http://en.zaoniao.it/index.php?action=history&feed=atom&title=BitPenny 2026-05-15T08:01:23Z Revision history for this page on the wiki MediaWiki 1.32.0 http://en.zaoniao.it/index.php?title=BitPenny&diff=3258&oldid=prev 2019-04-15T05:42:23Z

<p>Created page with &quot;BitPenny is a bitcoin mining pool that uses an [https://github.com/ForceMajeure/BitPenny-Client open-source client] to protect against potential abuses and Weaknesses|securi...&quot;</p> <p><b>New page</b></p><div>BitPenny is a bitcoin mining pool that uses an [https://github.com/ForceMajeure/BitPenny-Client open-source client] to protect against potential abuses and [[Weaknesses|security vulnerabilities]] resulting from centralized mining power.<br /> <br /> Client-side verification prevents the server from executing [[double-spending]] and other attacks. Automatic fail-over to solo mining allows the pool to disintegrate into individual mining nodes and to continue supporting the bitcoin network in a case of server unavailability, preventing a catastrophic slowdown of the entire network. The instant solo fail-over also works to increase miner efficiency by utilizing time that would normally be spent waiting for work from the server due to network lag or other issues.<br /> <br /> BitPenny uses a delayed pay-per-share (CPPSRB) payout model that is immune to pool-hopping. Shares are paid in last-in-first-out order and never decay in value, with transaction fees included in order to help avoid large backlogs of unpaid shares. More details can be found at the [http://www.bitpenny.com BitPenny website].<br /> <br /> ==Background History==<br /> <br /> BitPenny is the second-oldest mining pool, first available for beta testing starting February 08, 2011. It was the first pool to introduce the Pay-Per-Share model, instant payouts, and address-only connections that do not require registration or a password.<br /> <br /> ==Community==<br /> <br /> The IRC channel irc.freenode.net/bitpenny #bitpenny ([http://webchat.freenode.net/?channels=bitpenny&amp;uio=d4 webchat]) offers conversation with fellow miners and information from BitPenny's operator.<br /> <br /> ==See Also==<br /> <br /> * [[Pooled Mining]]<br /> <br /> ==External Links==<br /> <br /> * [http://www.bitpenny.com BitPenny] web site<br /> * [https://bitcointalk.org/index.php?topic=36371.0 bitcointalk] forum thread<br /> * #bitpenny [http://webchat.freenode.net/?channels=bitpenny&amp;uio=d4 webchat] IRC channel<br /> <br /> ==Source==<br /> <br /> [http://bitcoin.it/ http://bitcoin.it/]<br /> [[Category:Mining pools]]<br /> [[Category:Mining]]</div>

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