Namely, our mining pool Zetpool won a double for the first time – we won the first place in the most prestigious ranking of Ethereum mining pools in the world, winning in most categories, including the most desirable and opinion-forming category “90 days” (long scale) with an ADVANTAGE OF UP TO 5% over another mining pool (Ethermine)

Success applies to both mining pools: Ethereum and Ethereum Classic.

Years of hard work, hundreds of tests and improvements were not in vain.
We managed to build a very effective environment for mining cryptocurrencies, which today has a considerable 700 Gh/s of power

By the way, it was possible to prove that thanks to consistency you can leave behind the largest mining pools in the industry, which have several times larger budgets Passion, specialization and looking for improvements can move mountains.

First of all, we would like to thank our Miners who put their trust in us and all those who supported us. We hope that the coins obtained on our servers will be the best reward.

At the same time, we announce that we are officially starting work on a mining pool for Ethereum 2.0, which will work based on the Proof of Stake algorithm.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Great achievement first appeared on ŻET Technologies.

 WE GROW for the first time in history we have exceeded the barrier of 0.5 Th/s (500 Gh/s of computing power);

Zetpool creates a machine park of about 10,000 graphics cards (assuming that one card has 50 Mh/s);

 New opening we managed to build two fully operational Zetpool Ethereum servers: PPS and PPLNS, which attract more and more new miners;

Ethereum PPLNS server (approx. 300 Gh / s) with work characteristics similar to solo mining;

Ethereum PPS server (about 200 Gh / s) – with completely different characteristics – the pool pays immediately for each share sent;

 High rankings for the first time, we managed to introduce both servers to the top five in the world, where Ethereum PPLNS took first place and PPS took fifth place;

High salaries – thanks to proprietary solutions and optimization possibilities, our miners earn more than on most other mining pools;

Foreign expansion – we have implemented a support channel for our miners in English;

Privileges – we reward with additional benefits of our loyal miners: preferential exchange conditions in the exchange office, the possibility of receiving improved settings for mining rigs, the possibility of optimizing the connection between specific machines and our servers (improved, reduced number of rejects);

WE THINK PERSPECTIVELY – our server for Ethereum Classic came second in the world in the ranking, it is the most likely successor of Ethereum;

 We would like to thank our partners and our miners, together we are building a strong community away from servers.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company
designing and manufacturing advanced crypto miners.
ŻET Technologies provides computing power for blockchain
networks, creates technology for 21st century business.

The post Zetpool – summary of the six months first appeared on ŻET Technologies.

 Ethereum developers decided to implement HardFork called Gray Glacier;

 Gray Glacier activation will take place at block 15,050,000 around this Wednesday, June 29;

 Gray Glacier’s only target is to defuse the Difficulty Bomb;

 Reactivation of the Difficulty Bomb will take place in about 700,000 blocks, which in practice translates into about 100 additional days of full value production (October 2022);

 as a reminder, Difficulty Bomb is a mechanism that extends the time needed to find blocks, so miners mine less effectively;

 it should be expected that from the nearest Wednesday, the average time of finding blocks will drop from about 15 seconds to 13.5 seconds, which WILL TRANSLATE INTO AN INCREASE IN WAGES BY 10-15%;

 the second practical meaning is DELAY to migration to Ethereum 2.0, Proof Of Stake theoretically may come the fastest in October 2022, most likely it will happen several months later (2023);

 developers claim that this is the last defusing of the Difficulty Bomb in history, but remember that the previous declaration from the beginning of 2022 said that the Difficulty Bomb will never be defused again, so it is worth taking the amendment and remembering that Ethereum migration is a complex process and delays are the natural course of things;

 THEREFORE WE GAIN AN ADDITIONAL HALF YEAR OF MINING

We invite you to join mining at the zetpool mine, WE ARE HOT SUPPORTERS OF PROOF OF WORK EXTENSION – if you think similarly, join us and let’s manifest our position together.
EVERY HASH MATTERS

The post ETHEREUM – Difficulty Bomb first appeared on ŻET Technologies.

Despite the fact that Toncoin uses a blockchain operating in the Proof of Stake consensus, from the average miner’s side it looks as if it is using the Proof of Work protocol. This is because the initial 5 billion coins have been transferred to the “Proof of Stake Giver” smart contract. This smart contract distributes coins to miners according to their computing power in the darkcoin algorithm. So it is not a classic mining that generates new blocks attached to the chain, but an mining rig strongmen competition.

It is worth noting that the darkcoin algorithm practically does not burden the memory subsystem of graphics cards. This means that users of cards with high-bandwidth GDDR6X memory do not have to worry about thermal impact due to the use of algorithms that perform intensive activities using the memory subsystem. This is especially important in the case of RTX 3080, RTX3080Ti and RTX3090 cards, which have notorious problems with ensuring adequate heat dissipation from GDDR6X modules.

Moving on to the merits, our observations on Dual Mining ETH / ETC + TON:

We are mining two coins at the same time, ETH and TON. It is a value in itself

Our revenues will be higher and the investment will be more diversified (enriched with TON mining)

Low hardware requirements – 4GB graphics cards are enough to be able to mine ETC + TON

Significantly increased strain put on the equipment – on average 10-20% higher energy consumption, which translates into a significant impact on thermals and acoustics.

More TON, less ETH – the first tests show a slight decrease in ETH yield, so DUAL mining in this case is a change from one crypto to another, something for something, it is not a pure bonus.

With the high cost of electricity, the benefits may not be sufficient. ETH solo mining could turn out to be more profitable.

Some graphics card models may fail – especially RTX models with LHR, for them ETH + TON operation may just be a path to early retirement

Very dynamic increase in the difficulty of mining TON, if the trend continues, the benefits will soon be too small to compensate for the cost of accelerated wear and tear of the equipment.

Entering ETH + TON Dual mining definitely requires an in-depth profit and loss analysis, you have to answer the question whether the increased profits will compensate for the losses in the form of accelerated equipment wear and increased energy costs. For some models of graphics cards there is a green light for some unfortunately NO

We attach a video from our YouTube channel showing tests on selected mining rigs using the Zetos App.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company                                                                                  designing and manufacturing advanced crytpo miners.                                                                          ŻET Technologies provides computing power for blockchain                                                                  networks, creates technology for 21st century business.

The post DUAL Mining ETH+TON first appeared on ŻET Technologies.

Exactly on August 5, 2021, EIP 1559 was activated. It took 111 days to burn the millionth ETHER.

Below are some interesting facts related to the burning of Ethereum:

Total value of ETHERS burned: $ 3,827,057,069

 If EIP 1559 had not come into force – this amount would go to miners.

 Highest Daily Burnout: 16,852 ETHERS.

 There are often days where the burn-up rate is higher than the new ETHER emissions.

 If the emmision is lower than the number of destroyed coins, it means that ETHEREUM is a strictly deflationary currency on that day, its total number of coins in circulation LOWERS.

If on a given day the average Gas price is on the level of 120 Gwei, such a day in practice means that it is a deflationary day.

Author: Marcin Żywica from ŻET Technologies

Miner, founder of ŻET Technologies, a company                                                                                  designing and manufacturing advanced crytpo miners.                                                                          ŻET Technologies provides computing power for blockchain                                                                  networks, creates technology for 21st century business.

The post ETHEREUM Jubilee first appeared on ŻET Technologies.

ZETOS is our proprietary software for mining and monitoring cryptocurrencies.

The post ZetOS – mining OS first appeared on ŻET Technologies.