Bitcoin mining hardware manufacturer Bitmain has announced they added support for Ethereum mining on Antpool as of May 28. In doing so, the company is welcoming all Ethereum enthusiasts to point their rigs at a new mining pool with a solid reputation.
It is quite an interesting change to see Bitcoin mining pools expand their offering to Ethereum miners as well. Albeit a lot of people firmly believe both cryptocurrencies are in direct competition with each other, this news goes to show they can co-exist peacefully without issues. Plus, Antpool is one of the most prominent Bitcoin mining pools in the world.
One of the big challenges will be to convince Ethereum miners to switch over to Antpool. But Bitmain has come up with a solution, in the form of refunding 5% of PPLNS mined between now and June 10, 2016. This offer is only valid for the first 25 Ethereum miners only.
Moreover, it is important to keep in mind the Ethereum Antpool mining pool does not provide a PPS payout structure for now. At the time of writing, it remained unclear as to whether or not this would be added in the future. That being said, PPLNS is an equally viable payout structure for Ethereum miners.
Bitmain CEO and Co-founder Wu Jihan stated:
“This will help the Ethereum network to achieve a more diversified mining market and Antpool will be able to serve a new growing area, including the GPU mining community”.
Setting up one’s Ethereum rig to start mining at Antpool requires modifying a few settings, and a full guide can be found here. Additionally, users can quickly check their mining pool statistics through this convenient web portal. So far, it looks like over 1GH/s of mining power is pointed at the Antpool Ethereum server already.
What are your thoughts on Bitmain adding Ethereum to their mining pool offering? Let us know in the comments below!
Source: Press Release via Email
Images courtesy of Bitmain, All Crypto Coins
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