‘Slippery slope’ as new Bitcoin mining pool censors transactions
The launch of a new 'censored' mining pool has some Bitcoiners worried its a harbinger of things to come. Blockchain analytics platform BlockSeer has launched the private beta version of a new Bitcoin (BTC) mining pool (Blockseer Mining Pool) that censors transactions from blacklisted wallets.The pool will use BlockSeer and Walletscore’s labeling data among other verified sources, such as the United States Office of Foreign Assets Control (OFAC) blacklist for crypto, to identify BTC transactions it does not wish to process. The pool also requires all miners to pass Know-Your-Customer (KYC)....
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A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. Government’s Office of Foreign Assets Control (OFAC). The mining pool’s ability to filter or censor transactions means “high-risk wallets will not be included in Blockseer’s posted blocks.” Detailing the....
Bitmain has announced the launch of its latest open source BTC.com bitcoin mining pool with new improvements and attractive pricing. Bitmain, the Bitcoin Mining ASICs manufacturer has launched a new open source mining pool. The new mining pool is part of BTC.com, the company’s Bitcoin block explorer, analytics tools and wallet services arm. According to the company’s blog post, Bitmain is offering a great deal to all the users joining its new mining pool. All miners on BTC.com mining pool will be able to mine the digital currency without having to pay any mining fee until next year.....
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....
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....
The Bitcoin.com mining pool is currently in private beta testing following its announcement on September 21, 2016. In just over two weeks, the mining pool has already established nearly 1 percent of the hashrate across all bitcoin miners in the world. The mining pool was founded by Bitcoin.com owner Roger Ver. It uses the Bitcoin Unlimited protocol, an....