Bitmaintech Israel Dives into Mining Pool

Announcements, Blockchain, FinTech | April 5, 2017 By:

Bitmaintech Israel, Bitmain’s first R&D center outside of China, has announced the launch of new mining pool ConnectBTC.

The company claims that the new mining pool operates under a robust infrastructure and employs the latest cutting-edge technologies to allow members to maximize their profit and minimize the work required. The pool charges 0% on pay-per-share (PPS) and subsidizes members with an additional 6% for a total of 106% of the block reward.

According to ConnectBTC manager Gadi Glikberg, the pool is aimed at providing a way for miners to avoid the risk they encounter in the mining process.

“We see that pools have begun to offer creative new ways of payments that roll the risk back to the miners. We believe that with the recent fluctuations in the tx fees, miners deserve to have the pool bear the risk and offer a fixed payment that takes into account the tx fees,” Glikberg said.

The pool has been operating in closed beta since December and has amassed a small amount of hash power since. The company expects that level to grow over the coming months.