Connect with us
[crypto-donation-box]

Blockchain

Bitminter Bitcoin Mining Pool Review

May 2018 update – While bitminter mining pool remains online, the mining pool mined less than 2 dozen blocks during all of 2017, and only 2 blocks in 2018 so far, so the information in this article may be out of date as it was originally published in 2015. A look at the Bitminter Bitcoin Mining Pool Please  note: This review is based on a relatively small amount of hashing, a few hundred ghs. The stats outlined in this review may not apply to larger miners. We hacked our antminer S1’s to mine nine pools concurrently, letting us run proportional power across

Republished by Plato

Published

on

May 2018 update – While bitminter mining pool remains online, the mining pool mined less than 2 dozen blocks during all of 2017, and only 2 blocks in 2018 so far, so the information in this article may be out of date as it was originally published in 2015.

bitminter-logo

A look at the Bitminter Bitcoin Mining Pool

Please  note: This review is based on a relatively small amount of hashing, a few hundred ghs. The stats outlined in this review may not apply to larger miners. We hacked our antminer S1’s to mine nine pools concurrently, letting us run proportional power across a wide variety of mining pools. This review is part of our series of bitcoin mining pool reviews.

Bitminter are a long established bitcoin mining pool that, in it’s time, mined over 195,000 bitcoin, but has been overtaken by many others in more recent time. However, they still continue to regularly find blocks, and have a steady group of miners keeping them finding blocks every couple of days.

The pool uses a scoring system to determine it’s payout. Shifts are divided into groups of 10, with a new shift starting when 1/10 of the current difficulty is passed, or a block is found. Payouts are based on a 1 terrahash proportion, and added to your account. Being an older pool, it has a long established group of miners on it, which are semi-active on various bitcoin places. The pool mines bitcoin and namecoin, and you can put your wallet address in to receive earnings. The payout threshold for bitcoin is pretty low, with automatic payouts at 0.01 bitcoin, and even if you only have a modest amount of hashing power, you can make an manual payment for amounts less than this.

One thing I noticed compared to pretty much every pool is that you can’t just register with an email address/password, or a bitcoin address. Instead, the pool allows forces you to sign up using open id, gmail and a wide range of accounts, although many social media ones like facebook and twitter aren’t included. This may turn off people who don’t want to share this information with the pool owners.

Once registered, you’re presented with a dashboard, and can start setting things up. The pool originally was set up to run a mining client for CPU’s and GPU’s, although these have been made redundant by ASICs. It does have a couple of different ways of monitoring your client, with in-screen and popout options, and a decent mix of information. However, it doesn’t feature 2FA as a security method.

The pool has a 1% fee, but has optional perks that you can get by increasing your donations, such as getting credited to your account before the block has confirmed. The pool also is still actively maintained with regular support, and an active presence on the forums. We had changed domain for our email address and had to email in the support address, and were very pleasantly surprised when within a couple of hours we got a friendly answer back and a solution to our login problem.

So in conclusion, Bitminter isn’t one of the biggest bitcoin mining pools on the network compared to when it started back in 2011, but having found over 6000 blocks in it’s time, and still doing so every day, it has a loyal base of users who are keeping it going, finding blocks regularly.

Still standing
  • Ease of Use
  • Payout threshold
  • Look and feel
  • Earning potential
  • Regularity of earnings
  • Security options

Summary

Having mined over 195,000 bitcoins in it’s time, Bitminter has slowed down somewhat. However, it’s still finding blocks, and if you’re mining regularly at it, it can pay out pretty well compared to others – if luck is with you

Our site is largely funded by affiliate links and advertising. If you click a link on our site we may receive renumeration. If you are using adblock, please whitelist us to support us, or if you’re a user of Tip us on Brave Browser Brave Browser, we’re a verified publisher, and welcome any tips!
User Review

3.8 (5 votes)

Source: https://bitcoinsinireland.com/bitminter-bitcoin-mining-pool-review/

Blockchain

Bitcoin Mining Company Vows to be Carbon Neutral Following Tesla’s Recent Statement

Republished by Plato

Published

on

It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles.

The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond.

Carbon Neutral Bitcoin Mining

After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future.

The company is committed to the cause, and it plans to invest in US-based renewable energy projects.

According to a recent press release, the company will also take part in the Regional Greenhouse Gas Initiative, which is a market-based program where participants sell CO2 allowances through auctions and invest the proceeds in renewable energy and energy efficiency.


ADVERTISEMENT

Speaking on the matter was Jeffrey Kirt, the CEO of the company, who said:

“Our bitcoin mining capability is already best-in-class and seamlessly integrated with our electricity generation that powers thousands of homes and businesses. By taking the bold and unique step of making or cryptocurrency mining fully carbon neutral immediately – as opposed to some distant date in the future – Greenidge is once again leading in environmental efforts.”

Musk’s Message Resonates

Greenidge’s announcement comes days after the leading electric vehicle manufacturer, Tesla, revealed that it would no longer support bitcoin payments. As a reason for its decision, the company cited environmental concerns related to bitcoin mining.

Elon Musk, the company’s CEO, confirmed and reiterated that he is bullish on crypto but so long as it doesn’t have a negative environmental impact.

The company also said that it’s looking for ‘greener’ alternatives to Bitcoin so that it can continue accepting crypto payments. This led to many speculations about which cryptocurrency it would choose. Shortly after, Musk said that he’s working closely with Dogecoin developers to improve transaction efficiency, causing many to believe that the meme-inspired coin might be Tesla’s choice.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-mining-company-vows-to-be-carbon-neutral-following-teslas-recent-statement/

Continue Reading

Blockchain

There is something different this time around for MATIC and ETH

Republished by Plato

Published

on

MATIC’s growth has been community and developer-driven. Trading at the $1.13 level and registering 27% gain in price in the past 24 hours, MATIC’s rally is an extended one, leading the altcoin season 2.0. However, there is something different this time around, MATIC is currently rallying alongside ETH, more as an ally, than a competitor. With ETH’s price above the $3700 level, and MATIC’s rally, the alt season has offered several opportunities, consolidating alts and rallies following closely after.

Here's why traders are bullish on MATIC and ETH

MATIC network || Source: Twitter

Since the release of the latest transparency report on Polygon Multisigs, Polygon has become more relevant and there is increased demand for the altcoin across exchanges. Multisigs are used by top projects that have the feature of updating smart contracts. This is not the case for Ethereum, since smart contracts on Ethereum are immutable by design ie. they can not be changed once deployed.

However, this feature also means that if there is an inherent error or potential exploit in the code, there is no way to fix it. Upgradeable contracts are needed and that’s where Polygon’s narrative fits in, making it a much-needed scaling solution and an upgrade on ETH.

The current network statistics for MATIC are looking bullish since there are over 65.8 Million total transactions in over half a million wallet addresses and at $10.4 Billion market capitalization. The trade volume has increased consistently since the beginning of 2021 and more buyers are lining up across spot and derivative exchanges.

The demand for MATIC and the number of transactions have increased and are expected to increase to the level of Ethereum before the end of the alt season. The increase in wallet addresses and unique users is a direct measure of MATIC’s demand as an L2 scaling solution for the #1 altcoin in the crypto market.

The competition with ETH is no longer as intense, considering the fact that ETH’s increasing popularity contributes to the network growth and inflow of investment to MATIC. MATIC’s transaction volume largely depends on ETH’s network and the fact that ETH needs a scaling solution despite the launch of L2, has led to a symbiotic relationship between the two altcoins.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/there-is-something-different-this-time-around-for-matic-and-eth

Continue Reading

Blockchain

BSC Daily Transaction Rate Grows to 12 Million, 8X of Ethereum Network

Republished by Plato

Published

on

advertisement
Pointpay


Binance Smart Chain (BSC), the native network of the Binance network has registered another record in terms of daily transactions processed by the network reaching a massive 12 million mark today. What makes this record even more surreal is the fact that the current BSC transaction processing capacity is 8X the network capacity of Ethereum.

advertisement

Merchant Token

BSC gained a lot of popularity towards the end of March as the gas fee on the Ethereum network started touching ATHs that made many Defi protocols barely usable. The network congestion on Ethereum made BSC the go-to option for ERC-20 traders both Defi and spot traders. Ethereum network since then has recovered but in comparison still has a significantly higher transaction fee.

BSC has now become the go-to option for a majority of the new launching Defi protocols and many existing ones have also added cross-chain support. While many Ethereum proponents point towards the obvious centralized nature of BSC and amid growing popularity has also become the center of many rugs pulls and exit scams.  However, despite the obvious shortcomings the efficiency of the network has made it the leading ERC-20 processor.

advertisement

BNB Consolidating Under $600

Binance Coin (BNB), the native token of BSC which was launched as the utility token for the Binance exchange also benefitted from the growing popularity of the native chain as its price surged by 15X since February end. BNB was trading under $50 when the BSC frenzy began and reached a new ATH of $690 last week. The price of the altcoin is currently trading at $578 consolidating under $600. BNB also broke into the top-3 cryptocurrency ranking after its massive gains over the past couple of months.

BNB and BSC have emerged as the biggest gainers of the 2021 bull season as Binance continues to break into new markets and have an immediate impact.

To keep track of Crypto updates in real time, Follow us on Twitter & Telegram.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Handpicked Stories

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coingape.com/bsc-daily-transaction-rate-grows-to-12-million-8x-of-ethereum-network/

Continue Reading
Blockchain5 days ago

Billionaire Druckenmiller says ledger-based system could replace USD worldwide

Blockchain5 days ago

Bitcoin Vault inks major deal with ESE to co-produce Gaming & Esports Talent Show in five countries

Blockchain5 days ago

XRP Lawsuit ramifications: Is the SEC hurting the same community it vows to protect?

Blockchain4 days ago

First Spot: Coinbase’s App Surpassed TikTok, Instagram, and Facebook on iOS in the US

Blockchain4 days ago

Raze Network Kicks Off Testnet Phase With UI Community Voting

Blockchain4 days ago

dotmoovs Raises $840,000 From Strategic Investors and Partners

Blockchain5 days ago

The challenges with designing a CBDC, explained

Blockchain4 days ago

How did Internet Computer (ICP) become a top-10 cryptocurrency overnight?

Blockchain5 days ago

Block.one and partners raise $10B to launch EOS-based crypto exchange: Bullish Global

Blockchain4 days ago

Casper Network’s CSPR Spot Trading Now Open on OKEx

Blockchain4 days ago

When dollars meet the hype: The biggest NFT hits from celebrities

Blockchain4 days ago

PARSIQ Integrated Into Polkadot For Smart Triggers Across the Relay Chain

Blockchain5 days ago

Uniswap flips Bitcoin on daily revenue… and it’s more impressive than you think

Blockchain3 days ago

US Investment Bank Cowen to Offer Crypto Custody Services

Blockchain5 days ago

Polkadot, Cosmos, Bitcoin Cash Price Analysis: 11 May

Blockchain4 days ago

DeFi lending platform Aave reveals “private pool” for institutions

Blockchain4 days ago

From cypherpunk to state contracts: the changing face of blockchain

Blockchain4 days ago

TA: Ethereum Overcame Odds With New High, Here’s Why ETH Could Test $4.5K

Blockchain5 days ago

eBay Now Allows the Sale of NFTs on its Platform

Blockchain4 days ago

MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations

Trending