processing blocks on the Bitcoin Core (BTC) network. A few years ago, most mining pools began revealing their identity via the coinbase parameter when they found a block. Over the last two years, however, unknown miners have started to dominate as established operations have lost a considerable share of hashrate.

Also read: Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits  Read more...

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BetterHash Protocol Lets Pool Miners Regain Control Over Their Hash Power

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BetterHash.jpg

One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them. His BetterHash Mining Protocol is intended to significantly decrease the problems associated with mining pool centralization.

What Are Mining Pools?

First, it is important to understand there are different types of miners on the network. For the purpose of this article, we’ll refer to a “solo miner” as someone who mines alone, a “hasher” is someone who mines in a mining pool, and a “pool operator” controls the mining pool.  Read more...

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Bitcoin Cash: Single Mining Pool Controls 50% of Hashrate

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Bitcoin Cash mining centralization has reached a level where just one pool is controlling half of its hashrate, according to Coin Dance. The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network at some point today. It contributed the hashrate

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Bitcoin.com Mining Pool Directs All Hash to Bitcoin Cash ABC

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Roger Ver’s Bitcoin.com mining pool users are mining Bitcoin Cash ABC in support of the ongoing contentious hard fork, and if they don’t like that, they’ll have to move to a different mining pool, according to an announcement posted on the dashboard of the Bitcoin.com mining interface. Bitcoin.com mining allows users to connect their own

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Hong Kong-Based Bitcoin Mining Pool BTCC to Close Indefinitely

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Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong. According to a statement from the firm published on November 6, 2018, the company says it would “shut down all mining servers on November 15

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BTCC Announces the “Indefinite” Closure of Its Mining Pool

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BTCC Mining Pool

BTCC will be shutting down its mining pool by the end of the month.

According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30.

Citing “business adjustments,” the notice was generally vague about the exact reason for this particular closure. Having started operations in 2014, the mining pool is one of the oldest in the space, while BTCC itself is China’s oldest crypto exchange.  Read more...

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War: Bitcoin Cash Startup Launches Mining Pool to Attack Altcoins & BCH Forks

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A prominent bitcoin cash startup has launched a mining pool designed to attack altcoins and BCH forks that it does not believe fulfill Satoshi Nakamoto’s original vision for the cryptocurrency. SharkPool: Supporting Bitcoin Cash by Attacking other Networks Dubbed “SharkPool,” the service aims to conduct a two-pronged attack on other cryptocurrency networks, exclusively mining empty … Continued

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Slush Pool: Don’t Upgrade Your Bitcoin Miners to Bitmain’s AsicBoost Patch

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Bitcoin mining pool operator Slush Pool is urging miners not to upgrade their Antminer S9 devices to a new firmware patch released this morning by manufacturer Bitmain, as it will render the devices incompatible with Slush Pool. “Dear Miners, we strongly recommend you DON’T UPGRADE your S9 devices with the new Bitmain firmware. It is

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Houston Rockets Inks Sponsorship Deal with Bitcoin Mining Pool ‘AntPool’

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Houston Rockets

Popular National Basketball Association (NBA) team, Houston Rockets, recently entered into a sponsorship agreement with AntPool, one of the largest Bitcoin mining pools. The deal sees the Bitmain-owned AntPool sponsoring the Rockets for the upcoming 2018/2019 NBA season.

Houston Rockets…to the Moon?

According to SportsPro Media, the deal followed AntPool’s announcement of its newly built Texas-based U.S. office. Commenting on the agreement, John Corley, the Houston Rockets vice president, said:

The Rockets are always looking to stay ahead of the curve with technology both on and off the court, and AntPool’s prowess with cryptocurrency makes for a great partnership.  Read more...

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Bitcoin Mining Pool AntPool to Sponsor NBA’s Houston Rockets

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One of the world’s largest cryptocurrency and bitcoin mining companies, Bitman’s Antpool, has entered into a sponsorship agreement with popular NBA team Houston Rockets. A Step Towards Expansion The partnership signed by both outfits is for the 2018-2019 professional season and will stand out as one of the significant moves by the China-based company towards

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Craig Wright Releases ‘Satoshi Vision’ Bitcoin Cash Client, Launches Mining Pool

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Despite multiple attempts at breaking the standoff through a compromise, the war over “Satoshi’s original ‘original vision’” continues to intensify within the Bitcoin Cash technical community, as the fourth-largest cryptocurrency hurtles toward a potential blockchain split in November. nChain Releases Alpha Version of SV Client The latest move in this $ 9 billion chess game comes

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Bitcoin Giant Bitmain Launches Ethereum (ETH) Mining Pool

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Bitmain, which designs application-specific integrated circuit (ASIC) chips and manufacturers cryptocurrency miners, is reportedly moving into Ethereum mining by launching a pool that will initially support both Ethereum (ETH) and Ethereum Classic (ETC). The new pool will be managed by the same group responsible for BTC.com, a Bitcoin and Bitcoin Cash mining pool that is responsible for 15.4% of […]
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TON Pool ICO Platform: Universal New Generation Crypto Currency Platform

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As the practice of the last few years has shown, the powerful potential that the cryptocurrencies are endowed with, allows us to ensure decentralization and security of money operations in the modern world. But nowadays there is still no single currency that could be considered universal in the mass market and unite a multi-million audience in the global community.

2018 can be significant in this respect. The world will see a project called the Telegram Open Network (TON). Its key idea is to develop and implement a new cryptocurrency and the multi-block system Proof-of-Stake – TON will be the basis for it. After 2021, the name of the Telegram Open Network will be changed to The Open Network.  Read more...

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