A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan. China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days. The heavy rainstorms have caused electricity outages in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn. As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. It’s not clear when the situation will prove as the rainstorms are still ongoing. Data from BTC.com shows the world’s top four bitcoin mining pools – that is PoolIn, F2Pool, BTC.com and Antpool, all based in China – have each seen their hashrates drop between 10% and 20% over the last 24 hours. The computing power connected to these four pools accounts for around 50% of the Bitcoin network’s total.
Top Bitcoin Mining Pools See 15% Hashrate Drop Amid Continuous Rainstorms in China
Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan. China’s southwestern Sichuan province, a mountainous region that is estimated to have over 50% of Bitcoin network’s total computing power, has been hit by heavy rainstorms since last week, which peaked over the last two days. The heavy rainstorms have caused electricity outages in parts of the region as hydro-plants stop generating power to help discharge the floods. Some counties are also experiencing telecommunication and internet breakdowns, said Kevin Pan, CEO and co-founder of PoolIn. As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. It’s not clear when the situation will prove as the rainstorms are still ongoing. Data from BTC.com shows the world’s top four bitcoin mining pools – that is PoolIn, F2Pool, BTC.com and Antpool, all based in China – have each seen their hashrates drop between 10% and 20% over the last 24 hours. The computing power connected to these four pools accounts for around 50% of the Bitcoin network’s total.
Friday Pullback? Biggest Bitcoin Mining Pool Sends 800 BTC to Binance
Bitcoin (BTC) may have recovered to $11,700 but miners could soon spark a price plunge, data warns. In an update on Aug. 14, on-chain monitoring resource CryptoQuant identified a spike in mining pool outflows. BTC price: CryptoQuant expects a “little pullback” Aftering remaining stable this month, mining pool outflows have begun to grow, with 802 […]
BW Pool is a Chinese Bitcoin mining pool with a user-friendly interface. Apart from Bitcoin, the site offers to mine Litecoin and Ethereum. The site works on stratum mining protocol and vardiff. Fees and Payment. The site also offers transparency by sharing transaction fee with miners. According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if ... Bitcoin Mining Pool Hash Rate Distribution. Bitcoin Mining Pool Options. For a fully decentralized pool, we highly recommend p2pool and Multipool.us. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.11 or later: BTCC: BTCC is a Bitcoin exchange, wallet, and mining pool located in China. Its mining ... SlushPool. Pros: Established medium+ pool, score-based method reduces risk of cheating, user-friendly dashboard Cons: 2% fee may be too much for some people Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), it’s based in the Czech Republic and ... The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team.
Bitcoin miner tutorial - Slushpool mining pool setup - YouTube
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