All things have their humble beginnings; in 2010, the first Bitcoin (BTC) mining project was created in Prague, Czechia, and was simply called Bitcoin.cz. Soon afterward, founder Mark "Slush" Palatinus decided to move on to other ventures, such as creating the world's first cryptocurrency hard wallet, Trezor. As a result, Braiins, a company doing embedded Linux development and research, took over the mining pool and renamed it accordingly.
Fast forward to now, Braiins (Slush Pool (NASDAQ:POOL)) has grown to become one of the biggest Bitcoin mining pools. There are now over 15,000 users in the space, with its total hash rate accounting for 5% to 8% of that of the overall Bitcoin network. The company derives 100% of its income via BTC and charges a 2% to 2.5% commission from its mining firmware. In an exclusive interview with Cointelegraph, Kristian Csepcsar, chief marketing officer at Braiins, explained why crypto enthusiasts are still choosing the world's oldest mining pool after all these years, despite so many competitors available.