ZK.Work positions itself as a premier platform for zero-knowledge proof mining, launching with the Aleo mining pool as its first product and Ironfish as its second. The team plans to continually seek out top-tier ZK projects and add promising mining initiatives to the platform, striving to establish themselves as a top mining pool. The team says that they have many years of experience in ZK.
The business model for mining pools is quite simple and has been observed in the BTC and ETH pools.
At the moment, it is challenging to analyze the project in any meaningful way since they only have test networks up and running. However, it is encouraging to see that third-party developers are making efforts to enhance mining algorithms.
- P.S. Leaves a Pitchdeck to be desired.
- P.P.S If you don't know how the mining pool works: By contributing their computing power to the pool, participants can earn cryptocurrency. The pool combines the computing power of all its members to increase the likelihood of successfully mining a new block. Once a block is mined, rewards are distributed among the participants based on their contribution to the pool's computing power. Therefore, those who contribute more computing power will receive a higher share of the reward. While some pools charge a small fee to cover their operating costs, joining a mining pool can be more profitable than mining alone. Show Less
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