KuCoin was able to offer much lower mining fees on its pool thanks to its team, which reportedly has more than six years of expertise in the industry.
The CEO of KuCoin, Johnny Lyu, also revealed the KuCoin Pool will encourage “green mining” by offering miners that use renewable energy discount on their fees.
The new brands of the company include Poolin Mining Pool, Poolin Finance, Poolin Mining, and Mining Fund.
The goal is to make Poolin an all-in-one platform for all things mining, including the mining itself, investment in DeFi, mining hosting, and mining investments.
October 20, 2020, 6:21 PM
Teacher Li Xiaolai gives the keynote speech “Investment is a way” at the Poolin 2020 Blockchain Summit in Chengdu, the capital of southwestern China’s Sichuan province on October 16, 2020. Poolin
Several power plant workers were arrested after their crypto mining equipment was discovered by law enforcement agencies at the Yuzhnoukrainsk nuclear power plant.
Six Radeon RX 470 GPU video cards, a motherboard, cooling units, hard drive, and other electronics were confiscated.
Priced at $1,270, the machine can mine SHA256-based cryptocurrencies at 40TH/second.
In addition, it adopts a new dual tube heat dissipation structure, which the company claims will reduce the space between the air inlet and the air outlet by 50%. Improving heat dissipation is important in the long run, as it can offer a considerable reduction in maintenance costs.
In an official statement, the company claimed that its newly designed internal circuit structure would allow the Z11 to reach three times the hash rate of its predecessor – up to 135 KSol/s.
The efficiency of the device has also seen a drastic improvement – its new 10.50 J/KSol rate should provide 60% savings in electricity costs.