BITMIN to Create a Crowdfunded Mining Pool
Bitcoin mining has become a costly affair. Unlike the initial days bitcoin mining now requires specialized hardware with lots of processing power, which has made individual mining highly uneconomical. As we know, most of the bitcoin mining is carried out by big mining companies with dedicated data centres running high powered bitcoin mining application specific integrated circuits (ASICs). Few cloud mining companies like Hashnet and ZenMiner had earlier offered options of individual users to buy hashrate and gain returns, proportional to their contribution of processing power to the mining....
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BITMIN is a company that offers investors a platform with a lower entry barrier to mining, which is becoming more important due to the fact that the competition in Bitcoin mining has increased, and will continue to do so. The idea was conceived by Sathes Kumar, a person that wanted to give people a real chance at earning profit from Bitcoin mining after seeing the extremely high costs of competitive Bitcoin mining. BITMIN is doing this by allowing investors to buy “shares” from their IndieGoGo Campaign page for $5, which is equivalent to 18 GH/s of SHA256 mining. This is different compared....
Bitmain has announced the launch of its latest open source BTC.com bitcoin mining pool with new improvements and attractive pricing. Bitmain, the Bitcoin Mining ASICs manufacturer has launched a new open source mining pool. The new mining pool is part of BTC.com, the company’s Bitcoin block explorer, analytics tools and wallet services arm. According to the company’s blog post, Bitmain is offering a great deal to all the users joining its new mining pool. All miners on BTC.com mining pool will be able to mine the digital currency without having to pay any mining fee until next year.....
The launch of Bitcoin.com mining pool's mainnet has opened up many questions about the scalability of Bitcoin protocol. The war over Bitcoin block size wages on. The recent attempt to resurrect the Bitcoin blockchain with no block size limit has received a mixed reaction from the community. The attempt comes in the form of the new Bitcoin.com mining pool, a brainchild of Bitcoin Jesus Roger Ver. The new Bitcoin.com mining pool has extended its support to Bitcoin Unlimited, a Bitcoin Core spin-off with no limits and restrictions. This move is considered as an attempt to create a version....
BTC Pool Party Data Center Building In Progress. BTC Pool Party is a new Bitcoin mining pool that has gone into operation in the last few months. With so many mining pools and centralization driving several to close, a new pool is almost unheard of. When CCN contacted BTC Pool Party, an interesting person in the Bitcoin mining hardware business turned out to be a very big part of it. Juan Garavaglia, the CEO of 112bit.com, is the VP in charge at BTC Pool Party. He is the lead Bitmain authorized distributor for the US and Canada and sells to Bitcoin miners of all sizes with some very large....
The Bitcoin.com mining pool is currently in private beta testing following its announcement on September 21, 2016. In just over two weeks, the mining pool has already established nearly 1 percent of the hashrate across all bitcoin miners in the world. The mining pool was founded by Bitcoin.com owner Roger Ver. It uses the Bitcoin Unlimited protocol, an....