Bitmaintech Israel has launched ConnectBTC, a Bitcoin mining pool positioned as \"the new home for miners.\" The move marks the first public offering from Bitmain's Israeli research center, the company'
Bitmaintech Israel has launched ConnectBTC, a Bitcoin mining pool positioned as "the new home for miners." The move marks the first public offering from Bitmain's Israeli research center, the company's first major R&D operation outside China.
ConnectBTC operates with infrastructure designed for optimal efficiency and returns. The pool charges no fees on pay-per-share arrangements and grants miners a 6% additional subsidy, bringing total payouts to 106% of the block reward. Through a user-facing dashboard, participants access real-time data and performance analytics without needing to build custom monitoring tools.
Gadi Glikberg, ConnectBTC's manager, explained the pool's positioning: "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."
Glikberg also addressed the broader mining pool landscape. "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."
Since 2013, Bitmain has developed and sold Bitcoin miners using proprietary ASIC chip technology. The company released the Antminer S9 in May 2016, the world's first consumer-grade Bitcoin miner using 16nm process ASIC technology and the most power-efficient Bitcoin miner.
Bitmain oversees multiple brands and services. Antpool, its mining operation, generates about 15% of all Bitcoin blocks. Hashnest, a cloud mining service the company created in 2014 with Umisoo, provides another avenue for mining. The company maintains headquarters in Beijing and operates offices across Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, and Shenzhen.
Miners adopted pooled mining when mining difficulty climbed so high that solo operators could wait years to find a single block. Participants contribute computational power toward block generation and split rewards according to their share of contributed processing capacity.
