Bitcoin Pooled Mining

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Bitcoin Pooled Mining
Slushspool.png
Trading nameSlush's pool
IndustryMining pool
FoundedNovember 27, 2010[1]
Owner(s)Slush
Websitehttps://mining.bitcoin.cz/
Block maker
First hashNovember 27, 2010
First blockDecember 16, 2010 (97834)
Hashrate15.0 PHash/s[2]
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[3].

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

See Also

External Links

References

  1. 1.0 1.1 Cooperative mining (join us!)
  2. Slush's Pool Statistics
  3. Cooperative mining (update 2011-03-10)
  4. Example of decoded coinbase