bitcoin Mining Company DEMAND Announced Global Opening Today Stratum V2 mining pool, according to a press release sent to bitcoin Magazine. This cluster, built on the open source Stratum Reference Implementation (SRI), aims to usher in a new era for mining by introducing improved security, flexibility and performance.
According to the statement, the Stratum V2 protocol marks a significant advancement over its predecessor, offering a set of improvements that not only elevate mining capabilities but also champion a more decentralized mining landscape.
Alejandro de la Torre, co-founder and CEO of DEMAND, said: “With Stratum V2 and our new individual mining pool, we aim to make home mining more attractive, which should indeed help decentralize the mining ecosystem. of bitcoin and improve the health of the bitcoin Network in general.”
A key feature of Stratum V2 is that it allows individual miners to build their own block templates. Traditionally, mining pool operators exercised control over transaction selection, posing centralization risks vulnerable to potential regulatory pressures for transaction censorship. Stratum V2 now grants mining pool users the autonomy to select transactions for inclusion in blocks, fostering a more decentralized, censorship-resistant network.
“Because bitcoin mining is overwhelmingly done through mining pools, transaction selection has become relatively centralized: only a few mining pool operators can essentially decide to collude and prevent certain transactions from ever being confirmed.” said DEMAND co-founder and SRI project leader Filippo Merli. “Stratum V2 returns the power of transaction selection to individual miners, to make the mining ecosystem more decentralized and bitcoin more resistant to censorship.”
To take advantage of Stratum V2’s capabilities, miners will need to run the SVPool translator proxy using the pool configuration file along with a statement of work client and configure a bitcoin Core node to receive transactions over the peer-to-peer network. bitcoin peer. DEMAND plans to incentivize miners to create block templates by reducing fees for these users, promoting greater total node participation, and strengthening the bitcoin ecosystem.
Currently, DEMAND exclusively serves solo miners, giving them the opportunity to find blocks independently, ensuring that the entire block reward goes to the successful solo miner. Additionally, DEMAND facilitates reselling hash power on a marketplace, ensuring that users maximize their profits by participating in mining or redirecting hash power to the highest bidder.
Looking to the future, DEMAND It anticipates expanding its services to encompass pooled mining, fostering a collaborative environment where users share profits with each other.
