Bitcoin Mining Pool Protocol Stratum V2 Is Making Progress
If widely adopted, this mining pool protocol could help Bitcoin become more robust and decentralized.The below is a direct excerpt of Marty's Bent Issue #1179: "Stratum V2 progress spotted in the wild." Sign up for the newsletter here.Here's something very encouraging to see; a working demo of Stratum V2 in the wild. Even better, a working demo dropping on the same day as a thorough report on Stratum V2 from the mining team at Galaxy Digital. via Galaxy Digital For those of you freaks who are unaware of or have forgotten what Stratum V2 is and why it's important; it is a new mining pool....
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Mark the Stratum v2 release as a victory for the open-source bitcoin community. For a decade, it has been the software of choice for miners to interact with pools and with the bitcoin protocol per se. While still necessary, bitcoin mining pools have a centralizing effect. With Stratum v2, miners will get to construct their […]
Slush’s Pool was introduced in late 2010 and was the brainchild of Marek Palatinus who saw a need for pooled mining resources to be able to keep more people mining Bitcoin. He developed the Stratum style of mining to help miners receive payouts in a landscape of escalating mining power. The development of Slush’s Pool brought with it a new era of Bitcoin mining and changed forever the way we mine Bitcoin and many other Cryptocurrencies. Marek’s words about how he came up with pooled mining are quite fitting. Now on November 17th Satoshi Labs announced the new Beta for Slush’s Pool. Slush’s....
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)....
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....
Yesterday, March 1, 2016, bitcoin mining pool Slush Pool released a voting switch to let users vote on which Bitcoin protocol they want to dedicate their hashing power to. Although the overwhelming majority of Slush Pool users haven’t voted yet, the ones who have voted have given Bitcoin Classic a huge lead over the other choices. The pool gave its users....