Mining Pool Hits Milestone, Gaining 1% Global Hashrate

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The mining pool is currently in private beta testing following its announcement on September 21, 2016. In just over two weeks, the mining pool has already established nearly 1 percent of the hashrate across all bitcoin miners in the world.

Also Read: ‘Bitcoin Unlimited’ Reveals $500k Donation, Formal US Registration

The mining pool was founded by owner Roger Ver. It uses the Bitcoin Unlimited protocol, an alternative client, along with other clients, such as Bitcoin Core and Bitcoin Classic.

Bitcoin mining pool

The reason the mining pool chose to run the Bitcoin Unlimited software is that it doesn’t limit network throughput, allowing miners to set their own block size. Essentially, Bitcoin Unlimited lets the market decide the block size limit.

As first published by Ver on the bitcoin forum, the mining pool recently mined its tenth block and has nearly 1 percent

Read more ... source: TheBitcoinNews

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