A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan. China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days. The heavy rainstorms have caused electricity outages in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn. As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. It’s not clear when the situation will prove as the rainstorms are still ongoing. Data from BTC.com shows the world’s top four bitcoin mining pools – that is PoolIn, F2Pool, BTC.com and Antpool, all based in China – have each seen their hashrates drop between 10% and 20% over the last 24 hours. The computing power connected to these four pools accounts for around 50% of the Bitcoin network’s total.
Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan. China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days. The heavy rainstorms have caused electricity outages in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn. As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. It’s not clear when the situation will prove as the rainstorms are still ongoing. Data from BTC.com shows the world’s top four bitcoin mining pools – that is PoolIn, F2Pool, BTC.com and Antpool, all based in China – have each seen their hashrates drop between 10% and 20% over the last 24 hours. The computing power connected to these four pools accounts for around 50% of the Bitcoin network’s total.
Friday Pullback? Biggest Bitcoin Mining Pool Sends 800 BTC to Binance
Bitcoin (BTC) may have recovered to $11,700 but miners could soon spark a price plunge, data warns. In an update on Aug. 14, on-chain monitoring resource CryptoQuant identified a spike in mining pool outflows. BTC price: CryptoQuant expects a “little pullback” Aftering remaining stable this month, mining pool outflows have begun to grow, with 802 […]
Centralization of All Bitcoin Mining Pools. The biggest issue in the Bitcoin peer-to-peer ecosystem is the higher level of centralization which can lead to 51% attacks. This is a possible scenario, leading to major issues for the integrity of the blockchain. Slush Pool is the 1st mining pool with more than 1.2M BTC mined since 2010. Explore features such as advanced payouts, monitoring and more. Bitcoin mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks quicker and therefore receive a portion of the Bitcoin block reward on a consistent basis, rather ... SlushPool. Pros: Established medium+ pool, score-based method reduces risk of cheating, user-friendly dashboard Cons: 2% fee may be too much for some people Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), it’s based in the Czech Republic and ... SPV Mining / Old Bitcoin Core The following pools are known or strongly suspected to be mining on top of blocks before fully validating them with Bitcoin Core 0.9.5 or later. Miners doing this have already lost over $50,000 USD during the 4 July 2015 fork and have created a situation where small numbers of confirmations are much less useful ...
10 Best and Biggest Bitcoin Mining Pools 2018 (Comparison ...
Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool. While mining pools are desirable to the average miner as they smo... Bitcoin & Cryptocurrency Mining Pools Explained Best Mining Pools PPS vs PPLNS - Duration: 18:17. VoskCoin 6,118 views. 18:17. Mix Play all Mix - Crypto Rick YouTube; LIVE ... What is a mining pool and why is it best to mine Bitcoin and other cryptocurrencies on mining pools? Here is our review and explanation of mining pools, how ... Let's Review The Different Bitcoin Mining Pool 1. https://slushpool.com/home/ 2. https://www.antpool.com/ 3. https://pool.btc.com/ 4. https://www.f2pool.com/... What is a Bitcoin Mining Pool... as Bitcoin mining has become increasingly difficult, individuals join mining pools. You would be required to invest in your own mining equipment and then join a ...
