WariHash Blog

This Week in Mining: March 23rd

Here’s some mining news from beyond the quarantine:
  1. Bitcoin mining difficulty dropped by 15%; the second largest drop in history. The drop corresponds with many miners shutting down as Bitcoin’s price has taken a huge hit during these volatile times.
  2. Jon Lee Quigley from MinerUpdate (minerupdate.com) talks with Bitcoin podcaster Stephan Livera about the impacts of Bicoin’s price drop on Bitcoin mining. This is a great listen if you are looking for a podcast on the current state of mining.
  3. Slush Pool teases a mysterious “performance boost” via Twitter.

This Week in Mining: March 16th

We hope that everyone is staying safe and staying home during the corona virus outbreak. If you have some GPU’s , you can help researchers fight the virus with the Folding@Home team. Not much news so we’ll leave you with some good reading materials on mining that came out this week.
  1. Bitcoin’s hashrate dropped by roughly 20% following the price downturn and predictable virus-related interruptions. It’s still early to see whether this will stabilize, but miners seem resilient even in the face of a near 40% drop in price.
  2. Blockware solution with a research on mining impact on pricing and the incoming halvening. They present a very in-depth analysis that tackles many of the common themes and misconceptions surrounding the topic of mining as it relates to Bitcoin’s price.
  3. Ark Invest, a NYC based investment firm, released a white paper detailing their analysis of Bitcoin mining and its role in this era of geopolitical uncertainty and market volatility. According to them, the white paper “aims to illustrate how Bitcoin’s innovation lies in its ability to coordinate trust and facilitate the transfer of value without relying on a centralized authority.”

Sell Side Market Now Open

We are happy to announce that we’ll be opening up the sell side market to the public for all of our mining algorithms (SHA-256, Scrypt, Ethash, and Handshake).

WariHash lets you sell your hashing power for BTC if there’s a buyer willing to pay the price you set. When there’s no demand for your miners on WariHash, you’ll simply mine at your selected default mining pool. Thus, if you set your price properly, you can increase your revenue when a buyer takes your offer. When there’s no buyer, you will make the same amount of revenue at your usual mining pool. This is made possible by connecting your miner to our stratum server and setting up your order.

For detailed instructions on selling your hashing power, see here and contact us at support@warihash.com if you have any questions.

Introducing Limit Orders

We’ve added a new feature to our hash market order form: Limit orders.

By placing a limit order, you can specify a limit price and only be matched with miners with rates less than or equal to that price. If the limit price is too low, we may not be able to find a matching miner, or we may only be able to find a small amount of hashing power that meet your order requirements. We also improved the quality of our matching engine so orders should see better prices than before.

The feature is currently live and we invite you to try it out! Let us know what you think by dropping us an email or tweeting at us @warihash.

WariHash Updates and Exiting Alpha Status

We will soon be exiting our “Alpha” phase, which means newly registered users will no longer receive discounts at signup. Users who have already registered can continue to use their discounts.

We will also be handling refunds in an automated process in the event that the hashrate you receive after purchase is less than what you ordered. In other words, if the average amount of hashing power over the lifetime of the order was less than what you ordered, any missing hashrate you paid for will be given to you as credit that you can use to purchase more hashing power in the future. These credits can be found in your user profile section.

If you have any questions or comments regarding these changes, please feel free to shoot us an email at support@warihash.com