Difference between revisions of "Bitp.it"

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(Created page with "Bitp.it is an embedable Javascript Bitcoin Miner which creates a Distributed Miner through sending workunits to different browsers viewing a webpage. ==O...")
 
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Bitp.it is an embedable Javascript Bitcoin Miner which creates a [[Distributed Miners| Distributed Miner]] through sending workunits to different browsers viewing a webpage.
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Bitp.it (pronounced bit pit) was a Bitcoin mining pool where members could work together to solve blocks.
  
==Overview==
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First launched June 12th, 2011, bitp.it chose to forgo the conventional route of pushpool due to it's numerous bugs and lack of scalability.
  
To use Bitp.it, the user signs up on the homepage. They then are sent a customized javascript script to embed in the <head> section of their webpage. This then uses the browser of users viewing the webpage as a [[CPU Miner]], pooling the distributed resources to earn Bitcoins through [[Bitcoin Pooled Mining|Slush's Pool]].
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Its owners disappeared suddenly at the end of 2011, taking all pool balances with them.
  
==History==
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==Overview==
 
 
The project was announced on the [http://forum.bitcoin.org/index.php?topic=9042.msg130817#msg130817 Bitcoin Forum] on May 20, 2011 by 1bitc0inplz, one of the lead developers.
 
 
 
The project, met with resounding approval, soon gained a better UI and more features such as an overview of the performance of all sites, the ability to change your wallet, and a view of the current balance.
 
  
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Bitp.it utilized the ESMPPS reward scheme to ensure fair payment in a PPS fashion, while avoiding the risk of paying out more than the pool.
 
==See Also==
 
==See Also==
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* [[Comparison of mining pools]]
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* [[Pooled Mining]]
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==External Links==
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* [https://pool.bitp.it bitp.it] web site
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* [http://bitcointalk.org/index.php?topic=12181.0 bitp.it forum]
  
*  [[Distributed Miners]]
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==References==
 
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<references />
[[Browser Bitcoin Miner]]
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[[Category:Pool Operators]]
 
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[[Category:Defunct products or services]]
[[CPU Miner]]
 

Latest revision as of 01:52, 10 June 2019

Bitp.it (pronounced bit pit) was a Bitcoin mining pool where members could work together to solve blocks.

First launched June 12th, 2011, bitp.it chose to forgo the conventional route of pushpool due to it's numerous bugs and lack of scalability.

Its owners disappeared suddenly at the end of 2011, taking all pool balances with them.

Overview

Bitp.it utilized the ESMPPS reward scheme to ensure fair payment in a PPS fashion, while avoiding the risk of paying out more than the pool.

See Also

External Links

References