What is a Mining Pool? Do I need to join one?
2018-06-01 18:54:20 Discuss As the name suggests, a mining pool is a group of miners working together to solve blocks and split the block rewards. Mining pools have become popular since GPU and ASICs started centralizing the hashrate onto the hands of fewer and larger mining organizations. The original Bitcoin vision was to have fully decentralized mining, with each full node performing CPU mining as long as they ran the Bitcoin Core client on users' PC's. This, unfortunately, is no longer feasible, since total network hashrate has in... Continue reading.
Why do I need to join a cryptocurrency mining pool?
2018-03-03 15:18:03 Discuss The Bitcoin protocol is open, its source code is available to everyone and anyone can adapt this software to mine Bitcoins. In fact, the Bitcoin Core program started out with Bitcoin mining enabled. Once you entered the program it'd become a full node and start mining coins for you. But then we all know what happened next, as GPUs and ASICs made CPU mining obsolete. In Satoshi's original vision, Bitcoin would be mined by the participating nodes as a reward paid in exchange for each node's contribution to... Continue reading.
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A Guide to Verge (XVG) Mining Pools - CoinCentral
December 23, 2018 10:53 AM Discuss Cryptocurrency mining can be a very profitable venture. Selecting the right coin to mine is an important step in this process. Verge (XVG) is one of the most unique cryptocurrencies when it comes to mining. This is because it allows miners to select between five different consensus algorithms. However, an abundance of options also means more choices for miners to make. This is especially true for those wanting to join a Verge mining pool. In this article, we examine a variety of Verge mining pool options. Hopefully, this will give you the information needed to assess which one might be the best option for you.
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BTCC to Shut Down Mining Pool Following 'Business Adjustments'
November 07, 2018 9:54 AM Discuss Reading: BTCC to Shut Down Mining Pool Following Business Adjustments Wilma Woo | Nov 07, 2018 | 00:10 Wilma Woo | Nov 07, 2018 | 00:10 The turbulent journey of the Bitcoin mining sector continues this week as BTCCPool announces it will close indefinitely November 30. The pool, which constitutes the mining arm of Hong Kong-based exchange BTCC (formerly BTCChina), began operating in 2014, yet rarely competed with giants such as Bitmains Antpool. A statement confirmed the closure November 6, with officials remaining coy over the exact impetus behind the decision. Today, we regret to announce that due to business adjustments, the BTCC pool will shut down all mining servers on November 15 and will cease operations indefinitely from November 30.
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Crypto Exchange BTCC Is Closing its Mining Pool Business Indefinitely
November 06, 2018 11:54 AM Discuss Hong Kong-based cryptocurrency exchange BTCC is shutting down its mining pool business, BTCC Pool Limited, after four years in operation. Citing the reason for the closure as business adjustments, BTCC Pool said Tuesday that it will shut down all mining servers on Nov. 15 and will cease operations indefinitely from Nov. 30. The firm has now asked all member miners to switch their hashing power away from the pool before Nov. 15., adding that it will release previously earned mining profits in time. The pool was launched in 2014 as one of BTCC's several business verticals, alongside cryptocurrency wallet called Mobi and a USD/BTC exchange.
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McAfee's MGTI 'Macpool' Mines 100 BTC per Month - Bitcoin News
April 24, 2017 9:00 AM Discuss MGT Capital Investments (MGTI), the company led by the former anti-virus tycoon John McAfee, has revealed the firm's bitcoin mining revenue. In a recent Securities and Exchange Commission (SEC) annual report filing, the company claims to be one of the largest mining operations in the U.S. According to the SEC documents the firm is mining 100 bitcoins per month alongside developing a mining pool called Macpool. Also read: Bitcoin Proponents Are Laser Focused on One Particular Mining Pool The company MGTI is well known for being owned by the staunch libertarian software entrepreneur John McAfee. Over the past year, the company has announced several strategic moves within the online security and cryptocurrency ecosystem. MGTI aims to acquire a vast portfolio of cyber technologies, and part of the plan is bitcoin mining. Last October MGTI announced a letter of intent in collaboration with the Chinese company Bitmain, as the two firms plan to bring more mining facilities to the U.S.
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MGT & Bitmain Offer McAfee-Branded Bitcoin Mining Pool
October 27, 2016 8:49 PM Discuss Advertise with Us Jobs at BTCManager BITCOIN PRICE: 3,991.29 HIGH: 4,112.00 LOW: 3,934.73 At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a Don't miss out on the latest news Get BTCMANAGER delivered right to your inbox October 27, 2016 22:49 by Lori Brown MGT Capital Investments have announced an alliance with Bitmain Technologies Limited, forming a joint venture focusing on opportunities in North America for Bitcoin mining, following the revelation of the company's intention to become one of the world's largest mining operations. Bitmain, based in Beijing, is a top bitcoin hardware manufacturer, responsible for the popular Antminer S7. On top of their reputation as a hardware leader, Bitmain manages one of the biggest bitcoin mining pools via their Antpool brand, along with cloud mining provided by their Hashnest subsidiary.
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