The mining infrastructure of Ethereum is going to get a big boost




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In this photographic illustration the digital cryptocurrency, ethereum (ETH) was seen on August 13, 2018 in Hong Kong. (Photo by Yu Chun Christopher Wong / S3studio / Getty Images)

The classic of Ethereum and ethereum is taking a turn today, as BTC.com, supported by Bitmain, adds two new & nbsp; mining & nbsp; pools to its offerings, despite the dramatic decline of ethereum of this year.

BTC.com – which claims to have produced 21% of all freshly extracted bitcoins in the last year – says it is making the move to diversify its mining portfolio and is also working added & nbsp; monero and bcash, according to Zhuang Zhong, director of the mining pool of BTC.com

"We have received many requests from customers for support ethereum quest & # 39; year, so it was a clear choice for us, "& nbs p Zhuang said "By competing to provide the best reward margins along with our product development, we expect extraction operations to grow up to 12% of the total ETH in terms of hash over the next 12 months. "

BTC.com currently accounts for about 16% of the bitcoin hash rate (computing power).

BTC.com will also offer an etereum block explorer and API and will allow miners to change their hashing power from one pool to another, depending on the market.

Despite Bitmain has released its first integrated circuit specific for applications ethereum (ASIC) for ethereum at the beginning of this & # 39; year, the new pools will include GPU and CPU mining options.

Bitmain is currently preparing for an initial public offering (IPO) that could & nbsp; potentially value the company up to $ 50 billion, although it was recently hit by reports that investors & nbsp; who were previously & nbsp; thought they were involved in the pre-IPO funding is now distancing themselves from the agreement.

Zhuang would not have been attracted by as l The addition of BTC.com to both the classic mining pools ethereum and ethereum could affect the investor interest in Bitmain, indicated the decision was taken by BTC.com independently. & nbsp;

In the meantime, BTC.com is sure that the transition proposed by a Proof-of-Work algorithm to a demonstrative test (PoS)) The consensus style, through the imminent Casper protocol will not discourage it from the ethereum extraction

"It is still possible to host a data mining pool in PoS mode, it will increase the complexity of designing a pool of this type, since the miners must deposit ether in the mining pool, but we have a lot of practical experience with Ethereum's portfolio and smart contracts to make a PoS mining basin possible, "said & nbsp; Zhuang.

The price of Ethereum has suffered a severe blow this year, rising from highs of $ 1311 in January to about $ 277. The sell-off was widely attributed to the massive number of initial coin offerings. which were built on the blockchain ethereum throughout the past year, in addition to the significant amount of development interests it has generated.

Investors who have purchased ether (Ethereum's marketable token)) are cashing in to cover expenses and concerns that the bear market cryptocurrency of this year will drag.

The price of the ether has lowered this year after having hit the historical highs in January. CoinDesk

BTC. The mining pool of com will be characterized by:

  • Reward of Uncle 0.75ETH and 2.625ETH if BTC.com draws a block of uncle
  • Miners of BTC.com may include up to two blocks of uncle from other pools
  • BTC.com distributes awards in FPPS mode

"Because contracts are charged per line of code executed and miners are rewarded for dedicated hashes via Ghost, ethereum provides multiple different reward incentives to contribute with hash power to the network & nbsp; said & nbsp; Zhuang. "We hope to expand the ethereum network by broadcasting these awards through our FPPS system.

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In this photographic illustration the digital cryptocurrency, ethereum (ETH) was seen on August 13, 2018 in Hong Kong. (Photo by Chun Christopher Wong / S3studio / Getty Images)

Ethereum and ethereum classic are getting a new impetus thanks to BTC.com, supported by Bitmain, which adds two new mining pools to its offers, despite the dramatic fall in prices of ethereum this year [19659003] BTC.com – which claims to have produced 21% of all the bitcoins just extracted in the last year – says it is making the move to diversify its mining portfolio and is also working to add monero and bcash, according to Zhuang Zhong, director of the mining pool of BTC.com

"We have received many requests from customers for the ethereum support this year, so it was a clear choice for us," said Zhuang. "Competing to provide the best margins of gain and development of our product we expect that mining operations will grow up to 12% of the total hash rate in the next 12 months. "

BTC.com currently accounts for about 16% of the bitcoin hash rate (computing power).

BTC.com will also offer an etereum block explorer and API and will allow miners to change their power hashing from one pool to another, depending on the market.

Despite Bitmain has released its first integrated application-specific ethereum circuit (ASIC) for ethereum at the beginning of this & # 39; new pools will include GPU and CPU mining options.

Bitmain is currently preparing for an initial public offering (IPO) that could potentially estimate the company up to $ 50 billion, although it has recently been hit by reports that investors who were thought to be involved in the pre-IPO funding round are now distancing themselves from the agreement.

Zhuang would not have been designed on how the addition of BTC. com of both eth ereum and ethereum classic mining pools could affect the interest of investors in Bitmain, indicated that the decision was taken by a BTC.com.

Meanwhile, BTC.com is confident that the transition proposed by a Proof-of-Work algorithm to a consensus-style Proof-of-Stake (PoS), through the next protocol Casper will not dissuade him from the extraction of ethereum

"It is still possible to host a data mining pool in PoS mode, increasing the complexity of designing a pool of this type because miners have to deposit the Ether in mining pool, but we have a lot of practical experience with Ethereum's portfolio and smart contracts to make a pool of PoS mining wells possible, "he said Zhuang.

The price of ethereum has been a huge success so far this year, rising from highs of $ 1311 in January to around $ 277. The sell-off was largely attributed to the massive number of coin offerings. initials that were built on the blockchain ethereum during the past year, in addition to the significant amount of development interests it has generated.

Investors who have purchased ether (Ethereum's marketable token) are cashing in to cover the expenses and concerns that the bear market will criptarute this year will drag.

The price of ethereum has plummeted this year after reaching the historic highs of January. CoinDesk

The ethereum mining pool of BTC.com

  • Uncle reward 0.75ETH and 2,625ETH if BTC.com draws a block of uncle
  • The miners of BTC.com can include up to two blocks from other pools
  • BTC.com distributes rewards in FPPS mode [19659038] "Because contracts are charged per code line executed and miners are rewarded for dedicated hashes via Ghost, ethereum offers several reward incentives to help power hash of the network, "said Zhuang. "We hope to expand the ethereum network by broadcasting these awards through our FPPS system.


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