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Bitmain’s Mining Pool BTC.com is Launching a PoS Ethereum Mining Operation

BTC.com, the world’s largest Bitcoin mining pool is now expanding its mining offerings that enables their miners to mine the Ethereum (ETH) and Ethereum Classic (ETC) blockchain.

According to an official statement from BTC.com, the new Ethereum miners will be able to assess to the ETH mining through pool.btc.com portal. BTC.com will also offer an Ethereum blocker explorer and API. As thus, miners will be able to switch their hashing power from one mining pool to another, according to BitcoinsChannel.

BTC.com is a subsidiary of the dominate cryptocurrency mining hardware giant Bitmain. It currently accounts for roughly 17 percent of the computing power driving Bitcoin and similarly, it makes up around 14 percent of the Bitcoin Cash Network.

Nevertheless, Bitmain has a bigger ambition to its mining business. The company has released its first ASIC miner Antminer E3 earlier this year. Due to the ASIC rejection, the Ether could only be mined on CPUs and GPUs computers.timg

This time, Bitmain expects their mining operations to “grow to 12 percent of ETH total hashrate in the next 12 months, and Ethereum is BTC.com’s first step in diversifying its mining portfolio to include more GPU/CPU mining options for its users ” said Zhuang Zhong, Director of BTC.com’s mining pool.

However, surprisingly, BTC.com is not concerned about the upcoming Casper protocol and express it’s confident in transition from a Proof-of-Work algorithm to a Proof-of-Stake consensus algorithm.

“It is still possible to host a mining pool in PoS mode. It will increase the complexity to design such a pool since miners need to deposit ether to the mining pool, but we have a lot of hands-on experience with wallet and Ethereum smart contracts to make a PoS mining pool possible,” Zhong added.

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