{"id":234844,"date":"2019-08-08T18:41:53","date_gmt":"2019-08-08T22:41:53","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=234844"},"modified":"2019-08-08T18:41:53","modified_gmt":"2019-08-08T22:41:53","slug":"blockstream-to-release-accessible-mining-pool-and-facility","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/blockstream-to-release-accessible-mining-pool-and-facility","title":{"rendered":"Blockstream To Release Accessible Mining Pool and Facility"},"content":{"rendered":"
Blockstream, a Canada-based Bitcoin tech company, will be bringing out its own Bitcoin mining pool and facility, reports The Block Crypto<\/a>.<\/p>\n This news comes to us via an official Blockstream blog post<\/a>, in which the company revealed they “believe that bitcoin holders and businesses involved in Bitcoin should take part in mining themselves, to help maintain the decentralized security of the Bitcoin network.”<\/p>\n The goal here is to make mining more accessible. As you may know, the barrier to cryptocurrency mining is quite high. It requires extensive knowledge of computer hardware, is expensive, and potential miners have to find the right space to participate.<\/p>\n “Blockstream Mining addresses these issues by providing a turnkey, enterprise-class colocation service,” the post reads. This enables “the customer to monitor and control their mining equipment with complete transparency.”<\/p>\n Started back in 2017, Blockstream was aware that “mining decentralization” was on the decline. “At the time it appeared that parties involved in\u00a0ASIC<\/a> manufacture, hosting, and pool operations were becoming a centralizing force and holding back Bitcoin from reaching its full potential,” the post reads.<\/p>\n Since then, the platform has upped its technology, brought in more avenues for mining power, and have become host to clients like the Fidelity Center for Applied Technology, and Reid Hoffman, a co-founder of LinkedIn.<\/p>\n Now, Blockstream is expanding its efforts in four distinct ways, ensuring companies can “remotely manage their mining equipment”:<\/p>\n Thanks to this mining operation, users now have another way to make money with Bitcoin<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n