Discus fish bitcoin

This is the first article in our new series: f2pool and the rise of crypto mining. At the beginning, Bitcoin was a brand new and poorly understood technology, and mining was still in a highly experimental stage. The following stories shed some light on what it was like to watch Bitcoin mining blossom from this early stage into the thriving and relatively stable community it is today. For this reason, the first generation of Chinese bitcoin miners tended to come from traditional computer hardware businesses because these suppliers already owned large amounts of hardware that could be used for mining.

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These are the largest Bitcoin mining farms in the world

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Who Are the Top 5 Companies Controlling the Bitcoin Industry?

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F2Pool, also known as Discus Fish is a Chinese mining pool that allows users to mine BTC, LTC, ZEC, ETH, ETC, SC, DASH, XMR, XMC, DCR, XZC, and XVG.

A Short History of the World’s Largest Bitcoin Mining Pools

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discus fish bitcoin

Cobo Wallet. Cobo Custody. Press Kit. We make it easy for everyone to own and use cryptocurrencies. About Cobo.

Bitcoin runs on a blockchain , a decentralised and public ledger where every transaction made on the network is permanently registered.

How Discus Fish Became China's Largest Bitcoin Mining Pool

Cobo Wallet is a secure multi-asset blockchain wallet that enables users to store and use digital currencies and transfer to other Cobo wallets for free. The company will use its proceeds for the development of DeFi as a service DFaaS infrastructure and its existing custody services such as wallet as a service WaaS , trading and staking as a service StaaS. The funding will also be used to apply for regulatory licenses to ensure strict compliance to the relevant anti-money laundering AML and counter the financing of terrorism CFT requirements. Amid the growing interest for cryptocurrencies among Asian investors, institutional investors and retail investors are seeking diversification options to hedge against inflation and other risks, the company said in its statement. Its retail investor clients use Cobo Wallet. Cobo supports more than 50 public chains, over 1, tokens and serves a total of 75, high-net-worth individuals, the company CEO said.

Cobo Wallet

Mining bitcoin is also the only way for the blockchain to produce new bitcoins, awarding them to miners as they are digitally unearthed. As a result, successful bitcoin miners can run a very profitable business in this era of high-value bitcoins. In this article, our editors have rated and reviewed the best bitcoin mining pools , rated by fees, user-friendliness, and reputation. It was founded in and has operations globally. BMJ Score: 4. Antpool is located in Singapore. Slush Pool has operated since It is based in Prague but operates globally, and was the first organized mining pool for Bitcoin.

Discus Fish operates using a PPS (Pay Per Share) reward system, taking a 4% fee. They mine Bitcoin and Litecoin, depending on your preference.

Transaction Details

In this edition, we trace the early history of f2pool and its two co-founders, Chun Wang and Discus Fish. The mining community had mixed reactions to the introduction of ASICs. Some critics thought the higher barrier of entry brought on by these specialized and expensive devices and the limited number of manufacturers producing them, combined with their orders of magnitude higher processing power, would hurt the decentralization of the network. Supporters pointed out the positive effect of ASICs on network security that would be made possible by a huge increase in hashrate and predicted their coming dominance in the mining world.

Crypto asset management platform Cobo bags $40M Series B


Mining is a crucial part of any Proof-of-Work protocol and is integral in maintaining the decentralized, secure nature of a blockchain. Bitcoin employs a typical PoW algorithm which has miners maintaining and verifying the network, making sure that the network is secure, democratic, immutable, trustless, and in theory more scalable than the average centralized database. Each miner in a network like Bitcoin is an independent computer node, connected to the blockchain and other similar nodes through the internet. A miner uses his computing, processing power to verify Bitcoin transactions, packs them up in blocks and attaches these blocks onto the Bitcoin blockchain. Attaching a block to the blockchain requires the miner to solve a complicate cryptographic task whose difficulty varies with the amount of mining power present on the network. In the beginning of the Bitcoin network, mining was mostly CPU-based.

F2Pool cryptocurrency mining pool founder, Mao Shixing Discus Fish , has called China the best place to mine cryptocurrency and talked extensively about Bitcoin mining in an interview with Longhash.

Bitcoin Block Explorer

Mining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. Mining pools have been in operation since late , when they emerged as a means for solo miners to share their computing resources and increase their chances of discovering blocks. While a lot has changed in bitcoin mining since then, including the introduction of dedicated ASIC mining rigs and the rise of huge mining farms, the basic premise of pools remains the same. Save for a handful of privately operated exceptions, pools are open to anyone to join.

Discus Fish

Mining pools serve a crucial yet relatively mundane role in the mining process by providing a focal point for hashing power and enabling small-scale miners to collaborate with others. If bitcoin mining is a competitive sport that pits miners against each other to discover new blocks and generate more bitcoins, then mining pools are the teams on which they play. Still, despite this importance, mining pools have not been the most transparent sector of the crypto economy.

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