Slush Pool: Difference between revisions

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|trading_name=Slush's pool
|trading_name=Slush's pool
|industry=[[Mining pool]]
|industry=[[Mining pool]]
|foundation=November 27, 2010
|foundation=November 27, 2010<ref name="thread">[http://www.bitcoin.org/smf/index.php?topic=1976.0  Cooperative mining (join us!)]</ref>
|owner=[[Slush]]
|owner=[[Slush]]
|hashrate=1.4 PHash/s
|hashrate=1.43 PHash/s<ref>[https://mining.bitcoin.cz/stats/ Slush's Pool Statistics]</ref>
|website=https://mining.bitcoin.cz/
|website=https://mining.bitcoin.cz/
}}'''Bitcoin Pooled Mining''' (BPM), also sometimes referred to 'Slush's pool', is the first [[Pooled mining|mining pool]].
}}'''Bitcoin Pooled Mining''' (BPM), also sometimes referred to 'Slush's pool', is the first [[Pooled mining|mining pool]].
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There is a fixed fee of 2%, as of March 10, 2011<ref>[https://www.bitcoin.org/smf/index.php?topic=1976.msg63615#msg63615 Cooperative mining (update 2011-03-10)]</ref>.
There is a fixed fee of 2%, as of March 10, 2011<ref>[https://www.bitcoin.org/smf/index.php?topic=1976.msg63615#msg63615 Cooperative mining (update 2011-03-10)]</ref>.


BPM was announced on November, 27, 2010<ref>[http://www.bitcoin.org/smf/index.php?topic=1976.0  Cooperative mining (join us!)]</ref>.  At the time the service was operated under the name Bitcoin Pooled Mining Server and operated on a share strategy that involved an artificially low [[difficulty]] method that has since been determined to be vulnerable to cheating.
BPM was announced on November, 27, 2010<ref name="thread"/>.  At the time the service was operated under the name Bitcoin Pooled Mining Server and operated on a share strategy that involved an artificially low [[difficulty]] method that has since been determined to be vulnerable to cheating.


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

Revision as of 20:20, 23 April 2014

Bitcoin Pooled Mining
Trading nameSlush's pool
IndustryMining pool
FoundedNovember 27, 2010[1]
Key peopleSlush
Websitehttps://mining.bitcoin.cz/

Bitcoin Pooled Mining (BPM), also sometimes referred to 'Slush's pool', is the first mining pool.

BPM follows a score-based method.

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.

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.

There is a fixed fee of 2%, as of March 10, 2011[2].

BPM was announced on November, 27, 2010[1]. At the time the service was operated under the name Bitcoin Pooled Mining Server and operated on a share strategy that involved an artificially low difficulty method that has since been determined to be vulnerable to cheating.

See Also

External Links

References