The New 110% Unlimited Bitcoin.com Mining Pool is Now Open to Everyone

The New 110% Unlimited Bitcoin.com Mining Pool is Now Open to Everyone

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Bitcoin.com is pleased to announce that our new mining pool is coming out of private beta and is available to the public from today. The Bitcoin.com Mining Pool is giving miners a unique opportunity to join a growing pool that has one of the most profitable incentive systems for miners around.

Also Read: Historic Day For Bitcoin As Bitcoin.com Pool Starts Mining

Bitcoin.com’s Mining Pool Leaves Private Beta

Bitcoin.com Mining Pool is Now Open to the PublicThis past September Bitcoin.com started mining with its very own pool and mined its first block, 430757, on Wednesday, September 21, 2016. The following month our mining pool steadily increased its hashrate capturing 1 percent of the global network in October. Since then the pool’s computational power has increased, currently running at 80 Ph/s and handling 2.456 percent of the global hashrate.

Bitcoin.com pool operators to the left, a CEO in the middle and a couple of happy miners on the right.

Bitcoin.com’s Chief Technical Officer, Emil Oldenburg, who helped get the mining pool up and running gives our readers some insight about the pool. Oldenburg tells us he helped develop the pool with Bitcoin.com’s developer Shaun Chong, and Bitcoin Unlimited developers Andrew Stone and Andrea Suisani. Furthermore, the CTO explains the new pool offers miners incentives like no other mining program and encourages people to join the group.

“We are paying more on Pay-Per-Share (PPS) than any other pool,” explains Oldenburg. “We pay a 110% block reward, and charge 0% fees for PPS and Pay Per Last N Shares (PPLNS). Bitcoin.com’s mining pool pays PPS directly instead of giving miners some fees after the blocks are mined. Our reward scheme is simpler and is guaranteed to make the miner more money regardless of luck.”

A Unique Reward System, and an Aim to End Transaction Congestion

Bitcoin.com’s Mining Pool is also the world’s first large pool fully dedicated to Bitcoin Unlimited. Oldenburg details the operations are global with servers in the U.S., China, and Europe. Additionally, Bitcoin.com’s mining pool has fast block transmission times using a global relay network built on Bitcoin Unlimited Xthin and Xpedited blocks.

Today begins the first invite to the general public, offering a mining pool with a significant incentive for miners. Moreover, Bitcoin.com’s Mining Pool is leading the change for bigger blocks by voting with hashpower to end congestion within the network. In addition to the pool, Oldenburg reveals that a transaction accelerator platform is also coming in the near future.

We plan to build a transaction accelerator very soon as well. This congestion is causing massive problems on all fronts in the Bitcoin ecosystem.

Oldenburg added, “I really wish transaction accelerators weren’t necessary. We need to remove the block size from the consensus code like Bitcoin Unlimited has done and let the blocks be as big as necessary. This will lead to a healthier and more innovative discussion on blockchain and transaction optimizations. We can’t fix the congestion by building a transaction accelerator; we must raise the block size limit.”

Unlimited
Shortly after being launched Unlimited enjoyed almost a 30% support from global mining pools.

For more information about Bitcoin.com’s Mining Pool, there is an official discussion thread located in our forum here, and people can also email us at pool@bitcoin.com for questions and support. Get started now at pool.bitcoin.com.


Images courtesy of Bitcoin.com


Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They’re pretty cool, and you can customize by size and color. The widgets include price-only, price and graph, price and news and forum threads. There’s also a widget dedicated to our mining pool, displaying our hash power.

  • Roger Ver

    The pool is also available in three languages! English, Spanish and Chinese!

    • Patrick Miller

      Bueno suerte amigo

  • Finite Maz

    Lol, BU is literally trying to buy hashpower for support. Roger Ver, you messed up there… You are spiraling out of control, and this is something you can’t come back from. RIP.

    • Zyo

      I think anyone have the intention to come back from either side… this is so polarized that the best think that could happened is a fork where everyone can go on their side and do what they want.

  • Rob Neumann

    10% of nothing is nothing.

    • Zyo

      Mining bitcoin is far from nothing and 10% is HUGE is this industries…

    • Rob Neumann

      Nothing is what BTC will be worth with a hard fork

  • Paul Bond

    If BU goes live I’ll have to stop being a node in a couple of months and it will be one more clod of green earth that is a loss for all.

    I don’t believe hashpower should decide this, but Bitcoin users.

    Would you want to laws of the road to be dictated by Lamborghini owners only? or as part of the whole?

  • Patrick Miller

    How come BU has to backport features from Core, but not vice versa?

  • Patrick

    110% payout? so this company’s business plan is to operate at a loss?

    • D1ldoBaggins

      This guys comment shows how retarded core supporters are, lol, thinks 110% payout = loss.

  • spiroseliot

    who cares?

  • Jose Alejandro Abreu

    This seems too similar to the subsidies politicians promise in exchange for votes. Will the incentive remain after a fork or are we going to have Bitcoin behaving like politics?