The Bitmain subsidiary BTC.com has implemented a client designed for Ethereum blockchain mining , The Next Web reported. The company is already one of the biggest bitcoin mining pool: BTC.com, in particular, makes up 16% of the computer power behind bitcoin. In addition, the company includes about 14 percent of the bitcoin cash network. And now the company has big projects for Ethereum, which has been valued at $ 284.24 starting at 6:17 pm. Thursday (30th August), according to CoinDesk.
"We expect mining to grow to 12 [percent] of hashrate ETH over the next 12 months", Zhuang Zhong, who is the mining director of BTC.com pool, told TNW . And the company is not discouraged by a potential shift to a Proof of Stake (PoS) consensus style over a Proof of Work algorithm.
"You can still host a data mining pool in PoS mode," Zhong said in a statement. "It will increase the complexity to design such a pool, since miners have to deposit [E] in the mining pool, but we have a lot of practical experience with wallets and Ethereum smart contracts to make a PoS mining pool possible."  In other news, authorities in Russia may try to monitor transactions involving digital currency, reported Cryptovest. Reports indicate that Rosfinmonitoring, a federal agency in Russia, wants a tool to investigate cryptographic operations. The tool, according to reports, seeks to prevent financial crimes and to track transactions.
According to reports, a Moscow company called SPI has won an offer for the instrument. (The company was behind a program dubbed iRule that insurance companies, credit organizations and order forces use in Russia.) With the new tool, which could be ready by the end of the 39; year, a user could link a bank card, a telephone number or a bank account number to an individual's crypto or eWallet transactions.
The government agency, Rosfinmonitoring and SBI would have provided the BBC with a comment "saying the project is classified information," reported Cryptovest.