As per BTC.com, the company claims to have mined more than 20% of all bitcoin blocks last year, will now employ new mining options through its pool.btc.com portal, and can conjointly offer to mine Ethereum and Ethereum Classic along with API, the company mentioned in a press release . This service would permit miners to change their hashing power from one pool to a another, counting on the market.
This move as mentioned by the company is an element of an attempt to “help Ethereum scale its mining infrastructure.”
According to Bitmain’s project director ‘Zhong Zhuang,’ the firm hopes “to expand Ethereum’s network by relaying rewards through our [Full Pay Per Share] system,” that would reward miners for collaborating within the pool.
Notably, the new pools can embody GPU and hardware (CPU) mining choices, the announcement indicated, despite the very fact that Bitmain officialy initiated its ethereum-focused application-specific microcircuit integrated ASIC chips for Ethereum earlier this year.
Zhuang explained that the choice to supply GPU and hardware mining comes from the depressed costs across the crypto market this year. Mentioning further he said that:
“GPU miners which are versatile but still profitable and don’t seem to be simply replaced in the market. it is common for miners to invest into each. Also, there already ASIC miners for ETH and ETC that are much easier to line up for a dedicated Ethash mining which can definitely save us from supporting an enormous list of GPU coins at the same time.”
Going forward, BTC.com could think launching mining pools for the existing popular coins like litecoin, zcash and monero. Although no specific plans have been confirmed by the company at present times.