Bitp.it: Difference between revisions

Latest revision as of 01:52, 10 June 2019

Bitp.it (pronounced bit pit) was a Bitcoin mining pool where members could work together to solve blocks.

First launched June 12th, 2011, bitp.it chose to forgo the conventional route of pushpool due to it's numerous bugs and lack of scalability.

Its owners disappeared suddenly at the end of 2011, taking all pool balances with them.

Bitp.it utilized the ESMPPS reward scheme to ensure fair payment in a PPS fashion, while avoiding the risk of paying out more than the pool.

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-Bitp.it (pronounced bit pit) is a Bitcoin mining pool where member can work together to solve blocks.
+Bitp.it (pronounced bit pit) was a Bitcoin mining pool where members could work together to solve blocks.
-First launched June 12th, 2011, bitp.it is the only known mining pool to utilize a backend other than pushpool. Bitp.it chose to forgo the conventional route of pushpool due to it's numerous bugs and lack of scalability.
+First launched June 12th, 2011, bitp.it chose to forgo the conventional route of pushpool due to it's numerous bugs and lack of scalability.
+Its owners disappeared suddenly at the end of 2011, taking all pool balances with them.
 ==Overview==
-Bitp.it utilizes the ESMPPS reward scheme to ensure fair payment in a PPS fashion, while avoiding the risk of paying out more than the pool.
+Bitp.it utilized the ESMPPS reward scheme to ensure fair payment in a PPS fashion, while avoiding the risk of paying out more than the pool.
 ==See Also==
 * [[Comparison of mining pools]]
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 ==External Links==
 * [https://pool.bitp.it bitp.it] web site
-* [http://forum.bitcoin.org/index.php?topic=12181.0 bitp.it forum]
+* [http://bitcointalk.org/index.php?topic=12181.0 bitp.it forum]
 ==References==
 <references />
 [[Category:Pool Operators]]
+[[Category:Defunct products or services]]