Slush Pool: Difference between revisions

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Create article for Bitcoin Pooled Mining (BPM) and added to category Mining.
 
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'''Bitcoin Pooled Mining''' (BPM), also sometimes referred to 'Slush's pool', is a [[Pooled mining|mining pool]].
{{infobox company|name=Slush Pool|image=[[File:SP_logo.png|256px]]
|industry=[[Mining pool]]
|foundation=November 27, 2010<ref name="thread">[https://bitcointalk.org/index.php?topic=1976  Cooperative mining (join us!)]</ref>
|owner=[[User:Slush|Slush]]
|website=https://slushpool.com/
|bottom={{subbox miner
|outset=November 27, 2010
|firstblock=December 16, 2010
|firstblockn=97834
|hashrate=1.300 EH/s<ref>[https://slushpool.com/stats/?c=btc Slush Pool Statistics]</ref>
|peak=
|peakdate=


BPM follows a score-based method.
}}}}'''Slush Pool''', also formerly known as '''Bitcoin.cz Mining''', is the oldest [[Pooled mining|mining pool]], and the first known to be publicly available. Slush Pool was announced on November, 27, 2010 under the name Bitcoin Pooled Mining Server<ref name="thread"/> and operated on a share strategy that involved an artificially low [[difficulty]] method that has since been determined to be vulnerable to cheating. The pool now follows a score-based method, where older shares (from beginning of the round) have a lower value than newer shares, which serves to demotivate a cheater from switching between pools inside a round. Balances accumulate on the server, and are sent out when a user-set threshold balance is reached. There is a fixed fee of 2%, as of December 10, 2017<ref>[https://slushpool.com/terms-of-service Slush Pool: Terms of service]</ref>.


Older shares (from beginning of the round) have a lower weight than newer shares, which serves to demotivate a cheater from switching between pools inside a round.
The [[coinbase]] signature for this pool is: "/slush/" <ref>[https://blockchain.info/tx/8e058f90d3f287cd25a178b4396ed362bf90ee82b2f19aaf66f56424819f3d82 Example of decoded coinbase]</ref>.
 
Server cheating, by way of the pool operator fraudulently granting himself extra 'shares', is not addressed. Thus the clients have to trust the pool operator to fairly distribute the proceeds.
 
Balances accumulate on the server, and are sent out when a user-set threshold balance is reached.


==See Also==
==See Also==


* [[Comparison of mining pools]]
* [[Pooled mining]]
* [[Pooled mining]]


==External Links==
==External Links==


* [http://mining.bitcoin.cz Bitcoin Pooled Mining] website
* [https://slushpool.com/ Slush Pool Official website]
* [https://www.bitcoinmining.com/ Bitcoin Mining]
* [https://www.youtube.com/watch?v=GmOzih6I1zs Video: What is Bitcoin Mining]


==References==
==References==
<references />
<references />


[[Category:Mining]]
[[Category:Pool Operators]]
[[Category:Mining pools]]
{{Pools}}

Latest revision as of 22:42, 10 December 2017

Slush Pool
IndustryMining pool
FoundedNovember 27, 2010[1]
Key peopleSlush
Websitehttps://slushpool.com/
Block maker
First hashNovember 27, 2010
First blockDecember 16, 2010 (97834)
Hashrate1.300 EH/s[2]

Slush Pool, also formerly known as Bitcoin.cz Mining, is the oldest mining pool, and the first known to be publicly available. Slush Pool was announced on November, 27, 2010 under the name Bitcoin Pooled Mining Server[1] and operated on a share strategy that involved an artificially low difficulty method that has since been determined to be vulnerable to cheating. The pool now follows a score-based method, where older shares (from beginning of the round) have a lower value than newer shares, which serves to demotivate a cheater from switching between pools inside a round. Balances accumulate on the server, and are sent out when a user-set threshold balance is reached. There is a fixed fee of 2%, as of December 10, 2017[3].

The coinbase signature for this pool is: "/slush/" [4].

See Also

External Links

References