KirinPool Operation Update (June 14, 2019)

2 min readJun 14, 2019

As an important part of the Waltonchain ecosystem, Waltonchain’s KirinPool was officially launched on June 11, 2019.

With the increased influence of Waltonchain in the global blockchain industry and the profitability of mining on the Waltonchain Mainnet, more and more external computing power is connected to the Mainnet. A 10x increase of network hash power has been observed outside KirinPool recently.

The KIRINMINER ASIC miners are the hardware core ensuring the Mainnet security and guarding the healthy and safe development of Waltonchain’s ecosystem in the future. KIRINMINER buyers have concerns about whether the ROI can be within the previously announced timeframe.

In order to maintain the mining revenue of community users and ensure the Mainnet safety (prevent 51% attacks), Waltonchain hereby announces that starting from the end of June, KirinPool will gradually adopt measures to reduce the mining difficulty and user fee, as well as PPS (Pay Per Share)* mode in order to encourage mining with KIRINMINER in KirinPool and create a relatively equal mining environment.

Thank you for your support and understanding!

Note:

PPS (Pay Per Share) is a mining pool reward system where the operator gives a set payment per share submitted proportional to its average worth, regardless of how many valid blocks the pool finds.