Impending Closure Of Monero Largest Mining Pool Sparks Decentralization Debate
Monero is the most popular privacy token in the space, and investors have flocked to it due to the anonymity it provides. Its community is widespread with a lot of miners, but one mining pool has dominated the hashrate of the privacy coin in the past. Minexmr, which is the largest mining pool, has, however, […]
Related News
Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization.
A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate Issue, Pool Admin Addresses Concerns
At the time of writing, according to statistics stemming from the web page pools.xmr.wiki, the mining operation Minexmr commands 44.084% of the network....
As if running the third-largest bitcoin mining pool wasn't enough, China-based Bitmain announced the launch of its second mining pool yesterday. Unlike the other large mining pools, though, the new offering (launched through its subsidiary BTC.com) will be open sourced to its community of users. According to Bitmain, the pool is not meant as a replacement for its popular Antpool platform (which has roughly 13% of the network's market share) but rather to enhance the stability of the bitcoin network. In interview, Nisthant Sharma, international marketing manager at Bitmain, explained that....
The sharp increase in MineXMR's mining hash rate in the past few months has led some XMR enthusiasts to suspect ulterior motives. On Tuesday, privacy coin Monero (XMR) mining pool MineXMR's hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from Archive.org last August, the pool only contributed to 34% of the hash rate of the XMR network.The rapid rise in the network's hash rate has spooked some XMR enthusiasts, with Reddit user u/vscmm writing:"We need to talk with....
The world’s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform’s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero.
Largest Ether Mining Pool to End PoW Ethereum Mining — Ethermine Ethereum Mining Pool Will Switch to Withdraw-Only Mode After the Merge
According to a recent announcement from the world’s largest ethereum mining pool, Ethermine, the platform plans to halt ETH mining....
Chinese mining pool, ViaBTC, has made the decision to test Bitcoin Unlimited. This is a significant move on the part of the pool’s managers, as it could have implications for the Bitcoin block size debate going forward. ViaBTC: “We Support Big Blocks”. ViaBTC also happens to be the 6th biggest mining pool in the world, making the decision even more....