Miners can now be purchased by regions on WariHash.
Currently, we have miners separated into three regions:
- North America West (San Francisco)
- North America East (New York)
- EU West (Amsterdam)
If you are purchasing hashing power, make sure your stratum server is in the same region, or close to the miner’s region. This will allow us to serve buyers in a more cost effective manner.
The BCH infrastructure fund saga continues this week and more. Here’s your weekly mining update:
As we reported last week, a group of Bitcoin Cash (BCH) miners announced their intention to launch a mandatory developer fund that distributes 12.5% of BCH coinbase rewards to devs. You can read our in-depth writeup here.
This week, we saw an opposition mining group declare and then retract plans to launch a competing BCH pool for like-minded miners who are against the mandatory donation.
A few days ago, a group of miners (BTC.TOP, Antpool, BTC.com, ViaBTC, and Bitcoin.com) announced a plan to divert 12.5% of the Bitcoin Cash (BCH) block reward to a developer fund
over the course of six months. The developer fund would be mandatory, meaning that the group will orphan any block that does not adhere to the developer fund proposal. We will explore the implications of this.
Mining was front-and-center this week with a major announcement that sparked some intense debate.
A cartel comprised of the four largest Bitcoin Cash (BCH) mining pools has announced a mandatory donation distributing 12.5% of the coinbase reward to BCH developers over the course of six months. While this type of dev funding strategy is not new, the controversy stems from the mandatory nature of the proposal where the signatories have committed to orphan blocks produced by miners who don’t wish to participate.
It is unclear whether this proposal will be revised in light of the criticisms against it, but we will continue to follow this story closely and provide updates.
Coindesk dropped a comprehensive writeup on the intrigue and maneuvuerings at Bitmain, where BitMain CEO Jihan Wu ousted his long time co-founder and co-CEO Micree Zhan.
There’s been a long history of ASIC manufacturers failing to deliver in the past, and some have been outright scams designed to steal your money. However, a little due diligence can go a long way in saving you from making a potentially costly mistake.
Today we’ll take a look at Veden Miner, a purported ASIC manufacturer based out of Vancouver with US-based manufacturing capabilities. Based on the information we’ve been able to gather on the company through their marketing and interactions with their CEO, we think Veden is highly unlikely to deliver a product at all. Here are some obvious signs: