Antpool news

Established in - 2017. Server locations - China. Minable assets - BTC, BCH, LTC, DASH, ETH, ETC, SC, XMC, ZEC, BTM. Reward strategy - PPS+, PPS, PPLN, SOLO.

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AntPool Mines Invalid Block, Loses 12.5 BTC Reward

At a block height of 584,802, AntPool mined an invalid block and was forced to forfeit their 12.5 BTC block reward. The rejection came as a result of an erroneous coinbase transaction and was spotted by Bitrefill dev Justin Camarena, as reported by The Next Web, July 11, 2019. Mined Block Goes to Waste AntPoolRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Bitcoin mining pool, Antpool miner, produces an invalid Bitcoin block corroborated by 8 nodes

Bitcoin block at height 584,802 was an invalid block due to a discrepancy in coinbase reward value. The invalid block was confirmed by 8 other nodes at forkmonitor.info. BitMEX research tweeted: Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0Bitcoin […] The post Bitcoin mining pool, Antpool miner, produces an invalid Bitcoin block corroborated by 8 nodes appeared first on AMBCrypto.
AMBCrypto

Antpool Loses $150K In BTC Mining Mix-Up

Bitmain-owned mining pool Antpool lost its 12.5 BTC mining reward after the network's full nodes rejected the newly created block, noting that the block's "coinbase transaction" did not match the Bitcoin protocol.
Ethereum News

BitDeer Founder & CEO Celine Lu Attended Bitcoin 2019 to Discuss the Driving Force Behind Bitcoin

SAN FRANCISCO, July 9, 2019 /PRNewswire/ -- On June 25, Celine Lu, Founder & CEO of the world's leading computing power sharing platform BitDeer.com, was invited to share her insights of the Bitcoin community and cloud mining industry at Bitcoin 2019.  In her speech entitled "BitDeer: The New Driving Force Behind Bitcoin," Celine Lu gave a thorough introduction of BitDeer.com, the pioneer computing power sharing platform aiming to solve the problem of low efficiency in the Bitcoin mining industry and lower the barrier to entry for individual miners to gain Bitcoin. Celine also shared her vision of restoring the fundamental principle of decentralization to the blockchain community.  To provide a reliable and transparent way for global crypto community members to mine Bitcoin and other PoW cryptocurrencies, Celine launched BitDeer where users could start mining within merely 10 minutes of placing an order on December 2018. With its proprietary real-time computing power allocation technology, BitDeer is the first shared mining platform to truly implement the segmentation and allocation of computing power. Users can now purchase his share of computing power segmented by terahash. In order to save its customers from the hassle of purchasing and installation of heavy and noisy mining equipment, BitDeer has also partnered with eight out of the top ten largest Bitcoin mining pools in the world including BTC.com, AntPool, F2Pool, and ViaBTC. Users are enabled to choose and switch between the world's top mining pools, monitor the mining process and receive daily payouts directly from the ...Full story available on Benzinga.com
Benzinga

BitDeer Founder & CEO Celine Lu Attended Bitcoin 2019 to Discuss the Driving Force Behind Bitcoin

San Francisco, CA – On June 25, Celine Lu, Founder & CEO of the world’s leading computing power sharing platform BitDeer.com, was invited to share her insights of the Bitcoin community and cloud mining industry at Bitcoin 2019. In her speech entitled “BitDeer: The New Driving Force Behind Bitcoin”, Celine Lu gave a thorough introduction of BitDeer.com, the pioneer computing power sharing platform aiming to solve the problem of low efficiency in the Bitcoin mining industry and lower the barrier to entry for individual miners to gain Bitcoin. Celine also shared her vision of restoring the fundamental principle of decentralization to the blockchain community. To provide a reliable and transparent way for global crypto community members to mine Bitcoin and other PoW cryptocurrencies, Celine launched BitDeer where users could start mining within merely 10 minutes of placing an order on December 2018. With its proprietary real-time computing power allocation technology, BitDeer is the first shared mining platform to truly implement the segmentation and allocation of computing power. Users can now purchase his share of computing power segmented by terahash. In order to save its customers from the hassle of purchasing and installation of heavy and noisy mining equipment, BitDeer has also partnered with eight out of the top ten largest Bitcoin mining pools in the world including BTC.com, AntPool, F2Pool, and ViaBTC. Users are enabled to choose and switch between the world’s top mining pools, monitor the mining process and receive daily payouts directly from the designated mining pool to his chosen wallet address Celine Lu also shared some interesting statistics about BitDeer.com with hundreds of audience: 1 million monthly active usersMore than 5 million visits300% sales growth within the last three monthsRanks at top 3 in cloud mining market shareCustomers from 223 countries and regions all over the worldRepeat purchase rate is over 80%4 orders placed by each user every monthThe biggest spender has purchased a total amount of over USD $7.68 million, with at least USD $7.27 million in returnStable daily platform output of over 100 BTC even during the bear market Through an exclusive strategic partnership with Bitmain, the largest manufacturer of cryptocurrency mining equipment by market share, BitDeer.com is now working with professional and top-notch mining facilities all over the globe including the U.S., Canada, Russia, Northern Europe, and China. With sufficient miner supplies, miner slots, and a cutting-edge automated computing power monitor system, the platform is proud to provide its global users support from a team of world-class operations and management experts. Celine Lu concluded her speech by restating BitDeer’s vision and dedication to a healthier cryptocurrency mining ecosystem and a more transparent cloud mining industry, echoing her appeal during the 2019 China Mining Industry Summit in Beijing two weeks ago. Hosted by BitDeer.com and joined by hundreds of mining industry leaders in China, the summit introduced the Cloud Mining Industrial Standard Draft to highlight the following key points: Computing power in the cloud mining industry should be transparent and traceable.The industry is advised to develop an open and fair product model, in which users will receive direct payouts from mining pools, hence no cloud mining platform should be an intermediary for users’ earnings.All platforms are expected to keep the computing power fluctuations within certain limits. For example, the fluctuation rate for 98% of the total computing power should be kept within 3%; and the number for 85% of the total computing power should be 1%.Mining facilities connected with platforms must ensure that at least 98% of the miner hardware is powered on and online for at least 98% of the time.Miner hardware deployed by platforms must limit the computing power fluctuation rate within 5%. As one of the most enthusiastic members of the Bitcoin community and a pioneer in the mining industry, BitDeer.com will spare no effort to bring higher value to its global users and build a well-developed ecosystem to fuel the whole industry. ### About BitDeer.com BitDeer.com is the world’s leading computing power sharing platform, enabling global users to mine cryptocurrencies in a transparent, reliable, and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines. Individual miners can enjoy the service with just one click. For more information, please visit https://www.BitDeer.com or connect on Facebook, Twitter, YouTube, and VK. Media Contact MagicFew Email: hello@magicfew.com The post BitDeer Founder & CEO Celine Lu Attended Bitcoin 2019 to Discuss the Driving Force Behind Bitcoin appeared first on Ethereum World News.
Ethereum World News

Bitmain Seeks Millions of Compensation from Former Emplayees Who Founded Rival Mining Pool

Bitmain, the owner of BTC.com, the world’s top bitcoin mining pool by hash rate, is suing the co-founders of Poolin, the seventh-largest pool, for allegedly violating a non-compete agreement – and it’s demanding $4.3 million in damages from one of them. In response, the co-founders said that they were no longer bound by the non-compete agreements because Bitmain failed to pay the non-competition compensation stipulated in the contract on time, violating the contract. This case gives us a rare glimpse of Bitmain, the largest and most powerful company in the blockchain industry, its internal operations and employment rules. The three Poolin co-founders say they were no longer bound by the non-compete, since it was Bitmain that invalidated their contracts for failing to pay compensation on time as agreed. Bitmain, in turn, countersued each of them, claiming they caused significant losses to the company after leaving by operating a directly competing pool. Aside from seeking damages, Bitmain asked the court to order the Poolin executives to resume honoring the non-compete agreement. At present, the three co-founders, CEO Pan Zhibiao, COO Zhu Fa and CTO Li Tianzhao, have sued against Bitmain in order to lift the provisions of the non-compete agreement. Zhu, one of the co-founders wrote that back in 2015, the three – while still focusing on Bitmain’s original mining pool, Antpool – proposed to launch BTC.com as a parallel service within Bitmain.The idea was not initially supported by Bitmain, Zhu wrote, and the three had to develop and roll it out on their own using Pan’s own capital at the beginning. In 2016, Pan open-sourced the code of BTC.com, which helped lower the threshold for anyone that’s interested in launching a mining pool business. Around mid-2017, the three collaborators left Bitmain. Under the non-compete agreement, Bitmain would pay monthly compensation to Pan after his departure of about $2,780 for 24 months, and in return, prohibit him from specifically operating a bitcoin mining pool. The compensation for the other two under such agreements was not clear from the court video. After their departure from Bitmain, Pan, Zhu and Li launched Poolin as mining pool for multiple cryptocurrency assets in November 2017. They didn’t launch a pool service for bitcoin until July 2018, when they mined Poolin’s first block of the largest cryptocurrency by market cap. Subsequently, Bitmain claimed that such acts were in direct violation of the non-compete agreement and asked Pan Zhibiao to return all paid compensation and about $4.6 million of liquidated damages. In addition, Bitmain also argued at the hearing that the Poolin violated the contract and that the profits of 26825 Bitcoins from mining should also be repaid as the loss of Bitmain. Lawyers of Bitmain argue that “by February 14, the total profit of Poolin was 4% of 26,825 bitcoins, which is the fee charged by the company, multiplied by the price of the bitcoin at that time, amounting to 24,518 yuan (about $3,500).” Therefore, with the so-called liquidated damages, the total amount of the claim will exceed 30 million yuan, about 4.3 million dollars. But lawyers of Poolin denied the allegation and told the court that Pan Zhibiao had not fulfilled his obligations under the agreement and should not be ordered to pay damages. Pan’s lawyers said in the hearing that Bitmain failed to pay Pan the agreed-upon compensation on time, citing lines from the agreement that if Party A (Bitmain) did not pay the compensation within a month since Party B (Pan)’s departure, it would mean Party A voided its obligation. Pan’s lawyers argued the transaction fee Poolin received doesn’t necessarily translate to profits of the company because until the date of the hearing, the firm had not turned a profit. In addition, the fact that Poolin successfully mined 26,825 bitcoin also does not necessarily mean it would be a loss for BTC.com, the lawyer said. “There are a lot more bitcoin mining pools in this network. It’s not just Poolin v.s. BTC.com. Even if Poolin didn’t operate its bitcoin mining pool, it does not necessarily mean Bitmain will be able to mine those coins.” the lawyer argued. Up to now, it is not clear from the open records whether or when the court will make a judgment. At the end of the hearing, the judge asked whether the two parties were willing to reconcile. Bitmain ‘s lawyers refused to discuss this in court and suggested that the hearing be adjourned. Bitmain declined to comment on the latest status of the case or to provide any further clarification. And the executives of Poolin did not response.
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This article shows how to calculate mining profitability using the special formula, how much money you are going to spend for hardware depending on its type, approximate electricity costs by country and additional pool fees. Moreover, it provides the list of online calculators which will help you to estimate your expenditures.

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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.
NullTX

Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.
AMBCrypto

David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
Ethereum News

David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
Live Bitcoin News

Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
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