Bitmain Adds Ethereum Mining PoolThe announcement was made earlier today from BTC.com, which has earned its place as the largest Bitcoin mining pool in the world, having mined 21% of all Bitcoin blocks last year.
Bitmain Project Director Zhong ZhuangAccording to Bitmain project director Zhong Zhuang, the decision was made to "help Ethereum scale its mining infrastructure." He furthered that the firm will "expand Ethereum's network by relaying ... rewards through our system,"—a reward system where participants earn crypto for participating in the pool.
Mining OptionsThe new pools will offer GPU and CPU mining options as a reactionary measure to help deal with falling prices across the crypto market this year. This is despite the fact that Bitmain released its own Ethereum Asics miner—the Antminer E3—earlier this year. >> China’s Ban on Crypto Continues — Guangzhou District Hit Zhuang said:
"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."