of Bitmain is launching a mining pool of Ethereum


The mining pool supported by Bitmain is expanding its offers to include classic ethereum and ethereum, the company announced Thursday, which claims to have extracted 21% of all bitcoin blocks from last year, it will offer the new mining client through its portal and will also offer an etereum block explorer and API, according to a press release. The service will allow miners to change their hashing power from one pool to another, depending on the market.

The move is part of an effort to "help ethereum to scale its mining infrastructure," says the announcement.

Bitmain Project Director Zhong Zhuang said the company hopes to "expand the ethereum network by forwarding … awards through our system [Full Pay Per Share]", which rewards miners for participating in the pool.

In particular, the new pools will include GPU and CPU mining options, the indicated release, despite the fact that Bitmain has released its first specific integrated circuit for ethereum applications (ASICs) for ethereum at the beginning of this & # 39; year.

Zhuang explained that the decision to offer GPUs and CPU mining comes from the depressed prices of this year's encrypted market, telling CoinDesk that "the GPU miners are versatile, yet profitable and are not easily replaceable in a market bearish both ".

He added:

"In addition, there are already ASIC miners for ethereum and ethereum classics that are easier to configure and dedicated to ethash extraction, which will prevent us from supporting a huge list of GPU currencies at the same time. "

Going forward, could consider the launching of" popular currencies "mining pools like litecoin, zcash and monero, although no concrete plans have yet been made, Zhuang said – though, before of any new add itions, the service should consider the network of a token, the quality of its code, its development roadmap and the volume of exchanges.

Rachel Rose O & # 39; Leary also contributed to the report.

Ethereum image via Shutterstock

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