- Summary:
- KuCoin’s exchange’s KuCoin Pool has sponsored the 2022 edition of Mining Disrupt conference. We discuss what could come out of it.
KuCoin Pool, a leading mining pool built by KuCoin, is sponsoring Mining Disrupt 2022. The current market climate and strategies to combat it will be the primary topic of the conference. It will also serve as a forum for stakeholders to discuss the current state of the mining industry, as well as its transformation and different aspects. Titled “Mining Disrupt”, this is the world’s foremost conference on mining. It is currently underway in Miami, Florida, USA, running from July 26 to July 28.
KuCoin Pool and mining in a negative crypto market
KuCoin Pool supports the Proof-of-Work (PoW) consensus algorithm and has been operational since August 2021. It enables miners from all over the world to join the pool and earn a steady income. Within a year of its inception, it has risen to be among the 10th-largest Bitcoin mining pool in size. This is strong evidence of its appeal among the mining community, considering that dozens of mining pools have been around for much longer.
Ultimately, KuCoin Pool aims to make mining cryptocurrencies and earning mining rewards as simple as possible for the common user. In addition, it has launched a series of high-end derivative items. This has made mining more accessible to a broader range of people. It has also provided them with a wider range of investment options.
Due to the prolonged market downturn, mining has become less attractive for many crypto enthusiasts in recent times. Low crypto prices mean that the profit margins from mining become smaller. This is because the energy costs remain relatively unchanged despite the low crypto prices. However, mining equipment prices have reduced substantially in response to the low demand associated with dwindling crypto prices. Therefore, participants at the KuCoin-sponsored Mining Disrupt 2022 will likely be looking for ways to adjust to the current market dynamics.