Smaller Pools Are Diversifying the Bitcoin Mining Industry
Bitcoin mining has become an advanced competitive market alongside securing the network. Over the years the mining sector has changed significantly from home operations, mining pools, and large data facilities churning out blocks. While observing mining pools over the years, there’s been a few times where skeptics have believed mining was quite....
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Currently, everyone’s been focused on the price of bitcoin and turbulent global markets. However, in the bitcoin mining and development space, there’s a lot going on behind the scenes. Smaller Mining Pools and Bitcoin Unlimited. As Bitcoin.com previously reported the bitcoin network’s hashrate distribution among mining pools has been changing. Lately,....
Over the last couple of days, the Ghash.io mining pool has been stirring up conversation in the community again, with an uncomfortably high share of hashrate hitting very close to the feared 51 percent mark. Posts urging miners to switch to smaller pools litter social media, and Bitcoin Foundation Chief Scientist Gavin Andresen did the same on Friday in a post published on the Bitcoin Foundation blog. He writes: Bitcoin mining has been too centralized for years, with just a handful of pool operators have controlled well more than 50% of hashing power. Recently, mining power has become even....
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....
Over the past few weeks, support for the Bitcoin Unlimited (BU) proposal has increased significantly. This is due to a bunch of smaller mining pools collectively running the alternative client that removes the current block size cap. Now its seems the proposal will get even more hash power as the Chinese miner, Chandler Guo, has announced that his new....
With the bitcoin mining difficulty increasing, mining becomes even less profitable for smaller operations. Things continue to heat up in the Bitcoin mining world as of late. As the hashrate continues to increase, it is only to be expected the mining difficulty continues to go up accordingly. Earlier this morning, the difficulty adjusted once again and increased by 7.43%. This adjustment marks a new all-time high for mining ever since bitcoin was created. New hardware seems to be coming online at an accelerated pace, which is nice to see. One always has to wonder who is bringing additional....