BTC.com, which is backed by the largest mining equipment manufacture Bitmain, claims to have produced 21 percent of all newly-mined bitcoins in the last year. Now it wants \u201cto help Ethereum scale its mining infrastructure.\u201d<\/p>\n
BTC.com currently accounts for over 17 percent of the computing power driving Bitcoin. Similarly, it makes up around 14 percent of the Bitcoin Cash network.<\/p>\n
![\"World\u2019s](\"http:\/\/forklog.media\/wp-content\/uploads\/2018\/08\/btc-pools-distribution-18-08-30.png\")
BTC.com is the world\u2019s largest bitcoin pool, having produced 17.6 percent blocks over the past four days \/ Source: Blockchain.com<\/p><\/div>\n
Earlier this year, Bitmain released Antminer E3, the first ASIC miner that is capable of mining Ether and other currencies using the Ethash algorithm. Prior to that Ethash had been resistant to ASICs, meaning that Ether could only be mined using CPUs or GPUs found in gaming computers.<\/p>\n
Nevertheless, the new pools will include GPU and CPU mining options.<\/p>\n
\u201cEthereum is BTC.com\u2019s first step in diversifying its mining portfolio to include more GPU\/CPU mining options for its users,\u201d<\/strong> the company said.<\/p><\/blockquote>\n
Somewhat surprisingly, BTC.com insists that it is not concerned about Ethereum\u2019s planned transition to Casper, a Proof-of-Stake (PoS) consensus algorithm that will replace its current consensus model secured by the Proof-of-Work-based (PoW) Ethash algorithm.<\/p>\n
\u201cIt\u2019s still possible to host a mining pool in PoS mode. It will increase the complexity to design such a pool since miners need to deposit ether to the mining pool, but we have a lot of hands-on experience with wallet and Ethereum smart contracts to make a PoS mining pool possible,\u201d<\/strong> Zhuang Zhong, Director of BTC.com\u2019s mining pool, said.<\/p><\/blockquote>\n
Last year, Ethereum\u2019s founder Vitalik Buterin suggested<\/a> that the network\u2019s switch to PoS might drive miners out of business.<\/p>\n
\u201cWhen we transition to Proof-of-Stake, the need for Ethereum mining will abruptly decrease at the very first phase. Proof-of-Stake employs an algorithm that doesn\u2019t require many computers to run computations all the time. It\u2019s the algorithm that uses a token within the platform, thus making consensus much cheaper and safer. In fact, it might drive miners out of business,\u201d<\/strong> he said back then.<\/p><\/blockquote>\n
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BTC.com, the world\u2019s largest Bitcoin mining pool, has announced it is expanding its offerings to include Ethereum (ETH) and Ethereum Classic (ETC).<\/p>\n","protected":false},"author":1,"featured_media":5724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[426,856,46,476,29],"class_list":["post-5719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmain","tag-btc-com","tag-ethereum","tag-ethereum-classic","tag-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"295","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=5719"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5719\/revisions"}],"predecessor-version":[{"id":5725,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/5719\/revisions\/5725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/5724"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=5719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=5719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=5719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}