Announcing a Return to our Roots: The All-New Bitcoin Magazine Launches Next Generation Bitcoin Mining Pool that Gives Back

 Launches Next Generation Bitcoin Mining Pool that Gives Back officially launched a Bitcoin Mining Pool. Its goal is to prevent any future 51% attacks on the bitcoin network by redistributing the total network's hashing power.
Directpool comes in as the next generation mining pool to further redistribute total network hashrate while giving back to the Bitcoin community.

New York, NY (PRWEB) March 18, 2014

The Bitcoin community raised concerns about a pool reaching the 51% network hashpower. That pool can potentially control double-spend transactions, affect confirmations and prevent miners from mining valid blocks. Satoshi himself was opposed to centralization of the Bitcoin protocol. The pool had responded by limiting new miners to their respective pool all the way to raising pool fees. Ultimately, the choice for miners was to move their equipment to other pools to greater diversify hash power across the network. The purpose of a mining pool should be to expand bitcoin to better the economic structure. This is where comes in as the next generation mining pool to further redistribute total network hashrate while giving back to the Bitcoin community.

Directpool founders brought together a skilled team to provide a Bitcoin pool that will match the services of larger pools and further distribute hashing power. The pool is merge mine ready for Namecoin so miners get rewarded with two coins not just Bitcoins. It features a PPLNS payment system and variable difficulty for better worker load. The team is fully capable of keeping miners’ information and bitcoins safe by using responsible security practices. Directpool sits behind a fully Secure Sockets Layer (SSL) connection to make sure miners’ information stays encrypted and implemented DDOS mitigation for robustness.

Another main goal behind starting Directpool was that the founders wanted to give back to the Bitcoin community as that is the key to the future of Bitcoin itself. They have taken the initiative to fund Bitcoin related projects through any donation that may be collected at Directpool. Directpool is collaborating with Bitcoin Business Alliance (BBA) to work out a structure to handle the donations for worthy projects. More information on this will be provided in the near future.

Donald (x3maniac), lead developer:

"Directpool's focus is to serve the bitcoin mining community, since we are all miners to begin with. I joined this project to ensure that the bitcoin mining community has an awesome pool that is extremely reliable and secure. Thanks to our web development team, the website looks neat and fresh. I like how my stats are displayed and I can easily access the most used features of the pool in the Quick Stats menu."

About is a modified version of Eloipool Engine which is capable of handling computing power from GPUs to the largest of ASIC equipment as well as any size mining farm. The pool is running on private dedicated equipment and moderated by talented admins to make it safe, secure, and highly stable. For further information please visit


Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara

Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

Tax accountants and firms that specialize in cryptocurrency will emerge to capture and service this market. The first movers will be the ones who stand to capture the oversized profits.

David Kemmerer

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.

Henry He