Bitmain, the major Chinese ASIC producer, has launched a third mining pool: ConnectBTC opened to the public today. already belong to the Bitmain group of mining pools.This new pool is part of Bitmain’s Israeli research and development (R&D) center, Bitmaintech Israel, and as such, is the first mining pool based in the Middle-Eastern country.“There is a very strong tech and cryptocurrency industry in Israel, and we’re proud to now open the first Israeli Bitcoin mining pool,” ConnectBTC manager Gadi Glikberg told Bitcoin Magazine.Glikberg was previously the vice president of sales for Spondoolies Tech, the Israeli ASIC producer that shut down in mid-2016.Bitmain CEOs Jihan Wu and Micree Zhan decided to set up the R&D center in Tel Aviv shortly after, where Glikberg took on a managing role.Glikberg believes the new pool’s main differentiator is that  ConnectBTC provides detailed real-time information and analytics to connected miners (or “hashers”).This should give them a better understanding of their machine’s performance without having to develop custom internal monitoring tools themselves.“Think of miners as servers that are working at 100 percent CPU 24/7,” Glikberg explained.

“Modern data centers use expensive monitoring tools to monitor the status of the servers, so they can respond quickly when a server goes down or doesn't perform as expected.Most miners don't have such external tools and they rely either on the pool or on a proprietary tool such as a script that they build themselves.”ConnectBTC will instead be providing this to miners as a standard service, Glikberg said:“ConnectBTC provides a high detailed user interface, specifying real-time detailed information about the status of each miner, so miners can review and quickly identify any potential problem with their unit.”ConnectBTC has been operating in closed beta since December and has amassed a small amount of hash power since.Glikberg expects that level to grow over the coming months.Bitmain and its pools have been at the center of Bitcoin’s scaling debate lately.The company’s co-CEO Jihan Wu in particular is a vocal supporter of Bitcoin Unlimited, an alternative protocol implementation designed to let miners and users change their block size settings.AntPool is currently the largest mining pool on the Bitcoin network, representing some 15 percent of all hash power, and started signalling support for Bitcoin Unlimited several weeks ago.

represents an additional three percent, but hasn’t signalled support for Bitcoin Unlimited as of yet.It’s been suggested that Bitmain effectively exerts influence over the hash power of other Bitcoin Unlimited signalling pools as well — though this is has so far been denied by Bitmain and the pools.ConnectBTC was fully developed by Bitmaintech Israel, independently of any other pool.This also means the pool won’t signal support for Bitcoin Unlimited for the time being, nor for other scaling solutions such as Bitcoin Core’s proposed Segregated Witness soft fork.“For a lot of us, it seems like the block size debate is the most important topic in the world, but for miners, the most important thing is to keep their machines running with minimal down time,” he said.“Miners have a vast interest in stability, just like most players in the industry.I think that's why we are seeing a lot of hashing power staying on the fence.At the moment, the pool is not voting either way.I think that large part of the miners are still undecided about the best way to go.”Though, as for a potential future direction, Glikberg didn’t exclude the possibility that his pool may decide to support a block size limit increase later on.“We are talking to many miners, and we hear more or less the same thing — miners want to see bigger blocks and at the same time don’t feel comfortable with any proposed solution.

I'm sure that once miners feel comfortable enough with any proposed solution, they will signal for it.”If you encounter an error that prevents you from submitting your work, please contact us with the appropriate solution and your reward address.We will check what is wrong and compensate the first person to report a problem with the appropriate private key solving a given work for the reward that they could not claim (provided the work was not solved prior to the message being sent).top funded bitcoin companiesPlease make sure to include the solution, otherwise we won't be able to compensate you for your work.ethereum message transactionPlease also check that your solution is in proper format (see below).buy bitcoin with echeck

Please make sure you are not trying to submit a solution in the Wallet Import Format format (like 5HueCGU8rMjxEXxiPuD5BDku4MkFqeZyd4dZ1jvhTVqvbTLvyTJ).The Pool only takes solutions in a form of hexadecimal private keys (like 0C28FCA386C7A227600B2FE50B7CAE11EC86D3BF1FBE471BE89827E19D72AA1D).If you submit your solutions in WIF, you are likely to receive an error message.bitcoin limit coinbaseCurrently we are in a beta period - the system should work just fine, but errors can occur.luck in bitcoin miningPlease keep this in mind.bitcoin raw transaction feeCoin loss can occur, but it is not likely.This website is an equivalent to a mining pool for creating Bitcoin vanity addresses.It allows multiple people to try creating a safe vanity addresses, so as to make the process efficient.

You ought to check out this website.This website is dealing with a bit advanced concepts, so you really should start there.Vanity addresses is a Bitcoin address that has a desirable pattern - name of a company, your nickname, etc.The main problem with vanity addresses, is that in order to create them, one has to brute force a lot of addresses.This website aims to generate vanity addresses without the need to trust a third party.This is done by using the properties of the ECDSA algorithm.Instead of using one private key, two are used.One is owned by you and never revealed to anyone, the second is the solution to your problem that can be broadcasted publicly.When you add them together, you get your vanity address.The trick is, one can generate this vanity address by knowing just your public key (which is safe to broadcast).For more info, check out the Stack Exchange.There is no catch.You are only required to pay a fee that will be used to reward the person that generates your vanity address.

We charge a percentage of that reward to keep our service running.At the moment the minimum fee is 0.01BTC, and the pool is charging 20% of the reward to keep our servers running.We are planning on lowering our cut in the future, when we will build up enough popularity.Old unpaid address requests are removed within a week or two of them being created.If you want to buy a vanity address, just request it with this form.You will need to provide us with a public key of an ECDSA keypair you own (keep your private key safe), your desired pattern, and what network you are using.You will then be prompted to pay a fee.After we process that transaction, your request will be displayed for everyone to see.Anyone can then try generating your address, and if they succeed, they can claim your reward.After that, the solved work will be moved here.There are two reasons for that - later we want to implement email notifications of solved work (so you won't have to be checking the page manually).The login page is also used to prevent bots requesting addresses.

This website is for humans ;).For now, this technology is so fresh, that there are no offline solutions for this.However, for testing purposes we do offer our other website where you can combine your private keys.It does support https and we don't peek at what is inputted there, but this is your money we are talking about here, use for testing only.Other online service providing split-key address combination is bitaddress For offline address combination, we recommend Bitcoin Address Utility by Casascius If you want to implement a tool yourself, check out the Stack Exchange.In order to mine for vanity addresses, you can check out the related topic on BitcoinTalk, or just use the oclvanityminer developed by samr7.When more software will become available, we will advertise them on this website.For future reference - you can either check out the available work area and get required info manually, or use our automated work display page without any unnecessary padding (good for automatic tools).

The format is as follows: Each entry is displayed in a new line.Currently comments are not used, but they might be in the future.You can submit the solved work either on the work page, or by using HTML POST to this page with parameters: key - equal to "Pattern:PublicKey" (without quotations) privateKey - equal to the private key that is the solution to the problem bitcoinAddress - equal to the Bitcoin address you want to claim the reward with If the solution is accepted, "OK!"will be returned, otherwise an error message will be displayed.If you provide a proper key, but there will be some problem with the address or something else, the solution will not be saved (and thus, you will have a chance to claim it properly).This is done to ensure that everyone is paid for their due work.Lavishness is a measurement of how profitable mining for a vanity address is.It takes into account how complex the searched pattern is, as well as the size of the bounty it has.

Mining ratio is the ratio that determines how many times vanity mining is more profitable than traditional mining.Having the following variables: L - lavishness MR - mining ratio b - vanity address bounty (in Bitcoins) c - vanity address complexity d - block difficulty r - block reward (in Bitcoins) k - key generation rate (in keys per second) m - mining speed (in hashes per second) We can calculate: L = 2^32 * (b/c) MR = L * (d/r) * (k/m) = 2^32 * (b/c) * (d/r) * (k/m) The 2^32 is so called Difficulty of 1, and is used to determine how profitable mining is.It has been assigned as a constant to calculating the lavishness to balance out the really big number that usually is the complexity.Mining ratio above 1 means that mining for vanity addresses is more profitable than mining for blocks (by the factor of MR), while a ratio below 1 means that mining blocks is more profitable.For our internal calculations, the ratio k/m has been set to 0.06.