RATE Group | Canadian Bitfarms Launches Public Bitcoin Mining Pool
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Canadian Bitfarms Launches Public Bitcoin Mining Pool

18 Oct Canadian Bitfarms Launches Public Bitcoin Mining Pool

Posted at 19:52h in Bitcoin News by

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Bitcoin miners now have a new mining pool available to join efforts in harvesting cryptocurrency. Bitfarm Technologies has commercially launched Bitfarms Pool, a new Bitcoin mining pool. The platform runs on company’s proprietary redundant and custom server architecture.

The principle behind a Bitcoin mining pool is that all the users “pool” their computing resources together. The total processing power of all the computers connected to the platform is available to all the miners. The benefits (block rewards) are split in proportion to the amount of work each of them contributed to the probability of identifying a block.

Incentives for New Users

The blockchain company has created an incentive program for the first members to join its Bitcoin mining pool. Users who join before November 15, with over 5 terahash, will enjoy a lifetime 0% fee on PPS (pay per share) block rewards and block transactions.

The Bitcoin mining platform also offers a competitive deal for those…

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