GHash.IO bitcoin pool

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DATE: Aug. 16, 2014, 3:07 p.m.

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  1. About GHash.IO
  2. GHash.IO — the #1 Mining Pool
  4. GHash.IO, launched in July 2013, is the leading Bitcoin mining pool contributing to the crypto-society approximately one-third of the overall hashing power, which makes it the #1 mining pool in the Bitcoin community.
  6. GHash.IO closely follows and constantly upgrades the mining possibilities as well as incorporates the latest developments and trends to ensure the widest range of features available to its users.
  8. In March 2014 the mining pool presented new scrypt mining features and increased the number of alternative cryptocurrencies available for mining, including LTC, DOGE, FTR and AUR. In addition, at the same time the mining pool introduced the GHash.IO MultiPool Pro that gives the users the opportunity to mine the most profitable cryptocurrencies together with new features, including the conversion and the switch settings.
  10. In order to ensure the highest profitability, GHash.IO offers easy setup and advanced statistics as well as it guarantees a stable hash rate and immediate mining payouts. 24/7 technical support and free SMS notification make the mining process more accessible and more convenient. Users also have the possibility to trade cryptocurrencies on CEX.IO while mining them at GHash.IO.
  11. Connection with CEX.IO
  13. Due to shared account credentials of GHash.IO and CEX.IO, the mining pool is referred to as the mining section of CEX.IO. The cooperation of these platforms enables users to gain from simultaneous mining and trading. GH/s, the mining power bought at CEX.IO, mine new coins on GHash.IO until the user ownes mining power.
  14. Hashrate
  16. GHash.IO guarantees prioritises technical advancement for mining and trading options and provides a stable hash rate for its users.
  17. PPLNS
  19. For SHA-256 and scrypt mining GHash.IO relies on PPLNS (“Pay per last N shares”), a reward distribution system, according to which the compensation is given out to shares in an opening beginning with the last registered share going backwards up to a certain number of shares. Shares outside of the opening are not being compensated. Shares are considered to be hashes smaller than the target for difficulty 1. Every hash has the possibility of being a valid share, which equals to 1 in 232. For the reason of gaining a more dispersed and predictable sequence, miners group into pools. In the end, miners are rewarded with coins according to their shares.
  20. Compensated Downtime
  22. Downtime compensation will be provided to miners using cloud-based GH/s purchased on CEX.IO Bitcoin Crypto Exchange. Miners with personal hardware will not be compensated.
  23. Merged Mining
  25. GHash.IO offers a merged mining option of the following altcoins:
  27. BTC (Bitcoins)
  28. NMC (Namecoin)
  29. IXC (IXCoin)
  30. DVC (DevCoin)
  32. Currently, users have the possibility to exchange NameCoins for Bitcoins and LiteCoins or simply reinvest them by purchasing more GH/s. CEX.IO has recently introduced an opportunity to exchange IXCoins for Bitcoins as well. DVC can only be withdrawn at other exchanges and corresponding wallets.
  33. Scrypt Mining
  35. GHash.IO also offers possibilities of Scrypt mining for the following coins:
  37. LTC (Litecoin)
  38. DOGE (Dogecoin)
  39. FTC (FeatherCoin)
  40. AUR (AuroraCoin)
  41. ANC (AnonCoin)
  42. MEC (MegaCoin)
  43. WDC (WorldCoin)
  44. RDD (ReddCoin)
  45. DGB (Digibyte)
  46. MYR (MyriadCoin)
  47. POT (PotCoin)
  48. USDE (USDe)
  50. X11 mining
  52. May 2014, GHash.IO implemented mining DRK (DarkCoin) to its pool. DarkCoin is based on x11, an alternative algorithm to SHA-256 and scrypt.
  53. Multipool Pro
  55. In April GHash.IO introduced a brand new scrypt mining feature, GHash.IO Multipool Pro, which allows users to mine the most profitable cryptocurrency at any give time as well as profit from additional features, including the conversion and the switch settings. These new possibilities are applicable for LTC (Litecoin), DOGE (Dogecoin), AUR (Auroracoin), FTC (Feathercoin), RDD (Reddcoin), MEC (Megacoin), ANC (Anoncoin), MYR (Myriadcoin), POT (Potcoin), USDE (Unitary Status Dollar eCoin). The recently developed features empower users to mine new digital currencies, convert them into Bitcoins and Litecoins as well as modify the miner’s settings to draw out from the ongoing assignment when changing coins.
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