DUBAI, United Arab Emirates, Sept. 25, 2022 (GLOBE NEWSWIRE) — JaxPool, a mining pool centered on merge-mining Jax.Network with Bitcoin, has elevated its hashrate to 1.58 Ehash/s. That’s virtually a 32% improve since final week. To put into perspective, Bitcoin SV (BSV) has solely 0.54 Ehash/s and Bitcoin Cash (BCH) has 1.43 Ehash/s in the intervening time of writing.
JaxPool was launched in August 2022 to permit miners to check their mining pool and totally different modes of participation. The pool provides damaging charges, that means miners don’t must pay something for mining BTC as part of the pool. In addition, a 1% bonus in BTC is paid out for each Phash/s devoted to the pool, to not point out additional rewards in JXN.
In lower than two months, JaxPool has managed to surpass the typical day by day hashrate of each BSV and BCH. The latter occurred simply this week, as JaxPool reached an all-time excessive of 1.58 Ehash/s. At the second of writing, BSV has 0.54 Ehash/s, whereas BCH will increase its day by day hashrate to 1.43 Ehash/s, which remains to be 0.15 Ehash/s decrease than Jax.Network.
“We are extremely glad to see our pool growing as more miners decide to entrust their hashrate to merge-mine Bitcoin with Jax.Network. We expect to keep pace with the increasing demand and deliver top-notch user experience to miners,” Vinod Manoharan, Founder of Jax.Network, revealed in a remark.
About JaxPool
JaxPool is a BTC mining subpool beneath a top-5 mining pool. Its purpose is to merge-mine Bitcoin with the Jax.Network blockchain and supply miners with elevated profitability.
About Jax.Network
Jax.Network offers the technological infrastructure for a decentralized energy-standard financial system. The Jax.Network blockchain is anchored to the Bitcoin community and points two digital currencies JAX and JXN. Jax.Network goals at making these cash a common normal for the quantification of financial worth. Established in 2018, the corporate united professionals from all around the world to construct a blockchain community primarily based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling answer.
