Nostr Web Client

Swan announced that they have a sizable mining division (4.5 EH now, going to 8 EH by March) and today they are taking it out of stealth mode.

https://bitcoinmagazine.com/business/swan-bitcoin-launches-mining-division-targets-over-8-exahash-by-march

average_bitcoiner 1y ago

Thats not mining. That's hash renting. They don't construct block templates. Probably because you meed a node for that.

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Discussion

mdubore 1y ago

Is owning your own equipment not mining now?

average_bitcoiner 1y ago

What do they own? Not a bitcoim node. Miners craft block templates. Hashers just trust other peoples node to provide the template. Swan likely hashing, not mining.

mdubore 1y ago

Interesting break down.

average_bitcoiner 1y ago

Credit to Ocean pool for clarifying this. Coupled with learning stratum v2 stuff.