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The largest bitcoin-pool will mine Ethereum and Ethereum Classic


The largest mining pool of will soon add support for Ethereum and Ethereum Classic.

In the near future, the Mining Pool, owned by the Chinese company Bitmain, intends to offer its users the opportunity to mine two cryptocurrencies: Ethereum and Ethereum Classic. Miners will be able to switch their capacities from one currency to another, depending on the situation on the market.

As stated in the press release of the company, this step is aimed at helping the Ethereum network in the scalability of the infrastructure for mining. According to the project director at Bitmain Zhong Zhuang, the Ethereum and Ethereum Classic miners will receive a Full-Pay-Per-Share (remuneration-based compensation method, with the pool distributing transaction fees between the miners, which adds 10-20% of their income).

Despite the fact that Bitmain has released ASIC-miner for Ethereum, the pool leaves the option of mining with the help of GPU and CPU. “Mining on the GPU is universal and everything is still profitable, and they are not so easy to replace in the” bearish market ” “, explained Zhuang.

At the same time, he noted that already many miners switched to ASIC-devices that mine coins on the ethash algorithm, which are easier to configure, Zhuang added.

Looking to the future, Zhuang noted that does not exclude the possibility of running the mining of other popular cryptocurrencies. Among them are Litecoin, Zcash, and Monero.

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