Historic Day For Bitcoin As Bitcoin.com Pool Starts Mining

Historic Day For Bitcoin As Bitcoin.com Pool Starts Mining

Bitcoin is about to change for the better – Bitcoin.com’s own mining pool mined its first block today, running software that allows miners and nodes to set their own block sizes. First Block Mined Today. The Bitcoin.com pool mined its first block, block 430757, on Wednesday September 21, 2016. This is a significant day in Bitcoin history, and one for future Bitcoiners to remember. While mining pools have come and gone over the years, this is important because Bitcoin.com uses the Bitcoin Unlimited protocol. Bitcoin Unlimited is an alternative to the Bitcoin Core protocol most Bitcoin....


Related News

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....

Guldencoin Develops 'Readjustment' Algorithm To Help Block Chain Mining

Guldencoin, a national cryptocurrency in the Netherlands, has developed a "readjustment" algorithm called DELTA that adjusts the difficulty in mining block chains. The algorithm helps miners generate blocks at regular intervals. The DELTA readjustment algorithm maximizes the amount of hash power miners have to generate blocks. In doing this, the readjustment algorithm addresses the mining difficulty caused by profit-switching pools. These are centralized mining pools that switch between coins based on the level of coin profitability. Why mining pools switch coins. The pool normally waits....

Directpool.net Launches Next Generation Bitcoin Mining Pool that Gives Back

Directpool.net officially launched a Bitcoin Mining Pool. Its goal is to prevent any future 51% attacks on the bitcoin network by redistributing the total network's hashing power. Directpool comes in as the next generation mining pool to further redistribute total network hashrate while giving back to the Bitcoin community. New York, NY (PRWEB) March 18, 2014. The Bitcoin community raised concerns about a pool reaching the 51% network hashpower. That pool can potentially control double-spend transactions, affect confirmations and prevent miners from mining valid blocks. Satoshi himself was....

A Bitcoin Mining Guide to Choosing a Profitable Mining Pool

Many people don't know about the different types of mining pools out there. Multi-pools allow for mining multiple currencies based on profitability, some only focus on promising new coins, and some only focus on one particular coin as their whole purpose. Not only are there different mining pool types to choose from, but the payout methods are different, with PPLNS, PROP, and PPS being the most popular. This mining guide will clue you in on what pools are available to you, and what payout methods they use. A Guide to Different Cryptocurrency Mining Pools. Single Coin Mining Pools. Single....

The Terror of Mining Pool Centralization

One of the many issues that has a lot of Bitcoiners periodically soiling their pants in fear is that of mining pool centralization. Earlier this year was a crisis with GHash.io and in the year before was one with BTCGuild (which has announced it is going offline soon. How the mighty have fallen). Naturally, nothing came of these supposed crises other than all manner of exhibitionist hang-wringing, such as when Peter Todd told everyone he had sold half his bitcoins due to the threat. But what about the 51% attack? What about decentralization? Bullshit. The 51% attack is a risk that arises....