As per BTC.com,the companyclaimsto have mined more than 20%of all bitcoin blocks last year, will now employ new miningoptionsthrough its pool.btc.com portal,and canconjointlyoffer to mine Ethereum and Ethereum Classic along with API,the company mentioned in a press release . This service wouldpermitminersto changetheir hashing power from one poolto a another,counting onthe market.
This move as mentioned by the companyis an elementofan attemptto “help Ethereum scale its mining infrastructure.”
According to Bitmain’s project director ‘ZhongZhuang,’ the firm hopes “to expand Ethereum’s network by relaying rewards through our [Full Pay Per Share] system,”thatwould reward miners forcollaboratingwithin thepool.
Notably, the new poolscanembodyGPU andhardware (CPU)miningchoices,the announcementindicated, despitethe very factthat Bitmainofficialyinitiated itsethereum-focused application-specificmicrocircuit integratedASIC chips for Ethereum earlier this year.
Zhuang explained thatthe choiceto supplyGPU andhardwaremining comes from the depressedcostsacross the crypto market this year. Mentioning further he said that:
“GPU miners which are versatile but still profitable anddon’t seem to besimplyreplacedin the market.it is commonfor minersto invest intoeach. Also, there already ASIC miners for ETH and ETCthatare mucheasierto lineup for a dedicated Ethash mining which candefinitely save us from supportingan enormouslist of GPU coinsat the same time.”
Going forward, BTC.comcouldthinklaunching mining pools for the existing popular coinslikelitecoin, zcash and monero.Althoughno specific plans have been confirmed by the company at present times.