At Poolin we are happy to celebrate with our community across the world in welcoming the Year of the Metal Ox; to growth and prosperity!
The Chinese lunar calendar is traditionally known as the farming calendar, and as a cryptocurrency mining pool, we think of ourselves as number farmers. Miners draw electricity from the ground and from the air, from water and the sun to harvest bushels of decentralized transactions.
The Bitcoin mempool is the location where transactions get sorted for confirmation, however depending on a variety of factors that we will go over in this article, you may end up waiting for far too long.
Whenever the mempool is overloaded, we say that it has spiked i.e. there is a “mempool spike.” What this means in reality is that there are too many transactions to fit in the next Bitcoin block. Due to block size constraints, Bitcoin miners must have a way to prioritize transactions.
That is where fees come into play, and they are the culprit that’s preventing…
Poolin mining team traveled 3,500 kilometers and visited 21 mining data centers, which possesses 1.5GW power capacity.
The mining farms in North-West China host over half of the Bitcoin hashrate in the dry season. The stable electricity supply and Big Data-friendly Policy has turned the Chinese North-West a paradise for the Mining industry.
Check it all out in the video below!
We are happy to announce that Poolin will now support Horizen(ZEN) mining.
Horizens scalable platform enables businesses and developers to quickly and affordably create their own public or private blockchains on the largest node network in the industry.
To mine zen, please use these addresses below!
Visit Poolin.com to start mining ZEN today.
BCH has been forked into two chains, BCHN (for short BCH below) and BCHA at block height 661648 on Nov. 15th, 2020. We arrange as follows:
1. According to the snapshot balance at the time of the fork on Nov.15th, we will provide equal amount of BCHA.
2. Payment time: starting from Nov. 23rd, 2020, payment will be made on every Friday.
3. The BCH balance temporarily stored in Poolin mining pool due to the fork will be paid on Nov. 25th, 2020.
Please contact us if you have further questions.
Poolin has adjusted Ethereum (ETH) payment method from PPS+ 3% to PPLNS 1%.
PPLNS (Pay Per Last N Share): Profits will be allocated based on the number of shares miners contribute. This kind of allocation method is closely related to the block mined out. If the mining pool excavates multiple blocks in a day, the miners will have a high profit; if the mining pool is not able to mine a block during the whole day, the miner’s profit during the whole day is zero.
In the short term, the PPLNS mode has a great relationship with the pool’s luck…
We’ve rebranded our newsletter to Miner’s Digest ;)
These past two weeks in the world of mining have been tumultuous for cryptocurrency and Bitcoin in particular. With the end of the wet season, Chinese miners migrate to colder regions of the country to continue their operations.
As a result, we are looking at reduced activity in bitcoin mining. Which in turn, might extend the next difficulty adjustment period. Current projected adjustments point to a further difficulty decrease by 14%. …
Dear Poolin miners,
The Bitcoin Cash (BCH) network is expected to undergo a hardfork on the 15th of November, 2020. There are currently two competing fork proposals, Bitcoin Cash ABC (ABC) and Bitcoin Cash Node (BCHN). As per the latest data from Coin Dance , 76.3% of BCH blocks have signaled support for BCHN over the last 7 days, compared to 1.0% for ABC. In the event of a successful fork, users holding BCH prior to the fork will receive the new assets.
As such, to maintain the safety of user funds during the hardfork, Poolin will handle the hardfork…
Dear Poolin Wallet users,
The Bitcoin Cash (BCH) network is expected to undergo a hardfork on Nov. 15, 2020. There are currently two competing fork proposals, Bitcoin Cash ABC (ABC) and Bitcoin Cash Node (BCHN). As per the latest data from Coin Dance, 76.3% of BCH blocks have signaled support for BCHN over the last 7 days, compared to 1.0% for ABC.
In the event of a successful fork, users holding BCH prior to the fork will receive the new assets.
In order to ensure the safety of your assets, Poolin Wallet will handle the hardfork as per the following:
Bitcoin Difficulty Adjustment #323
Timestamp: UTC 00:19:52, Sunday, October 4th, 2020
Block Height: 651,168
Difficulty: 19.30 T — 0.09%
Average Network Hashrate: 138 EH/s
Average Block Time Interval: 601 seconds
Difficulty Period: 14.02 days
Hashprice: $0.077 per TH/d
Poolin Hashrate: 21.19 EH/s
Poolin Workers: 750,658
At the outset of this past difficulty period, Bitcoin’s network hashrate was trending slightly downward after hitting it’s new all time high. The mining network established a local low of 134 EH/s on Thursday, September 24th before bouncing up to a local top nearly a week later of a 143 EH/s last Wednesday…