While prices of cryptocurrency are more or less moving at significantly lower levels than their contiguous ATH, mining alone (especially that mined by mining giants) is growing at a rapid pace. Companies such as Bitmain, Canaan, EBang and others are trying to gain a dominant position in this area.
BTC.com is also ready for the Proof of Stake consensus
Bitmain, the most valuable kryptomeni mining company, has announced that its subsidiary BTC.com will open a mining pool for Ethereum and Ethereum Classic.
According to a statement published by The Next Web, BTC.com, Zhuang Zhong, Exciting Process Manager, expects the BTC.com mining pool to acquire around 12% of the Ethereum hashout over the next twelve months.
BTC.com promises that the new pool will support the extraction of cryptocurrency Ethereum (ETH) and Ethereum Classic (ETC). Users will be able to automatically switch between these two assets in order to maximize their profitability.
BTC.com's chief executive also noted that the new pool is likely to support the long-awaited integration of the Casper Protocol. This is to bring a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus.
BTC.com, which claims to have used up 21% of all Bitcoins' newcomers in the past year, is now focusing on diversifying its portfolio of services, according to Zhong. His attention is also focused on crypto Monero.
conclusion
Beginning April this year, Bitmain released the first ASIC miner designed to extract Ethereum, respectively to extract all cryptocurrency using the EtHash algorithm. The Antminer E3 device was sold for about $ 800 at the time of launch.
Upon announcement of the development of this model, the community said it would not object to the Etherea hard force if it would provide the resistance of this cryptome to the ASIC devices. At present, however, there is no shift in this direction and Antminer E3 owners can continue to benefit from this crypto.
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