Bitcoin

<p>Leading <a href="https://blockchainreporter.net/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> mining pool, <a href="https://www.f2pool.com/" rel="noopener noreferrer nofollow">f2pool</a> has announced earlier today its mining services on Aleo testnet 3, following the activation of the incentivized testnet stage.</p><p><a href="https://www.aleo.org/" rel="noopener noreferrer nofollow">Aleo</a> is an upcoming layer 1 <a href="https://blockchainreporter.net/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> platform for developing scalable and private applications while applying zero-knowledge <a href="https://blockchainreporter.net/glossary/cryptology/" rel="noopener noreferrer nofollow">cryptography</a>.</p><h2 id="header-0">f2pool Mining Rewards On Aleo</h2><p>Slightly different from its standard <a href="https://blockchainreporter.net/glossary/mining-pool/" rel="noopener noreferrer nofollow">mining pool</a>, f2pool mining rewards on Aleo will be settled daily as credits in accordance with the payout scheme of Pay-per-last-N-shares (PPLNS).</p><p>Additionally, the payout will be sent to miners according to Aleo’s follow-up post about the details of the incentives. Per the announcement, the inclusion of other wallets and reward withdrawals are currently yet to be supported.</p><h2 id="header-1">Miners To Complete KYC</h2><p>f2pool further mentioned in the announcement that users must have to complete the <a href="https://blockchainreporter.net/glossary/know-your-customer-kyc/" rel="noopener noreferrer nofollow">KYC</a> process after Aleo’s mainnet launch in order to receive incentivized testnet rewards.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/70f779456c1c4e5a9d761e7387459568.png" /></p><p>“If f2pool cannot pass through KYC by the Aleo project team, we will not be eligible to receive rewards from the network and thus cannot distribute them to you,” concluded f2pool in the announcement.</p><p>Launched in 2013 and founded by Chinese investors, f2pool, also known as Discus Fitch, is one of the largest <a href="https://blockchainreporter.net/tag/crypto/" rel="noopener noreferrer nofollow">crypto</a> mining pools in the world. It is a geographically distributed mining pool aimed at helping miners secure <a href="https://blockchainreporter.net/glossary/proof-of-work-pow/" rel="noopener noreferrer nofollow">proof-of-work (Pow)</a> networks.</p>

f2pool Launches Mining Services on Aleo Testnet 3

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