🚀 Sun.io Reduces Gas Fees for SUN Boost Mining Pool by 99%
#Sunio #GasFees #MiningPool #SUNBoost #MemeToken #SunSwap #CryptoNews
According to Foresight News, SUN.io has officially announced a significant reduction in gas fees for its SUN Boost mining pool, cutting the fees by 99%. Users now only need to pay 1% of the gas fees to participate in Meme token mining. Additionally, the transaction fees on SunSwap V2 have also been reduced to 1%.#Sunio #GasFees #MiningPool #SUNBoost #MemeToken #SunSwap #CryptoNews
🚀 ZKTo Completes FPGA Mining Pool Test for Zero-Knowledge Processor Units
#ZKTo #FPGA #MiningPool #ZeroKnowledge #ProcessorUnits #ZPU #Aleo #PoSW #ChipDevelopment #TechNews #Cryptocurrency #Blockchain #PoW #BTC #ETH
According to Foresight News, zero-knowledge proof hardware acceleration infrastructure ZKTo (ZKT, zkto.xyz) has recently announced the successful completion of the FPGA mining pool joint debugging test for its specialized Zero-Knowledge Processor Units (ZPU) chip based on Aleo's latest PoSW puzzle instruction set algorithm. This milestone is a significant step before the chip's tape-out and is scheduled for mass production in the first quarter of 2025.
The ZPU chip utilizes a 12nm process technology and supports programmable design, distinguishing it from fixed hardware function ASIC versions like those used for BTC and ETH. This adaptability allows the chip to accommodate future adjustments to Aleo's PoSW puzzle instruction set algorithm, mitigating the risk of computational power obsolescence. Additionally, the chip can be reprogrammed to adapt to other similar instruction set algorithms for PoW projects.#ZKTo #FPGA #MiningPool #ZeroKnowledge #ProcessorUnits #ZPU #Aleo #PoSW #ChipDevelopment #TechNews #Cryptocurrency #Blockchain #PoW #BTC #ETH
🚀 MARA Pool Achieves Highest Bitcoin Output Since January
#MARA #Bitcoin #Mining #Crypto #Blockchain #BTC #HashRate #MiningPool #Cryptocurrency
According to Odaily, leading Bitcoin mining company MARA's mining pool, known as MARA Pool, achieved a significant milestone in November by mining 820 BTC, marking the highest output since January. Network data reveals that during November (UTC time), MARA Pool successfully mined 254 Bitcoin blocks, earning 793.7 BTC from block subsidies and an additional 26.7 BTC from transaction fees. This notable increase in monthly production is partly attributed to reduced operational uptime earlier this year.
In November, the average hash rate of the Bitcoin network was recorded at 731 EH/s. MARA Pool's block production suggests an actual hash rate of 42.7 EH/s, indicating that the company installed additional mining machines during the month. This development is significant as MARA had reported an operational capacity of 40.2 EH/s at the end of October, highlighting the expansion of their mining capabilities.#MARA #Bitcoin #Mining #Crypto #Blockchain #BTC #HashRate #MiningPool #Cryptocurrency
🚀 Digital Currency Group Splits Foundry Mining Operations Into Two Entities
#DigitalCurrencyGroup #Foundry #FortitudeMining #BitcoinMining #MiningOperations #BusinessRealignment #Subsidiary #MiningPool #WorkforceReduction #BTC
According to Odaily, Digital Currency Group (DCG) has announced the division of its Foundry mining operations into two separate entities: Fortitude Mining and Foundry. Fortitude Mining will take over Foundry's previous self-mining activities and physical infrastructure, while Foundry will continue to manage its mining pool operations and other Bitcoin mining services. This strategic move is part of DCG's efforts to realign its business for future growth.
In a letter to shareholders, DCG expressed confidence that Fortitude, as an independent entity, will be stronger and more effective. Consequently, Fortitude will become a wholly-owned subsidiary of DCG. To ensure a smooth transition, DCG plans to integrate some of Foundry's leadership into the new subsidiary. Additionally, DCG intends to recruit external employees to provide further support and raise funds. Fortitude has already begun requesting invoices from hosting service providers for the new entity, a process that has been ongoing for at least a month.
Previously, it was reported that Foundry, the world's largest Bitcoin mining pool, underwent a restructuring process that resulted in a 27% reduction in its workforce. This downsizing affected 16% of Foundry's employees in the United States and some team members in India.#DigitalCurrencyGroup #Foundry #FortitudeMining #BitcoinMining #MiningOperations #BusinessRealignment #Subsidiary #MiningPool #WorkforceReduction #BTC
🚀 Foundry USA Pool Returns Bitcoin Transaction Fee After Error
#FoundryUSA #Bitcoin #MiningPool #TransactionFee #Refund #Blockchain #Cryptocurrency #BTC #HashRate
According to Odaily, Foundry USA Pool, the leading Bitcoin mining pool by total hash rate, has refunded a mistakenly paid Bitcoin transaction fee valued at approximately $777,000 (8.18 BTC). On December 19, Foundry USA Pool mined Bitcoin block 875475, which included a transaction with an attached fee 91,127 times higher than necessary. On Friday, Foundry announced on social media that it had contacted the sender who 'unintentionally' paid the fee. The mining pool confirmed that after 'careful consideration,' it decided to return the transaction fee to the sender. Otherwise, the fee would have been distributed among the mining clients contributing hash power to Foundry. Foundry emphasized that this decision was made thoughtfully and stated it would continue to handle such cases individually. This incident is not the first time a major Bitcoin mining pool has refunded an unusually high transaction fee due to an error. In November 2023, Antpool returned a transaction fee of 83.6 BTC, valued at $3.1 million at the time. Currently, Foundry USA Pool's hash rate is approximately 280 EH/s, nearly double that of its closest competitor, Antpool.#FoundryUSA #Bitcoin #MiningPool #TransactionFee #Refund #Blockchain #Cryptocurrency #BTC #HashRate
🚀 Foundry Expands Operations With Rootstock Merge Mining
#Foundry #Rootstock #Bitcoin #MergeMining #Crypto #MiningPool #Blockchain #SmartContracts #EnergyEfficiency #BitcoinEcosystem #BTC
According to CoinDesk, Foundry, the leading Bitcoin mining pool by hashrate, has announced its strategic move to diversify operations by enhancing the security of the Bitcoin layer-2 network, Rootstock, through merge mining. This approach allows miners to mine multiple cryptocurrencies using the same hashing algorithm without affecting mining efficiency.
The initiative introduces 740 exahashes per second to secure Rootstock transactions, which accounts for approximately 80% of the total computing power currently safeguarding the Bitcoin network. This development presents a new revenue stream for Foundry, as Bitcoin mining pools that engage in merge mining can earn 79% of Rootstock’s transaction fees, paid in rBTC, while utilizing their existing Bitcoin mining infrastructure.
By adopting merge mining, Foundry not only strengthens Rootstock’s security but also does so without incurring additional energy costs. This contributes to a more resilient and innovative Bitcoin ecosystem. Rootstock, a Bitcoin layer-2 network, enhances the network's security while integrating smart contract functionality and compatibility with the Ethereum Virtual Machine.#Foundry #Rootstock #Bitcoin #MergeMining #Crypto #MiningPool #Blockchain #SmartContracts #EnergyEfficiency #BitcoinEcosystem #BTC
🚀 Tether to Deploy Computing Power on OCEAN Bitcoin Pool
#Tether #OCEAN #Bitcoin #miningpool #decentralization #transparency #infrastructure
According to Odaily, stablecoin issuer Tether has announced plans to deploy its current and future computing power on the OCEAN Bitcoin pool. The OCEAN mining pool was founded by Bitcoin Core veteran developer Luke Dashjr. This strategic move underscores Tether's commitment to enhancing the resilience, transparency, and decentralization of Bitcoin infrastructure.#Tether #OCEAN #Bitcoin #miningpool #decentralization #transparency #infrastructure
🚀 Solo Bitcoin Miner Wins Block Reward, Boosting Decentralization
#BitcoinMining #SoloMiner #Decentralization #PublicPool #SelfSovereignty #Bitcoin #MiningPool #Umbrel #BitcoinBazaarX #HashPower #OpenSource #Transparency #Bitaxes #BitMaker #BitcoinASIC #BTC
According to Cointelegraph, a solo Bitcoin miner has recently achieved a significant milestone by winning a block reward worth $347,455, often referred to as the 'Bitcoin mining lottery.' This achievement was facilitated through the Public Pool Bitcoin mining pool, where the miner earned a 3.125 Bitcoin (BTC) block reward along with an additional 0.016 BTC transaction fee. The event occurred at block height 920,440 on Thursday at 7:32 pm UTC, as indicated by data from Mempool.space.
Solo Bitcoin miners occasionally secure blocks, but this instance stands out due to the miner's ability to accomplish the feat independently by operating a solo mining pool. This approach contrasts with the more prevalent method of pooling hash power with other miners. Umbrel, a Bitcoin node infrastructure company, emphasized the miner's self-sovereignty, stating, 'No middlemen. No third-parties. Just pure self-sovereignty in action.' The Bitcoin Bazaar X account echoed this sentiment, highlighting the miner's total sovereignty achieved by hosting their own mining pool on an Umbrel Server.
The rise in solo Bitcoin miners successfully solving blocks is seen as a positive development for Bitcoin's decentralization. It provides smaller miners with a better opportunity to compete against large industrial-scale miners, many of which are publicly traded entities. This trend coincides with an increase in smaller-sized Bitcoin miners, such as Bitaxes, which have gained popularity in recent years. These miners are available at prices ranging from $155 to over $600, depending on their terahash-per-second capacity.
Despite their relatively modest contribution to Bitcoin's overall hash rate, these pocket-sized machines have been open-sourced to counter the 'secrecy and exclusivity' associated with larger Bitcoin miners, which typically utilize closed-sourced Bitcoin ASICs. A spokesperson from BitMaker shared this perspective with Cointelegraph in 2023, emphasizing the importance of open-sourcing to promote transparency and inclusivity within the Bitcoin mining community.#BitcoinMining #SoloMiner #Decentralization #PublicPool #SelfSovereignty #Bitcoin #MiningPool #Umbrel #BitcoinBazaarX #HashPower #OpenSource #Transparency #Bitaxes #BitMaker #BitcoinASIC #BTC
🚀 KuPool Appoints New COO to Enhance Mining Operations
#KuPool #COO #QiuXiaodong #MiningOperations #Cryptocurrency #LTC #DOGE #MiningPool #ComputingPower #Blockchain #CryptoNews
According to BlockBeats, KuPool has announced the appointment of Qiu Xiaodong as the new Chief Operating Officer. Qiu, who previously served as the Marketing Director and Head of Business Development at Spark Pool, brings extensive industry knowledge and mining pool operation experience to his new role. His appointment is expected to drive growth in mining pool operations for major cryptocurrencies like LTC and DOGE.
Qiu's expertise is anticipated to accelerate the platform's development, improve the profitability and competitive edge for global mining clients, and strengthen KuPool's leadership in the computing power sector. Currently, KuPool's total mining pool computing power continues to increase, with LTC and DOGE mining consistently ranking fourth worldwide.#KuPool #COO #QiuXiaodong #MiningOperations #Cryptocurrency #LTC #DOGE #MiningPool #ComputingPower #Blockchain #CryptoNews
🚀 ViaBTC Introduces Features for Enhanced Crypto Mining in 2026
#ViaBTC #CryptoMining #Cryptocurrency #MiningPool #Automation #SmartMining #WalletIntegration #MiningProfitability #BlockchainTechnology #NS3AI
ViaBTC has unveiled a series of features for its mining pool, designed to enhance predictability, profitability, and automation in cryptocurrency mining by 2026. According to NS3.AI, these features include various payout options, automated revenue tools, smart mining capabilities, and integrated wallet services aimed at providing miners with a more streamlined and efficient mining experience. The initiative reflects ViaBTC's commitment to advancing mining technology and supporting the evolving needs of the crypto mining community.#ViaBTC #CryptoMining #Cryptocurrency #MiningPool #Automation #SmartMining #WalletIntegration #MiningProfitability #BlockchainTechnology #NS3AI