{"id":73710,"date":"2022-09-26T05:00:04","date_gmt":"2022-09-26T05:00:04","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=98741"},"modified":"2022-09-26T05:00:04","modified_gmt":"2022-09-26T05:00:04","slug":"jax-networks-mining-pool-gains-1-58-ehash-s","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/jax-networks-mining-pool-gains-1-58-ehash-s\/","title":{"rendered":"Jax.Network\u2019s mining pool gains 1.58 Ehash\/s"},"content":{"rendered":"
DUBAI, United Arab Emirates, Sept. 25, 2022 (GLOBE NEWSWIRE) — JaxPool<\/u><\/a>, a mining pool focused on merge-mining Jax.Network<\/u><\/a> with Bitcoin, has increased its hashrate to 1.58 Ehash\/s<\/u><\/a>. That\u2019s almost a 32% increase since last week. To put into perspective, Bitcoin SV (BSV) has only 0.54 Ehash\/s<\/u><\/a> and Bitcoin Cash (BCH) has 1.43 Ehash\/s<\/u><\/a> at the moment of writing.<\/p>\n JaxPool<\/u><\/a> was launched in August 2022<\/u><\/a> to allow miners to test their mining pool and different modes of participation. The pool offers negative fees, meaning miners don\u2019t have to pay anything for mining BTC as a part of the pool. In addition, a 1% bonus in BTC is paid out for every Phash\/s dedicated to the pool, not to mention extra rewards in JXN.<\/p>\n In less than two months, JaxPool has managed to surpass the average daily hashrate<\/u><\/a> of both BSV and BCH. The latter happened just this week, as JaxPool reached an all-time high of 1.58 Ehash\/s<\/u><\/a>. At the moment of writing, BSV has 0.54 Ehash\/s<\/u><\/a>, while BCH increases its daily hashrate to 1.43 Ehash\/s<\/u><\/a>, which is still 0.15 Ehash\/s lower than Jax.Network.<\/p>\n \u201cWe 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,\u201d Vinod Manoharan, Founder of Jax.Network, revealed in a comment.<\/p>\n About JaxPool<\/strong><\/p>\n JaxPool<\/u><\/a> is a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.<\/p>\n About Jax.Network<\/strong><\/p>\n Jax.Network<\/u><\/a> provides the technological infrastructure for a decentralized energy-standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling solution.<\/p>\n DUBAI, United Arab Emirates, Sept. 25, 2022 (GLOBE NEWSWIRE) \u2014 JaxPool, a mining pool focused on merge-mining Jax.Network with Bitcoin, has increased its hashrate to 1.58 Ehash\/s. That\u2019s almost a 32% increase since last week. To put into perspective, Bitcoin SV (BSV) has only 0.54 Ehash\/s and Bitcoin Cash (BCH) has 1.43 Ehash\/s at the [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nCONTACT Viktoriya Nechyporuk, Marketing Communications Lead \u00a0\u00a0\r\nCOMPANY Jax.Network\r\nPHONE +380 67 657 0029\r\nEMAIL viktoriya@jax.net<\/a>\r\nWEB https:\/\/jax.network<\/a><\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"