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Author Topic: One of Bitcoin's Biggest Miners is Launching a Second Pool  (Read 1095 times)
davis196
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September 15, 2016, 12:17:48 PM
 #21

As if running the third-largest bitcoin mining pool wasn't enough, China-based Bitmain announced the launch of its second mining pool yesterday.

Unlike the other large mining pools, though, the new offering (launched through its subsidiary BTC.com) will be open sourced to its community of users. According to Bitmain, the pool is not meant as a replacement for its popular Antpool platform (which has roughly 13% of the network's market share) but rather to enhance the stability of the bitcoin network.

In interview, Nisthant Sharma, international marketing manager at Bitmain, explained that the goal is to use this software to "promote decentralization of the bitcoin mining network".

More @ http://bitts.in/Vh4f

This is good news, i guess.

Mining is still profitable in China and they want to expand and grow.

Too sad that mining isn`t profitable in the western world. Sad

franky1
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September 15, 2016, 01:35:02 PM
Last edit: September 15, 2016, 02:03:47 PM by franky1
 #22

Let's take the banking sector as a example. In 1896 several banks in London and the English provinces, notably Backhouse's Bank of Darlington and Gurney's Bank of Norwich, united under the banner of Barclays and Co., a joint-stock bank. They eventually changed their name and started to trade under the Barclays name headquartered in London.

This is how monopolies are formed. They start out trading as individuals and when the company decide to change strategy, they join together to form one multinational system. ^hmmmmmm^

dont forget barclays now owns
Lehman brothers
ING
ABSA
and a dozen other international banks.

but here is the part you really need to keep quiet.. the core-blockstream-PwC-barclays connection.. dont mention the bankers connection to core or you will get rekt and get told that you must be a banker employee and core (paid) devs are innocent

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
lumeire
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September 15, 2016, 05:11:01 PM
 #23

In the end they simply want to silently claim the majority. It's business after all.

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Yakamoto
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September 15, 2016, 05:17:45 PM
 #24

In the end they simply want to silently claim the majority. It's business after all.
They can have 99% of the total hashing power, and while they would be able to make a lot more decisions and sway how the technology would be advanced, as long as they stay in split pools it isn't that bad of a thing. While I am not in favour of them having a majority of the hashing power, as long as they don't screw over a lot of what's happened and get power hungry, I'm fine with it.
calkob
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September 15, 2016, 09:52:31 PM
 #25

And why not it is not up to anyone to say who can and cannot take part in bitcoin  Cheesy
franky1
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September 15, 2016, 10:03:10 PM
 #26

And why not it is not up to anyone to say who can and cannot take part in bitcoin  Cheesy

your right. they are free to do what they like. but lets atleast not say its gonna help decentralization. lets atleast be frank and "call a spade, a spade"

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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