Differences Between Fish Ponds and Mining Pools (Latest News on Fish Ponds and Mining Pools)

What are the differences between fish ponds and mining pools? First of all, the difference lies in the way mining is conducted. For most people, mining involves running their own nodes on cloud computing servers or cloud computing power, which is a relatively simple process. You join a team of miners and use your equipment to mine in another mining pool.

So why choose other types of mining pools? Because there are many issues to address. For example, cryptocurrencies like Bitcoin do not have a dedicated mining mechanism; instead, they use a program similar to “packaging.” This leads to competition among miners. Fish Ponds adopt this model. Secondly, Fish Ponds use blockchain technology to ensure the security of transaction records, thus ensuring consistency of data between trading parties. This prevents any party from tampering with data to achieve faster and better confirmation of transaction results. Fish Ponds also have their own set of rules to safeguard user asset security and income. Lastly, Fish Ponds set reward plans and daily repurchase methods based on the user’s capital scale to encourage everyone to continuously increase their investment portfolio.

Latest News on Fish Ponds and Mining Pools

According to official news from Fish Ponds, on August 2nd, Fish Ponds released the latest issue of “Updates and Suggestions on Mining.” The article mentions that with the maturity of the digital asset market, the recent continuous rise in Bitcoin prices, the depreciation of currencies caused by the global pandemic, and the increasing attention of global regulatory agencies to the digital asset field, more mainstream countries are starting to view digital finance as a potential investment tool and gradually integrating relevant investment methods into the blockchain ecosystem for deployment and research.

At the same time, Fish Ponds has also introduced multiple new initiatives to support industry development: adding new channels for listing currencies; launching a trading zone and applying for the PFCA alliance license; supporting PoW hashrate mortgage and lending business; upgrading the listing schedule for S19 Pro miners to ensure safer and more stable user experience; supporting POS full-position leverage mining functionality.