Block Subsidiary Spiral, Mining Tech Firm Braiins Spearhead Push for Bitcoin Mining Upgrades

South Africa News News

Block Subsidiary Spiral, Mining Tech Firm Braiins Spearhead Push for Bitcoin Mining Upgrades
South Africa Latest News,South Africa Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Block subsidiary spiralbtc and BraiinsMining are leading a working group to accelerate the adoption of Stratum V2, an update to a popular protocol that connects bitcoin miners to pools. egreechee reports

Block subsidiary Spiral and bitcoin mining tech provider Braiins are spearheading a working group to promote the adoption of updates to the bitcoin mining pool protocol.

Braiins, which is the firm behind the world's first mining pool, formerly known as Slush Pool, released the first version of Stratum in 2012 and V2 in 2019. Braiins itself implemented V2 in early 2020, but adoption through the rest of the industry has been sluggish. Miners"know the benefits of Stratum V2 very well," but pushing the mining industry over the"remaining development and adoption hurdles" is a"big task," said Braiins co-founder Jan Capek in the press release.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Luxor launches derivatives product based on bitcoin mining revenueLuxor launches derivatives product based on bitcoin mining revenueBitcoin mining firm Luxor is launching an over-the-counter derivative product based on bitcoin mining revenues.
Read more »

Bitcoin (BTC) Bottom Might Be Nowhere Near: Dramatic Model for BullsBitcoin (BTC) Bottom Might Be Nowhere Near: Dramatic Model for BullsSeasoned Bitcoin (BTC) expert Zack Voell, mining analyst at Braiins, shared model that displays BTC price dynamics of previous bearish cycles
Read more »

Bitcoin Mining Difficulty Sees Massive Spike. These Are Key Reasons WhyBitcoin Mining Difficulty Sees Massive Spike. These Are Key Reasons WhyBitcoin’s mining difficulty has experienced its biggest increase of the year, putting more pressure on miners
Read more »

New hashprice-based derivatives instrument gives Bitcoin miners another way to hedgeNew hashprice-based derivatives instrument gives Bitcoin miners another way to hedgeBitcoin price lingering below $20,000 has put some BTC miners in financial distress, but hashprice-based derivatives contracts could provide a way for miners to effectively hedge against downside risks.
Read more »

Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining – Mining Bitcoin NewsKenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining – Mining Bitcoin NewsIn Kenyan villages where the power plants are installed, the communities are only using an equivalent of 10% of the generators’ capacity. bitcoinmining cheapelectricity energy
Read more »

Mine Tales: The many mining ventures in the Jerome areaMine Tales: The many mining ventures in the Jerome areaThe Verde Mining District area attracted other mining ventures, including the development of the United Verde Extension Mine.
Read more »



Render Time: 2025-03-03 02:10:31