KuPool will combine KuMining capabilities with the corporate’s present crypto exchanges to offer customers with safe mining companies inside the present KuCoin ecosystem.
“As a brand new mining pool service beneath the KuCoin ecosystem, KuPool stands out from different mining swimming pools by means of its trust-based, verifiable hashrate mechanism and tight integration with KuCoin and KuMining,” an organization spokesperson mentioned. decryption.
“Particularly, KuPool positions ‘verifiable hashrate’ as a core belief asset and employs an environment friendly, low-latency, and traceable revenue distribution mechanism to make sure that the world’s miners obtain a good and auditable reward distribution,” they added.
mining pool Collect a bunch of unbiased miners, be a part of sources to extend your probabilities of profitable blocks, and earn token rewards.
KuPool’s mining pool service opens with a concentrate on simplicity and safety, permitting entry to the mainstream proof of labor (PoW) and mining property similar to DOGE, LTC, and BELLS to offer an expertise that caters to newcomers {and professional} miners alike.
Assist for Bitcoin, the biggest crypto asset by market capitalization and most outstanding proof-of-work token, is predicted to launch quickly.
The corporate created KuPool with belief in thoughts, a consultant mentioned. decryptionsuggesting that’s the differentiating issue that distinguishes the pool from present choices.
“Belief-based mining is greater than only a technological innovation, it’s an extension and sensible embodiment of the model’s core philosophy,” they mentioned.
“Within the context of KuPool, trust-based mining seems as the basic help for changing hashrate right into a trusted asset. Miners can see their contributions and rewards in actual time, lowering info asymmetry. On the identical time, the platform integrates multi-layer encryption and compliance requirements to make sure the safety of property.”
From a enterprise perspective, the corporate mentioned a brand new service might be thought of profitable when it begins to keep up a excessive hash charge, or computational energy, secure yield, and excessive person retention.
Extra broadly, KuPool’s mission is to “promote a extra equitable world hash charge distribution by means of openness, transparency, and innovation.”
