Bitcoin Mining Ecosystem Expands As ConnectBTC Pool Is Now Open For Business

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Even though there are quite a few bitcoin mining pools already, BitMain announced a new venture. ConnectBTC is a new public bitcoin mining pool which is now open for business. It is interesting to note this pool is operated by the Bitmaintech Israel RD center, the parent company’s first research and development center outside of China. More bitcoin mining pools can only be a good thing, in the long run.

It is worth noting the ConnectBTC mining pool offers some intriguing features. Miners are always looking for detailed reports to increase their earnings. That is exactly what ConnectBTC will provide moving forward, as details are shared in real-time. Additionally, thorough analytics will be provided as well, giving miners every chance to improve their earnings.

Bitmaintech Israel Launches ConnectBTC Pool

Moreover, ConnectBTC wants to cater to both novice and experienced bitcoin miners. With no additional configuration required, users can start generating bitcoin blocks in mere minutes. The pool automatically creates workers, which is a very nice addition. Although this may seem like a small feature, it will be appreciated by all miners alike. This feature is especially useful for people who switch to ConnectBTC from a different mining pool.

ConnectBTC Manager Gadi Glikberg commented on the project as follows:

“ Our role as pools is to provide miners with liquidity and stability. We provide miners with real time data in an easy to use UI, while keeping payment plans simple and stable. In recent years, pools have come up with imaginative new payout methods that confuse customers and displace risks back to the miners. High subsidies on regular PPS plans allow miners to benefit from the increase in transaction fees while avoiding any risks.”

Bitmaintech Israel is an important RD facility for the China-based bitcoin giant. By using the latest cutting-edge developments in the mining sector, the Israeli hub will have a big role to play in the future of bitcoin. It is evident the team wants to allow miners to maximize their earnings. Moreover, the team feels they can do by minimizing the work required to set everything up. It will be interesting to see if the pool can gain any major traction moving forward. So far, the pool represents a hashrate of 3.66 PH/s.

Header image courtesy of Shutterstock

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