Truly a sad day Since the conception of the SmartPool, it has been our goal to provide a decentralized mining platform for miners alike to be able to contribute and participate in the novel technology of SmartPooling. As many know the SmartPool requires significant development and infrastructure. While building value for the end user, the…
GetBlok.io is excited to announce the launch of the Flux SmartPool. This will be the first SmartPool that allows cross chain interoperability. It has been one of our goals to allow multiple chains to utilize our framework to distribute their cross-chain assets fairly through PoW mining. This also enables miners interested in the Flux-ERG token to explore the defi built within both communities (Ergo & Flux).
Following the Ethereum Merge an influx of Proof-of-Work miners (Roughly 800TH) needed to find a new home to continue their mining operation. Both small and large miners began migrating to new chains and many had found interest in Ergo. On the day of the Merge, Ergo hashrate skyrocketed to an unprecedented all-time high of ~250-300TH.
Quad mining, is that even possible? Well…it is now on Ergo.GetBlok.io.
As many know, GetBlok.io is behind the innovative technology that is SubPooling. SubPooling allows for other projects to distribute their tokens fairly with proof of work mining. The projects tokens are inserted into a Smart Contract based pool, and miners can now mine these tokens in exchange or in addition to traditional ERG rewards.
As the Ethereum merge to Proof of Stake is closely upon us, GPU miners will be looking for the next best algorithm to mine. While many have already shifted over to other blockchains, we felt inspired to provide miners with a deeper insight to Ergo. To support this effort, GetBlok.io in collaboration with ErgoPad, AnetaBTC, and Comet has an on-going promotion during the entire month of September in the form of Blok Bounties. These bounties will provide additional incentives to ALL miners contributing to mining on Ergo.GetBlok.io during this time period.
Open letter to Senator Pat Toomey in response to alleged FDIC intimidation of financial institutions servicing cryptocurrency companies in the U.S.
In this article, we will explore the use cases beyond Plasma SubPool contracts, and what it means to become a fully decentralized layer-2 mining platform built on Ergo.
What is Plasma? We explain our plans and vision for an ERGO Layer 2 protocol.
Many of our community miners are asking the million-dollar question:
What’s next after the initial 10 million NETA are mined from the GetBlok.io Smart Pool?
Hopefully this post will shed some light on what is next, what may be next, and potential endeavors.
Currently payments are processed after 20 confirmations from the block find. This is typically less than 1 hr or shortly after 20 confirmations for the block find. The image below shows the different stages and sequences for a found block under GetBlok.io’s SmartPool payment scheme. To help understand how Smart Contracts-based payment processing occurs, the…
