SVPool now holds 6.25% of Bitcoin BCH global hash

Despite being officially opened for business just last October 22, there’s no denying that SVPool—the public mining pool for Bitcoin Cash (BCH)—is growing steadily.

At press time, the public Bitcoin BCH mining pool already holds 6.25% of the global BCH hash power, according to Coin Dance data. On a seven-day basis, SVPool accounts for 3.4% of all BCH blocks mined, already a considerable growth given that the pool mined its first BCH block only last October 10.

SVPool now holds 6.25% of Bitcoin BCH global hash

True to its “miners choice, miners first philosophy,” SVPool offers zero fees to miners, and launches with initial Pay-per-last-N-shares (PPLNS). It plans to add more features and Pay-per-share plus (PPS+) options in November.

SVPool now holds 6.25% of Bitcoin BCH global hash

SVPool, managed by CoinGeek Mining is a personal initiative of nChain Chief Scientist Dr. Craig Wright. It proudly runs Bitcoin SV, the new full node implementation of Bitcoin BCH designed to fulfil the original Satoshi white paper’s vision for Bitcoin.

Other competing BCH implementations, such as Bitcoin ABC, seek to experiment with unnecessary technical changes to the Bitcoin protocol, which will disturb the economic genius of Satoshi’s system. In contrast, Bitcoin SV’s roadmap is easy to understand: restore the original Satoshi protocol, keep it stable, enable the BCH network to massively scale, and professionalize Bitcoin. The Bitcoin SV implementation will allow global enterprises to confidently operate and build their major projects on a stable, scalable BCH protocol.

SVPool is open to all public miners on the Bitcoin BCH network who want to generate more long-term revenue. It’s worth noting, however, that the mining pool is not just for BCH miners—BTC miners who believe in Bitcoin’s original vision are also invited to begin mining BCH with SVPool.

In an interview with CoinGeek, Wright explained why all miners should sign up with SVPool or commit their miners to run Bitcoin SV, saying: “[Miners] seek long-term growth, not quick money. A system they can steward over generations. A money their grandchildren will be proud to take stewardship over in generations to come.”

Interested in learning more about Satoshi Vision, Bitcoin SV and SVPool? Join the gathering of miners at the CoinGeek-sponsored Bitcoin BCH Miners Choice Summit at The Harbour Grand Hotel in Hong Kong on November 2. The dynamic half-day conference is free of charge and will feature the industry’s most exclusive guest speakers. Seats to the event are limited, so best to RSVP now.

Miners are also invited to take part in the CoinGeek Week Miners Day, happening as part of the CoinGeek Week Conference in London this November. The SVPool and CoinGeek Mining team will be on-hand to discuss how you can do your part in making Bitcoin BCH realize its full potential. Secure your seat today via Eventbrite for the four-day conference that’s shaping up to be the essential Bitcoin BCH conference this fall.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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CoinGeek-sponsored Bitcoin BCH Miners Choice Summit happens in Hong Kong on November 2

When the August 2017 Bitcoin Cash hard fork took place, it did not really create a new coin. Instead, Bitcoin Cash (BCH) was the rebirth of the original Bitcoin, designed to stay to true to the Satoshi Vision (SV).

With Bitcoin BCH, the roadmap is for massive on-chain scaling by significantly increasing the block size, enabling fast transaction processing, and keeping transaction fees very low. The key BCH developer groups have had some differences about how quickly BCH should scale, and the dangers of developer groups constantly trying to experiment with proposed technical changes to the Bitcoin protocol.

CoinGeek-sponsored Bitcoin BCH Miners Choice Summit happening in Hong Kong

Now we have Bitcoin SV, the new full node implementation for Bitcoin BCH that will restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of BCH. By trusting the original design of Bitcoin rather than constantly changing it, Bitcoin SV will support global adoption, enterprise-level usage of BCH, and allow miners to earn more longer-term revenue.

To gain more insight about Satoshi Vision, as well as Bitcoin SV and SVPool, miners are invited to attend the CoinGeek-sponsored Bitcoin BCH Miners Choice Summit, taking place at The Harbour Grand Hotel in Hong Kong on November 2.

The dynamic half-day conference will feature the industry’s most exclusive guest speakers, including nChain Chief Scientist Dr. Craig S. Wright and nChain Group CEO Jimmy Nguyen, along with CoinGeek Mining’s Bob Yuan, one of the most respected mining professionals in China. More speakers will be announced soon.

Recently, Dr. Wright launched his personal initiative—the public Bitcoin BCH mining pool SVPool—to all public miners on the Bitcoin BCH network. SVPool represents BCH miners who support the Satoshi Vision and want to generate more long-term revenue. BTC miners who believe in Bitcoin’s original vision are also invited to begin mining BCH with SVPool.

Wright explained: “If you believe in Bitcoin’s original vision, you believe in Bitcoin SV and SVPool. For too long, developer groups have repeatedly tried changing Bitcoin. The original Satoshi protocol for Bitcoin does not need to be fixed. It has everything BCH needs to massively scale, support tokenization, smart contracts and other advanced features, and become the only global public blockchain. Just like the Internet has a stable protocol, Bitcoin needs a stable protocol so businesses can build upon a rock solid foundation rather than constantly moving sand.”

The CoinGeek-sponsored Bitcoin BCH Miners Choice Summit is an event not to be missed. Seats are limited, so best to RSVP now to RSVP@svpool.com to confirm your attendance at this iconic event.

Miners are also invited to take part in the CoinGeek Week Miners Day, happening during the CoinGeek Week Conference in London this November. The SVPool and CoinGeek Mining team will be on-hand to discuss how you can do your part in making Bitcoin BCH realize its full potential. Secure your seat today via Eventbrite for the four-day conference that’s shaping up to be the essential Bitcoin BCH conference this fall.

The Bitcoin SV project was created at the request of and sponsored by Antiguan-based CoinGeek Mining, with development work initiated by nChain. The project is also owned by the Antiguan-based bComm Association on behalf of the global BCH community, and the Bitcoin SV code is made available under the open source MIT license.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

The post CoinGeek-sponsored Bitcoin BCH Miners Choice Summit happens in Hong Kong on November 2 appeared first on Coingeek.

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