What is bitcoin pooled mining news

B itcoin and other cryptocurrencies are, depending on who you speak to, taking over the world. They have erupted onto the scene in the last few years, with seeing them each new levels of exposure. They are everywhere now, and it's hard to get through a day without seeing or hearing some reference to Bitcoin or another cryptocurrency. But a lot of people still have questions about them. It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of.

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Content:

• Coal-powered bitcoin mining soars in Kazakhstan following Chinese ban
• Bitcoin Mining Pools: A Cooperative Game Theoretic Analysis
• Is this the collapse of Bitcoin? Miners are looking for the exits as China's crypto clampdown bites
• Clean energy mining pool to launch for ‘green Bitcoin’
• 'Insane Luck at Work' as Second Solo Bitcoin Miner Wins the Block Race in a Week
• Bitcoin: Who owns it, who mines it, who’s breaking the law
• Bitcoin Mining: How long does it take to mine 1 bitcoin?
• Rebuilding Slush Pool for Modern Bitcoin Mining Operations

WATCH RELATED VIDEO: Russia proposes ban on crypto use, mining - Business News - Latest World English News

Coal-powered bitcoin mining soars in Kazakhstan following Chinese ban

Industry leaders in transparency and innovation, with more than 1. Cutting-edge firmware with an implementation of Stratum V2 and mining software written from scratch in Rust language. Quality improvements including reduced data loads, empty block elimination, hashrate hijacking prevention, and more.

We recently released an update for Slush Pool which includes a refreshed design and several new features that are the first of their kind in major bitcoin mining pools. Nearly everything about the bitcoin mining industry has changed since Slush Pool began operations 10 years ago. Even retail miner.

To do this, we looked at data and listened to feedback in order to find inconvenient and time consuming actions that pool users were frequently taking so that we could automate them. Take the new Reward Splitting feature, for example. It allows users to set up an automatic percentage split for mining rewards so that they can be distributed to multiple financial accounts within a single pool account e.

Reward Splitting can also be useful even for one-person operations, such as the case where you want to set aside some of the mining revenue for cold storage while sending another portion to an exchange wallet in order to cover operating expenses.

We wanted to eliminate that hassle, so we developed a Timed Payout feature that allows users to set up a regular payout schedule for withdrawing funds to external wallet s. Now, Slush Pool miners can choose to keep the custom payout threshold as before, or to receive payouts on a daily, weekly, or monthly basis instead. For weekly and monthly payouts, you can choose the specific day when it occurs. Additionally, there are new options to receive payouts immediately or to pause them indefinitely.

The former makes it more convenient to withdraw funds as soon as possible without changing anything about your regular payout setup, while the latter is like an emergency break — a security feature that enables you to stop funds from leaving your account if you suspect that your mining pool account or external wallet may have been compromised. We always aim to respond quickly to support requests, but nothing beats the efficiency of using these built-in options when time is of the essence.

On that note, the incentives for hackers to come after bitcoin miners and bitcoin holders in general have never been greater thanks to Number Go Up. TL;DR: Slush Pool is now offering the most customization of any bitcoin mining pool for managing your financial flows.

But at the end of the day, our biggest responsibility is providing the best possible user experience to our miners. We would love to hear from you! By miners, for miners.

Upgrade your ASICs with our firmware and mine on any pool. Slush Pool. Table of Contents. You can view the changelog also in our documentation. See the full changelog. Get notified when we release new update By subscribing you are agreeing to our Privacy Policy. You're subscribed, we'll be in touch soon. Something went wrong. Please try again. No items found. Discover more. Still scrolling? Keep reading! Bitcoin Mining Insights.

Bitcoin Mining Pools: A Cooperative Game Theoretic Analysis

Under the terms of the deal, Argo and DMG will jointly launch Terra Pool, which will initially consist of both companies processing power which is mostly generated by hydroelectric resources. We are hopeful other companies within the Bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness", Argo chief executive Peter Wall said in a statement. Registered in England with Company Registration number You can contact us here. Data delayed 15 minutes unless otherwise indicated. Terms of use.

Is this the collapse of Bitcoin? Miners are looking for the exits as China's crypto clampdown bites

On a sweltering July day, an unlikely group arrived at a shooting range in central Texas. It was just one stop on a sprawling, statewide tour that spanned industrial power plants, trying on sleek cowboy hats with oil prospectors, and learning how to handle AR rifles. Poolin holds the second-largest share of the global Bitcoin hashrate — a measure of the computing power it takes to mine new Bitcoin — with a network of operations across Berlin, Beijing, Chengdu, Changsha, and Singapore. Up to that point, China had been a center of gravity for Bitcoin mining. In the weeks after the ban, all scrambled to move their hardware to friendlier jurisdictions. Some crossed the border to Kazakhstan ; others pitched up as far afield as Norway. The cowboy hats, target practice, and barbecue brisket were just a bonus. They were really there for the deregulated electrical grid.

Clean energy mining pool to launch for ‘green Bitcoin’

Bitcoin is an innovative decentralized cryptocurrency whose core security relies on a proof of work procedure, which requires network participants to repeatedly compute hashes on inputs from a large search space. Finding one of the rare inputs that generates an extremely low hash value is considered a successful attempt, allowing miners to approve new transactions and, in return, to collect rewards in bitcoins. This reward allocation, which provides the incentive for miners to participate, is a random process with a large variance. Miners who desire a steady income thus often participate in mining pools that divide among their members the earned rewards, and reduce this variance. Mining pools are slightly better at coordinating participants due to lowerlatency communication, a fact which implies that they manage to collect slightly higher rewards.

'Insane Luck at Work' as Second Solo Bitcoin Miner Wins the Block Race in a Week

The hashrate of major bitcoin mining pools neared recovery on Monday, days after computing power on the network fell following an internet blackout in Kazakhstan, data from BTC. Hashrate losses of major bitcoin mining pools narrowed, as internet connectivity in Kazakhstan was partially restored on Jan. Data from BTC. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups.

Bitcoin: Who owns it, who mines it, who’s breaking the law

TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling. Crypto miners use increasingly powerful, specially-designed computer equipment, or rigs, to verify virtual coin transactions in a process that produces newly minted cryptocurrencies such as Bitcoin. Bitcoin took a hammering after the latest Chinese move and is now down nearly 50 percent from its all-time high. It shed as much as 17 percent on Sunday, before paring some losses and was last trading steady in Asia. Investor protection and prevention of money laundering are particular concerns of governments and financial regulators who are grappling with whether and how they should regulate the cryptocurrency industry. US Federal Reserve Chairman Jerome Powell turned up the heat on cryptocurrencies last week, saying on Thursday that they pose risks to financial stability and indicating that greater regulation may be warranted. Huobi Mall, part of cryptocurrency exchange Huobi, said in a statement late on Sunday that all its custody businesses have been suspended. TOP, a crypto mining pool, also announced the suspension of its China business, citing regulatory risks.

Bitcoin Mining: How long does it take to mine 1 bitcoin?

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Rebuilding Slush Pool for Modern Bitcoin Mining Operations

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By Matthew Sparkes. A coal mine in Kazakhstan. Bitcoin relies on a network of computers known as miners that solve mathematical problems to secure the currency, consuming vast amounts of electricity in the process. Data from the Cambridge Centre for Alternative Finance CCAF shows that the previously rapid investment in new bitcoin mining plants stopped in China from September to April in anticipation of the ban. During the same period the global mining share of Kazakhstan rose from just 1.

Cryptocurrency has never been more accessible for retail investors. Whether purchasing through a crypto exchange like Coinbase or Gemini or buying from a discount stockbroker like Robinhood or Webull, anyone can set up an account and purchase some Bitcoin in a matter of minutes. Like precious metals, Bitcoin is mined , although not from the Earth, obviously. Bitcoin is mined on the blockchain using advanced computer technology to solve sophisticated math problems. No one pulls out a shovel and pickaxe when setting off to mine some Bitcoin. In order for the blockchain to serve as a secure, decentralized ledger, cryptocurrency transactions must be validated.

There are many features to consider when joining a bitcoin mining pool, including pool size, fee, pool credit, payment method, etc. You do all the research to be misused by fraudsters. Here are some bitcoin mining pools. Ant Pool is one of the most well-known and reputable bitcoin mining pools.