Hashrate of Mining Pools Supporting Bitcoin Classic Reaches 51%
The hashrate of mining pools supporting Bitcoin Classic reached 51%, after Antpool mined its first Classic block on February 16. Antpool, a bitcoin mining pool owned by leading bitcoin mining hardware manufacturer Bitmain Technologies Ltd. has officially marked the start of the production of Bitcoin Classic blocks on February 16, 2016. Bitmain’s Antpool is by far the largest bitcoin mining pool in the industry, and controls over 26% of the Bitcoin network’s hashrate distribution. Hashrate is a measuring unit used to estimate the processing power of the Bitcoin network. Miners must generate....
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An interesting shift seems to be happening in the world of Bitcoin mining, as one of the largest mining pools is going through a significant dip in hashrate right now. AntPool is one of the mining pools testing the Bitcoin Classic solution, although not in an official “live” capacity just yet. The recent drop in hashrate on the mining pool can be attributed to many possible factors, yet some people feel Antpool needs to switch to Bitcoin Classic before it is too late. The Antpool Mining Hashrate Drop. While it is not uncommon for mining pools to report variable hash rates on a 24- or....
Mining pools that represent at least 70% of the total hashing power of the bitcoin network have announced that they would not be supporting Bitcoin Classic or, for that matter – any “contentious hard-fork.” The mining pools are joined by some of the world’s largest bitcoin exchanges in revealing the decision. In a letter via a Medium post, The Bitcoin Roundtable – a community of the cryptocurrency’s miners, exchanges, wallets and businesses have today announced that they would not be supporting Bitcoin Classic, describing it as a “contentious hard-fork.” The mining pools making up for the....
During the first quarter of 2022, Bitcoin’s hashrate averaged between 180 to 200 exahash per second (EH/s) and during the course of that time, 13,233 block rewards were found by 16 mining pools. According to three-month statistics, Foundry USA was the network’s top mining pool in terms of hashrate percentage, as the bitcoin mining operation scored 2,380 blocks in Q1 2022.
Foundry USA Commands Q1 2022’s Top Bitcoin Mining Pool Position
Metrics indicate bitcoin miners issued approximately 82,706.25 BTC over the last three months after collectively finding....
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per second (EH/s). While 16 known mining pools mined the leading crypto asset during the last month, the top five mining pools retained 71.4% of the global hashrate. Out of 16 Pools, the Top Five Acquired Most of the Bitcoin Blocks Found Last Month The month of May is over and during the last 30 days 4,276 bitcoin (BTC) block rewards were found. Out of the 4,276 block rewards found, 26,725 freshly minted bitcoins were....
By the look of things, support for Bitcoin Classic is growing in the mining scene, as Multipool.us has opened up a new mining pool for this so-called “altcoin”. With over one petahash of mining power directed to this Bitcoin Classic pool alone, the competition with Bitcoin Core is being taken to a whole new level. However, only three blocks have been mined so far, and there is still a long way to go before Multipool.us will become a major contender. Multipool.US Supports Bitcoin Classic Mining. While it is positive to see further competition between developmental solutions, the big....