Bitmain Is Launching an Ethereum Mining Pool on BTC.com

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Bitmain-backed mining pool BTC.com announced Thursday to expanding its offerings to include ethereum and ethereum classic.

Bitmain’s project director Zhong Zhuang said that the firm hopes “to expand ethereum’s network by relaying … rewards through our [Full Pay Per Share] system,” which rewards miners for participating in the pool.

Notably, the new pools will include GPU and CPU mining options, the release indicated, despite the fact that Bitmain released its first ethereum-focused application-specific integrated circuit (ASIC) for ethereum earlier this year.

Zhuang explained that the decision to offer GPU and CPU mining comes from the depressed prices across the crypto market this year, telling CoinDesk that “GPU miners are versatile, still profitable and are not easily replaced in a bear market. It’s common for miners to split investment into both.”

“Also, there are already ASIC miners for ethereum and ethereum classic which are easier to set up and are dedicated to ethash mining. This will save us from supporting a huge list of GPU coins simultaneously.”

The move is part of an effort to “help ethereum scale its mining infrastructure,” the announcement stated.

The new mining client through pool.btc.com portal, will also offer an ethereum block explorer and API.

image by shutterstock

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