Author: Nishant Sharma (page 2 of 2)

BTC.com Launches New Open-source Mining Pool with Zero Mining Fee!

Bitmain’s BTC.com, the free bitcoin block explorer, analytics tool and bitcoin wallet, has launched an open-source bitcoin mining pool and is charging no mining fee until 2017.

With the launch of this open-source mining pool, the BTC.com team hopes to set new technical standards for mining pools and remove barriers that limit the efficiency or ease of mining pools.

To ensure stability and efficiency, the BTC.com mining pool has been tested for upto 180,000 miners (or workers) by using software simulators that replicate the load of real workers. If each worker is assumed to have the hashrate of an Antminer S9, that would make the total hashrate of this simulation more than that of the entire bitcoin network.

The BTC.com pool has many firsts for any mining pool:

  1. A “PoolWatcher” function to “listen” to other mining pools for newfound blocks and starts mining at the next height after a block has been found on any pool. This reduces the number of orphaned blocks and increases the productivity of the pool.
  2. A “BtcAgent” software that allows mining farm owners or miners with multiple workers to view every worker in their LAN on the mining pool. This software can be downloaded from GitHub, like the rest of the BTC.com mining pool source code.
  3. Users can see the real-time stats on the pool immediately after connecting their worker. This eliminates the long wait to see the stats of your new worker on the mining pool.
  4. Payouts are calculated almost instantly.

To reduce latency of newly mined blocks and increase robustness, the BTC.com mining pool has independent server clusters in China and USA with more clusters planned for Europe and North America.

btccom launches new mining pool

I accessed this website from within China so it was automatically redirected to the China server cluster. For users accessing the new pool website from outside China, the hashrate shown will be significantly lower.

The BTC.com mining pool has a full-feature mobile app available for download from App Store as well as Google Play store. This app also allows users to manage their miners by creating groups, deleting inactive miners and sorting their miners.

Besides zero mining fee until 2017, BTC.com is also offering a 1% subsidy to every new user within first 3 months of its launch, provided the user maintains his/her hashrate for at least one month.

The BTC.com pool will offer rewards based on pay-per-share (PPS) and, after 31 December 2016, charge a fee of 1.5%, among the lowest in the industry.

Bitmain hopes that the open-source BTC.COM mining pool will set new benchmarks in terms of stability, efficiency and service for all mining pools and, by helping other developers around the world to develop mining pools using BTC.COM’s source code, further promote decentralization of the bitcoin mining network.

The pool website is pool.btc.com and the source code is available on GitHub at: https://github.com/btccom/btcpool

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Beware of the Phishing Website Bifmaintech.com

phishing website bifmaintechWe were today informed by a concerned Bitmain fan that a website with a domain (www.bifmaintech.com) similar to that of Bitmain’s official website www.bitmaintech.com is mirroring our original website. He found this website through a Reddit post announcing release of the Antminer R4.

phishing website bifmaintech

Interestingly the Reddit post links to another article on a tech news’ website called TechUpgrade.com It may be good for our advertisement but the article is filled with phishing links and inaccurate information.  To lure customers into buying from their phishing website, the website displays an unbelievably low price of $995 and also includes the APW5 in that “$995 package”.

We have reported the issue to the website on their “Contact Us” page but not sure if the message went through because it doesn’t show any confirmation message.

We hope that no Bitmain fan or anyone is tricked into paying on this website.

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Bitmain Launches Antminer R4, the Most Silent Multi-terahash Bitcoin Miner, for Home Use

Some people hang photos of their family on their office walls. Others, might place trophies, diplomas or that huge fish they caught during their last fishing trip. Us, we’re Bitcoin miners. We finally have a miner that belongs on our office desk.

We are launching at 23:00 (GMT+8) on Monday (29 August) the world’s most silent multi-terahash bitcoin miner and a silent 2600W PSU specially designed for high-performance mining.

The Antminer R4 uses the world’s most power-efficient 16nm BM1387 ASIC chip for bitcoin mining. It can deliver a hashrate of 8.6TH/s with a power efficiency of 0.1J/GH and a noise level less than 50dB. At an ambient temperature of 35°C, the R4’s noise level is 52dB.

The Antminer R4 has been designed with great care to ensure the least possible sound with the maximum hashrate. It replaces the traditional miner fan with a centrifugal fan inspired by the fan of a silent split air conditioner. The speed of this unique fan is automatically controlled to ensure that it never produces more sound than is absolutely necessary. The slim design of the Antminer R4 allows it to be conveniently placed in a book rack or computer table at home.

APW5 power supply unit (PSU) for bitcoin miners

The APW5 power supply

The APW5 power supply is compatible with the 220V as well as the 110V mains power supply in North America. On full load, it has a power factor greater than 0.95. With a 220V supply it can deliver an output of 2600W. It comes with seven pairs of 6-pin PCI-e connectors but can easily be fitted with upto 20 PCI-e connectors. It is built for high-power performance and low noise. Like that of the R4, the APW5’s fan is automatically controlled so it only produces as much sound as is absolutely necessary.

For home users who wish to utilize R4’s exceptional noise level with the optimum performance, we highly recommends that they use it with Bitmain’s APW5 power supply.

With the release of these products, Bitmain hopes to bring bitcoin mining back to homes and continue decentralizing the bitcoin mining network.

 

Learn more about the Antminer R4 here.

You can download the e-brochure of the APW5 power supply from here.

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Bitmain Is Now Accepting PayPal Payments

antminer s7-ln paypal

antrouter r1 paypal

We have long been receiving requests from our fans and users to accept PayPal payments. And so, we have started accepting PayPal payments for certain products.

Currently these products are the AntRouter R1, the AntMiner S7-LN and the APW3 power supply.

Because this is a testing phase, there are certain limitations for those who choose the PayPal payment method for their order. These limitations are as follows.

 

1. We only support Paypal to Paypal payments.

Bitmain customers have to either have a PayPal account or have to register with Paypal to be able to use this feature.

2. Users can pay for only one order using PayPal.

Users can not pay for a second order using PayPal until Bitmain decides to expand the use of Paypal.

3. The order can only contain 1 unit of the each product type. For example:

The order CAN have 3 items in total: 1 AntRouter R1, 1 Antminer S7 and 1 PSU.

The order can NOT have more than 1 AntRouter R1 or Antminer S7 or 1 PSU.

 

We hope the inclusion of the PayPal payment method will improve the shopping experience of our fans and users.

To place your order for any of the three products, please click here for the AntRouter R1, here for the AntMiner S7-LN and here for the APW3 power supply.

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Bitmain has Acquired Blocktrail

 

We are pleased to inform you that Bitmain has acquired Amsterdam-based Blocktrail B.V., the company behind the Blocktrail bitcoin wallet.

In addition to the popular bitcoin wallet, Blocktrail is well known in the bitcoin space for its developers API and its block explorer. As part of the acquisition, Blocktrail’s products, services and team will gradually be merged into BTC.com

With this acquisition, we will continue providing even better products and services to users of Bitmain and all its businesses.

Thank you for your continuous support.

 

Sincerely,

The Bitmain team

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