Bitmain Adds Ethereum (available on Coinbase) Mining Pool: The world’s largest Bitcoin (available on Coinbase) mining pool is cheating on Bitcoin (available on Coinbase). Bitmain’s BTC.com is expanding to add an Ethereum (available on Coinbase) mining pool which will initially support both Ethereum (available on Coinbase) and Ethereum (available on Coinbase) classic.
Users will now be able to switch their hashing power from one pool to another, in light of what’s happening in the market.
Bitmain Adds Ethereum (available on Coinbase) Mining Pool
The announcement was made earlier today from BTC.com, which has earned its place as the largest Bitcoin (available on Coinbase) mining pool in the world, having mined 21% of all Bitcoin (available on Coinbase) blocks last year.
Bitmain Project Director Zhong Zhuang
According to Bitmain project director Zhong Zhuang, the decision was made to “help Ethereum (available on Coinbase) scale its mining infrastructure.”
He furthered that the firm will “expand Ethereum (available on Coinbase)’s network by relaying … rewards through our system,”—a reward system where participants earn crypto for participating in the pool.
Mining Options
The new pools will offer GPU and CPU mining options as a reactionary measure to help deal with falling prices across the crypto market this year. This is despite the fact that Bitmain released its own Ethereum (available on Coinbase) Asics miner—the Antminer E3—earlier this year.