Slush Pool: Difference between revisions

From Bitcoin Wiki
Jump to navigation Jump to search
Taras (talk | contribs)
Updated hashrate and added navbox
Taras (talk | contribs)
Reorganized text
Line 3: Line 3:
|industry=[[Mining pool]]
|industry=[[Mining pool]]
|foundation=November 27, 2010<ref name="thread">[http://www.bitcoin.org/smf/index.php?topic=1976.0  Cooperative mining (join us!)]</ref>
|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=[[User:Slush|Slush]]
|hashrate=5.3 PHash/s<ref>[https://mining.bitcoin.cz/stats/ Slush's Pool Statistics]</ref>
|hashrate=5.3 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), better known as '''Slush's pool''', is the oldest [[Pooled mining|mining pool]], and the first known to be publicly available. Slush's 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 March 10, 2011<ref>[https://www.bitcoin.org/smf/index.php?topic=1976.msg63615#msg63615 Cooperative mining (update 2011-03-10)]</ref>.
 
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<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 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 05:57, 8 August 2014

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

Bitcoin Pooled Mining (BPM), better known as Slush's pool, is the oldest mining pool, and the first known to be publicly available. Slush's 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 March 10, 2011[2].

See Also

External Links

References