Spiral, Braiins Establish Working Group To Develop Bitcoin Mining Protocol
The working group will streamline processes for bitcoin miners looking to upgrade to the Stratum V2 communication protocol that connects miners to the network.A partnership between bitcoin mining company Braiins and open-source Bitcoin development initiative Spiral is establishing a working group to accelerate the adoption of Stratum V2, per a release sent to Bitcoin Magazine. The working group contributors will focus on building and sharing tools that make the upgrading to and deployment of Stratum V2 a more streamlined process for miners. “We are proud to support the world-class....
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Braiins has launched a hashrate donation account where users of a bitcoin mining pool can lend their resources and rewards to Ukrainian efforts.
Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime.
Russia Prepares to Improve Efficiency of Mining Facilities in 2023
A group of crypto specialists have teamed up to elaborate a standard that should improve the overall efficiency of mining and in particular the use of energy to mint digital currencies. The set of rules and procedures will be designed to increase the time the expensive....
Over 15,000 users, mainly small individual miners, are part of the still-growing Braiins (Slush Pool) ecosystem. All things have their humble beginnings; in 2010, the first Bitcoin (BTC) mining project was created in Prague, Czechia, and was simply called Bitcoin.cz. Soon afterward, founder Mark "Slush" Palatinus decided to move on to other ventures, such as creating the world's first cryptocurrency hard wallet, Trezor. As a result, Braiins, a company doing embedded Linux development and research, took over the mining pool and renamed it accordingly.Fast forward to now, Braiins (Slush....
The Hyperledger Project, a cross-industry collaborative effort to study, develop and implement open-source blockchain solutions and standards has set up a working group as an extended arm in China. The move to establish the group follows strong interest amid an increase in member numbers in the country. Announced this week, the Linux Foundation-led Hyperledger Project revealed that over 25% of Hyperledger members – of which there are more than a hundred on last count – are from mainland China. As a result, the open-source consortium has announced the Technical Working Group China (TWG....
The overall security of the Bitcoin protocol, or hash rate, hit a new high of 158 exahash per second despite the price being down over 50% year to date. Bitcoin miners can’t stop, won’t stop. The Bitcoin (BTC) hash rate continues to surge to new all-time highs, despite a heavy price drawdown. The Bitcoin mining hash rate peaked at 258 exahashes per second (EH/s) on Oct. 4, according to Braiins Insights, a mining data tools and metrics company. Although the Bitcoin price is down 58% year-to-date against the United States dollar, the mining hash rate is up 43%.The past 3 months Hashrate.....