Slush Pool to Re-Enable BIP 101 Bitcoin Mining

Slush Pool to Re-Enable BIP 101 Bitcoin Mining

Slush Pool, a Czech-based Bitcoin mining pool accounting for 6 percent of hashing power on the Bitcoin network, indicates it will re-enable connected miners to vote for a block-size increase through BIP (Bitcoin Improvement Proposal) 101. Slush Pool was the first mining pool on the Bitcoin network to allow miners to vote for BIP 101, but recently suspended this option due to sustained DDoS attacks on its servers. Speaking to Bitcoin Magazine, Slush Pool operator Marek Palatinus said: "We're strengthening our infrastructure and we plan to enable BIP 101 mining again." The block-size dispute....


Related News

Slush Pool Voting Shows Bitcoin Classic in Early Lead

Yesterday, March 1, 2016, bitcoin mining pool Slush Pool released a voting switch to let users vote on which Bitcoin protocol they want to dedicate their hashing power to. Although the overwhelming majority of Slush Pool users haven’t voted yet, the ones who have voted have given Bitcoin Classic a huge lead over the other choices. The pool gave its users 4 choices for where they could direct their mining power: At press time, a total of 217 users have voted on which protocol they want to dedicate their mining power towards. This leaves 17,288 Slush Pool users who haven’t voted, making up....

Bitcoin Introduction - Pooled Mining

In this part we will talk about "pooled mining" and compare the different approaches.With increasing block generation difficulty, mining essentially becomes a lottery, as it may take years before an individual node manages to create . To provide a more smooth incentive to lower-performance miners, several pooled miners have been created. With a mining pool, a lot of different people contribute to generating a block, and the reward is then split among them according to their processing contribution. This way, instead of waiting for years to generate 50btc in a block, a smaller miner may get....

KnC Miner, Slush Pool & BitFury at Odds Over Block Size Increase

Three of the biggest Western mining pools – representing a total of some 19% of hashing power on the Bitcoin network – stand divided on raising the block size limit. An inquiry by CoinTelegraph has shown that both KnCMiner and Slush Pool are in favor of Gavin Andresen's proposal(s) to raise this limit. But the biggest of the three, BitFury, is more conservative. As such, a network-wide switch to Bitcoin XT to allow for bigger blocks seems even more unlikely, for now. Lacking consensus among Core developers on how and when to raise the block size limit, former lead developer Gavin Andresen....

Bitcoin Mining with Zero Fee: BTC.com Joins Mining Pool Race

Despite suggestions that Bitcoin mining pools are not as profitable as they used to be, the new open-source platform by China’s website for Bitcoin block statistics seems to have found a place on the list of the top ten mining pools. According to the pool distribution statistics provided by Blocktrail as at the time of writing, BTC.com launched the new platform about two weeks ago and is now at the tenth spot on the list of pools covering 2.40% of the market share, based on the past week’s record. In a chat with CoinTelegraph, Bitmain’s Nishant Sharma says the pool has....

BTC Pool Party, a New Transparently Audited, Publicly Traded US Bitcoin Mining Pool

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....