BitDeer and Litecoin Pool reached a cooperation agreement, accelerating the construction of mining ecology

Recently, BitDeer announced that it has reached a cooperation with Litecoin Mining Pool. Litecoin Mining Pool has officially connected to the BitDeer Cloud Mining Platform and currently supports mining of two major currencies, BTC and BCH. Lu Haiyi, the founder of BitDeer, said, "As the leading mining pool for Bitcoin and Litecoin, Litecoin Mining Pool is an important partner of our cooperation. Litecoin's rich experience in mining pool and mine operation will also bring better services to BitDeer users." It is reported that Litecoin Mining Pool is a major partner that joined after the launch of BitDeer's "Mining Ecological Conference" partner plan.

Founded in January 2014, Litecoin Mining Pool is one of the world's top mining pools, spanning mining pools, mining machines, and mining farms. It owns more than 500,000 Bitcoin mining machines, and has deployed mining farms and its own computing power in many places in Sichuan, Xinjiang, and Inner Mongolia. It has played a strong linkage effect in the upstream and downstream of the mining industry. Its Bitcoin Mining Pool (BTC.TOP) and Litecoin Mining Pool (LTC.TOP) are the top mining pools in the entire network, of which the Bitcoin Mining Pool accounts for 11.2% of the total network computing power. Data shows that Litecoin Mining Pool produces 65,000 Bitcoins per year, with an output value of approximately 3.6 billion yuan.

Regarding the cooperation with BitDeer, Jiang Zhuoer, founder of LiteBit Mining Pool, said, "LiteBit Mining Pool is very happy to have the opportunity to cooperate with BitDeer in this mining pool and work together to build a mining ecosystem. LiteBit has mining pools, mining farms and other businesses. In the future, we will carry out in-depth cooperation with Deer on more businesses."

The growing prosperity of the BitDeer mining ecosystem has activated the development engine of the mining industry chain, and also accelerated the pace of partners’ entry.

The ecological effect of Xiaolu is prominent, and the cooperation of mining pools continues to increase

BitDeer is the world's first cloud mining service provider that uses real mining machine computing power. Five months after its launch, its users cover 223 countries and regions around the world, with more than 1 million monthly active users and a repurchase rate of more than 80%. Its sales growth rate in the past three months has reached 300%, and its market share has jumped to the top three in the industry, making it the cloud mining platform with the fastest user growth in the world. The ecological effect of BitDeer's mining industry is beginning to emerge.

2019 is the first year of BitDeer's ecology. In order to strengthen the ecological power and build an ecological moat, BitDeer officially launched the Partner Program at the Mining Ecology Conference on May 29, and sincerely invited partners with six different ecological roles, including mining pools, mining farms, mining machines, traffic, services, and technology, to share ecological dividends with BitDeer. As for the mining pool, Deer connects with the standard API to achieve rapid launch, and users specify the computing power to access the optional mining pool. The mining pool partners will also increase the computing power through Deer, enjoy the computing power resources of Deer's global users, and obtain additional services such as brand promotion and user traffic through cooperation with Deer.

In fact, before cooperating with Litecoin Mining Pool, BitDeer already had a number of top global mining pool partners. The four mining pool suppliers BTC.com, Ant Pool, F2PooL Fish Pool and ViaBTC alone accounted for more than half of the world's computing power.

As we all know, with the increase in mining difficulty and cost, the single-handed miner model is no longer suitable for this gold rush game. The emergence of mining pools brings together several mining machines, that is, integrates the computing power of a large number of mining machines, and can directly assign computing tasks to mining machines connected to the mining pool. As long as miners join the mining pool and contribute their own computing power to mine together, they can obtain corresponding benefits according to the computing power contribution value. In this way, miners can avoid the pressure and trouble of running a full node, increase the probability of successful mining, reduce the variance of mining returns, and obtain more stable benefits.

After Litecoin Mining Pool joined the Xiaolu ecosystem, it further consolidated Xiaolu's computing power for accessing the mining pool, and also provided users with more world-class mining pool options. These are unmatched by other cloud mining platforms, and are also the exclusive service experience for Xiaolu users.

From now on, Xiaolu users only need to click to purchase a package, select the Litecoin mining pool and enter a valid BTC/BCH wallet receiving address, select the required number of mining days, and submit the order. Mining will start 10 minutes after the order is placed. During the process, users can also specify the computing power to any other mining pool, and can view their computing power status in the mining pool in real time. Finally, the mining pool will pay the user daily income, which is real and transparent.

Xiaolu implements industry standards personally, and mining pools become important witnesses

In Xiaolu's eyes, the computing power of every computing power package sold on the platform can be traced back to the mining machine and the mining farm; there are statistics on the computing power of the mining pool, and data on the computing power sharing and submission; the computing power purchased by the user can not only be connected to any mining pool at will, but can also be switched at any time, and the real-time size and fluctuation of the computing power of the order can be checked at any time in the third-party mining pool. The daily income is paid directly to the user by the mining pool. The authenticity and transparency of computing power is the primary standard in the cloud mining industry.

It is listed alongside the three key indicators of open and fair model and compliance with volatility as the reference standard for BitDeer to measure the operation of cloud mining platforms. Mining pools, as important participants, have also become important witnesses of the Deer standard. BitDeer, the industry leader, recently released the "Cloud Mining Industry Standard (Draft)" in Beijing, referring to the data obtained during the platform operation, technology research and development, and operation and maintenance in the past six months, which unified the access standards for mining pools, mining farms, and mining machines, causing a strong response in the industry.

Judging from Xiaolu's system monitoring data on mines and mining machines, the standards for mine access are mainly reflected in three dimensions: first, electricity needs to be guaranteed for at least 98% of the time, 98% of the mining equipment needs to operate normally, 98% of the mining equipment needs to have normal network communications, there must be strict network firewall settings, complete fire prevention and disaster prevention facilities, and active response from operation and maintenance personnel.

The access standard for mining machines is that the computing power fluctuation does not exceed plus or minus 5%. The equipment can operate normally in harsh environments such as high and low temperatures, humidity, dryness, wind and sand. At least two backup mining pools are set up, and mining pool exploration is actively supported. If there is a problem with the currently connected mining pool, it can be quickly switched. The mining pool life cycle is maintained for more than six months.

So far, according to statistical calculations, the computing power fluctuation rate of BitDeer is 1~2%, the mining machine downtime rate is 0%, the mining machine online rate is 100%, and the mining machine compliance rate is 99.99%.

Strict screening standards, healthy and stable operation, explosive growth in users, and high-quality global partners have given Xiaolu the confidence and confidence to become a benchmark in the cloud mining industry. BitXiaolu, which has laid a solid foundation, will continue to play a leading role in future ecological construction, bringing together the best industry partners in the mining industry chain to jointly expand the industry pie and share their respective dividends. Xiaolu also hopes to return to its original intention: to lead the industry on the right track and allow users to make more money.