新BCH矿池MEMPOOL忠于“矿工选择”,支持BITCOIN SV

比特币现金(BCH)矿池Mempool正式投入运营

上周六,Mempool宣布其矿池同时在比特币现金网络以及比特币上对矿工“即时开放”。 对于BCH来说, Mempool将在即将到来的11月15日协议更新后运行Bitcoin SV全节点实现。这一实现方式旨在支持最初的比特币中本聪愿景(Satoshi Vision,简称“SV”)。

该矿池在其公告中写道:“Mempool坚信最初比特币白皮书中描述的中本聪愿景。 “Mempool将参与和专业挖矿组织之间的竞争,与其财库存款人分享池内收益。”

Mempool忠于“矿工选择、矿工为先”的中本聪愿景,让其比特币现金矿工选择以比特币现金(SV)或比特币的形式收取酬金。 该矿池表示,“由于市场中不同加密货币的流动性不同或与其金融基础设施的整合度不同,有些矿工对于使用哪种加密货币有自己的偏好。” 对于即将到来且争议不断的比特币现金硬分叉来说,许多矿工希望支持Bitcoin SV实现,但是担心收到的比特币现金无法立刻变现。 Mempool允许其比特币现金矿池中的矿工选择以比特币的形式收款,而比特币未来在比特币现金哈希算力大战后依旧具有流动性,这样就解决了矿工的担忧,或者也可以选择直接收取比特币现金(SV)代币。

矿工可以使用该矿池简单易用的网站设置页面,选择自己所挖掘的加密货币以及希望以哪种加密货币收款,此外还可以选择奖励模式,即PPLNS“Pay-per-last-N-shares” (根据过去的N个股份來支付收益)或PPS“Pay-per-share ” (每股付费+)。

Mempool矿池的另外一个独一无二的特点是财务存款,可以让矿工兑换自己收到的比特币现金,甚至可以将比特币转换为比特币现金(SV)。 据Mempool表示,未来这将“有助于让矿工收到的回报保持稳定并且分享矿池的收益。”

如果矿工在挖掘一种区块链,但是希望收到另一种加密货币(例如,挖掘的是比特币现金(SV),但是希望收到比特币),那么Mempool财务部门将负责进行支付。 财务部门为每种加密货币单独设立账户,当挖出一个区块时,区块奖励会分发到相应的账户,然后通过相应的账户付款给矿工。

为了计算某个矿工可以收到的数字货币的数量,Mempool根据Poloniex和BitAsiaEx的数据来建立了一个不断浮动的24小时平均价位。 Mempool表示,账户余额只能在收到100次区块确认后才能提取,从而确保矿池不会受到区块链重组的影响。

该矿池还指出:“我们鼓励您持有您认为未来会升值的加密货币。 决定权在您手中。 如果比特币现金成为了世界货币,随着时间的推移如果使用比特币现金的人逐渐增多,对比特币现金的需求也会不断上升。”

Mempool目前正在限时特惠零矿池手续费(只针对单独区块链的独立挖矿)以及零兑换费。 11月15日,整个矿池将主要开采比特币现金(SV)区块链,但是矿工仍然可以通过财务部门将回报兑换为比特币。 未来,矿池手续费和加密货币兑换费将由矿工自身承担并根据其份额分配到相应的财务账户中。然而目前,可以将其作为一种将比特币转换为比特币现金(SV)的简易方法。

此外,Mempool还取消了独自开采一条区块链所收取的费用,并对此解释道:“自发行起,我们应该就能够进行独自开采比特币现金,但是为了独自开采比特币现金并且保持盈利,我们需要增加至少2个哈希算力。 因此,在我们发展壮大之前,我们将使用合作方的矿池,将我们的哈希算力指向该矿池并与其合并。 该合作伙伴的矿池手续费从5%起,带入的算力越多,价格将越便宜。

Mempool使用可一种创新方法来展示矿工抉择的力量,承诺为了实现中本聪愿景,将召集矿工来支持Bitcoin SV 的路线图。

如需了解更多该矿池的独特之处,请联系Mempool。
To learn more about the mining pool’s unique features, contact Mempool.

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 新BCH矿池MEMPOOL忠于“矿工选择”,支持BITCOIN SV appeared first on Coingeek.

Read More

New BCH mining pool Mempool stays true to ‘miners choice’ philosophy and supports Bitcoin SV

Bitcoin Cash (BCH) mining pool Mempool is in business.

On Saturday,  Mempool announced the “immediate availability” of its mining pool for miners not just on the Bitcoin BCH network, but also on BTC. For BCH. Mempool will run the Bitcoin SV full node implementation, which is designed to support the original Satoshi Vision (SV) of Bitcoin, in the upcoming November 15 protocol upgrade.

“Mempool believes in the Satoshi Vision that is described in the original Bitcoin whitepaper,” the mining pool said in its announcement. “Mempool will participate in competition between professional miners and share pool fees with its treasury depositors.”

True to the Satoshi Vision’s philosophy of “miners choice, miners first,” Mempool gives its BCH pool miners the choice to get paid either in Bitcoin BCH (SV) or in BTC. According to the mining pool, “Some miners have different preferences on coins based on the coin’s liquidity in the market, or their integration with their financial infrastructure.” During the upcoming contentious hard fork of BCH, many miners wish to support the Bitcoin SV implementation, but may be concerned about earning BCH coins that may not be immediately liquid. Mempool solves that concern by allowing its BCH pool miners to choose to receive payouts in BTC which will remain liquid during the BCH hash war, or alternatively choose to receive BCH (SV) tokens.

Using the settings page in the pool’s easy-to-navigate website, miners can choose which coin they mine, which coin they want to receive for payment, and what payout model they want—either Pay-per-last-N-shares (PPLNS) or Pay-per-share (PPS).

Another unique feature of the Mempool mining pool is the treasury deposit, which allows miners to convert their payouts into BTC, or even swap their BTC to Bitcoin BCH (SV). This, according to Mempool, will “help stabilize the payouts to the miners and share the fees that the pool collects” in the future.

If the miners want to get paid in a coin different than the chain they mined (for example, getting paid BTC even though they mine BCH (SV)), the payout will come from the Mempool treasury. The treasury uses a separate account for each coin, and when a block is mined, the block rewards are distributed to the treasury accounts used to pay the miners.

To calculate the number of coins a miner will receive Mempool uses Poloniex and BitAsiaEx to create a moving price average on a 24-hour period. The account balances can only be withdrawn after 100 block confirmations to ensure that the pool will not be affected by chain reorgs, according to Mempool.

“We encourage you to hold the coin you believe will be more valuable in the future. The decision is in your hands. If BCH becomes cash for the world, it could have more and more people using it over time and become more in demand than BTC,” the mining pool noted.

Mempool is offering a 0% mining fee (for solo mining a chain) and 0% conversion fee for a limited time. On November 15, the whole pool will focus on mining the BCH (SV) chain, although miners can still receive their payouts converted into BTC by the treasury. In the future, the mining pool fee and coin conversion fee will be coming from the miners themselves and shared among the relevant treasury accounts according to their share. For the moment, however, think of it as a way to easily convert BTC into BCH (SV) coins.

Mempool also hashed out the fees for solo mining a chain, explaining, “We will be able to solo mine BCH from the launch, but to solo mine BTC profitably, we need to have at least 2 exahash. So before we grow large enough, we will use a partner pool to point our hash to and combine with theirs. The partner pool fee starts at 5% and goes down the more hash you bring.”

Mempool uses a creative approach to demonstrate the power of miner’s choice, and its own commitment to gathering miners to support Bitcoin SV’s roadmap for the Satoshi Vision.

To learn more about the mining pool’s unique features, contact Mempool.

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 New BCH mining pool Mempool stays true to ‘miners choice’ philosophy and supports Bitcoin SV appeared first on Coingeek.

Read More

Will this be a protracted hash-war?

Ideally, it should be quick, clear, and decisive. There’s talk of a long protracted hash-war, and I wanted to illustrate the circumstances in which such a thing can happen and what it would mean for the eco-system.

Dragging this out is in nobody’s interest. But the reality is that there indeed is a chance of this occurring. It may not be likely, but the possibility is there.

There are two ways I see this playing out.

The first scenario is straight forward. Both camps put all their resources up-front and forward, and we wait out to see the winning competing chain. The real trouble with this measure is that there is no definitive block count that settles a winner. But this scenario does make the assumption that whoever takes the lead early, will continue with this mining power and therefore maintain the lead.

The outcome would then look similar to the graph below:

Will this be a protracted hash-war?

The x axis is intentionally omitted here since the time-line on determinations is rather subjective. But suffice to say that the longer the period, the clearer the winning team of the longest chain becomes.

The possibility of the second scenario, complicates the first however. There have been rumours for example, stating that Bitmain may employ intermittent hash bursts, borrowed or rented from elsewhere (ie. A BTC pool) to ensure their chain stays ahead. I’m not here to comment on the validity of these rumours. They are at this stage, rumours, and until the hashwar is underway, we probably won’t know with certainty. But they do present a dilemma in calculating the victor.

The outcome would look something more like this:

Will this be a protracted hash-war?

Camp 1 in the above diagram employs an early mining effort with borrowed hash to get ahead and attempt to declare an early victory. The borrowed hash effort ends, and if Camp 2 truly has more dedicated hash, then it would begin to claw its way back to a longer chain. As Camp 2 threatens, it would re-employ the same strategy to remain in front.

This can oscillate indefinitely, and it would be a scenario that nobody would want. For many the oscillating lead would be insufficient in declaring a clear winner, and further, it has the potential to not only affect the wait time on exchanges halting withdrawals, but also, create more uncertainty for merchants, and as well as even more inconsistent block confirmations.

Coingeek is hoping that dedicated hash is used alone to settle the score. To find a victor early on and then move forward with building BCH to be a global currency. It is in part one of the reasons why Calvin Ayre referred to this possibility as market manipulation.

My personal position on this hash battle is that the longest chain should settle things once and for all. We have so much to gain, and ironically, so much to lose. I asked Calvin on his position should ABC win the hash battle, and he responded “If ABC win, then I will follow and constantly work on striving to make future changes for the better.”

I felt this was a very level headed response. If we keep saying BCH is Bitcoin, then hash power decides. The argument that hash power decides BTC is technically Bitcoin is mute simply for the fact that BTC is not even cash. It is a Frankenstein project now designed to be something else entirely different. Roger had the perfect tweet in response to this:

At Coingeek we maintain that BCH is Bitcoin, and we will continue to fight for it to remain Bitcoin.

Eli Afram
@justicemate

The post Will this be a protracted hash-war? appeared first on Coingeek.

Read More

SVPool BCH hash power breaches 8% as mining pool tops 30,000 miners

The growth continues for SVPool, the public mining pool for Bitcoin Cash (BCH).

As of Friday, SVPool already accounts for 8.33% of the Bitcoin BCH global hash power, according to data from Coin Dance. Trailing behind SVPool are Bitcoin.com (6.94%), ViaBTC and BTC.com (5.56%), followed by BTC.top and Waterhole (3.47%), Antpool and Northern Bitcoin (2.08%), P2Pool (1.39%), with Houbi and F2Pool bringing up the rear with 0.69%. CoinGeek still leads the pack with 24.31%, followed by BMG Pool and OKMiner with 12.5% each. Other mining pools account for 9.03% of the BCH hash power.

SVPool BCH hash power breaches 8% as mining pool tops 30,000 miners

On a seven-day basis, SVPool is also up to 4.4%. This period of growth comes as the public mining pool onboards over 30,000 miners—less than two weeks after it opened for business.

SVPool BCH hash power breaches 8% as mining pool tops 30,000 miners

SVPool is a personal initiative of nChain Chief Scientist Dr. Craig Wright. It operates under the “miners choice, miners first philosophy,” offering zero fees to miners and launching with initial Pay-per-last-N-shares (PPLNS). It plans to add more features and Pay-per-share plus (PPS+) options in the coming weeks.

The public mining pool is managed by CoinGeek Mining and proudly runs the Bitcoin SV full node implementation, which is designed to fulfil the Satoshi Vision for Bitcoin.

Unlike other competing BCH implementations, such as Bitcoin ABC, that seek to experiment with unnecessary technical changes to the Bitcoin protocol, Bitcoin SV’s roadmap will 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. The mining pool, however, is not just for BCH miners—BTC miners who believe in Bitcoin’s original vision are also invited to begin mining BCH with SVPool.

Interested in learning more about Satoshi Vision, Bitcoin SV and SVPool? Join the gathering of miners at the upcoming CoinGeek Week Miners Day, happening as part of the CoinGeek Week Conference in London at the end of 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 to the four-day conference today via Eventbrite.

The post SVPool BCH hash power breaches 8% as mining pool tops 30,000 miners appeared first on Coingeek.

Read More

The choice is simple—yes or no. Do you support Satoshi Vision?

Inside the world’s first hash war

I’d like to start off with my personal view of what Bitcoin is. Bitcoin is sound money for the entire world to use. I believe that the current economic model as designed by Satoshi Nakamoto works, today. The software client will of course require regular development in order to scale to global capacity, but the foundation of its economic design is rock solid. With the removal of the blocksize cap, it has worked flawlessly up until now, and we can steer the ship to success.

The various voices that criticise my stance on “locking down” the protocol are truly unfounded. If I wanted to lock down client and avoid further changes, why would Coingeek be funding things like the Terab project? It’s because Coingeek is committed to looking ahead, and to scaling Bitcoin for the entire world.

This isn’t about control. This is about Coingeek and friends casting their economic vote, in order to protect a vision of Bitcoin that we believe in. That vision, is scalable, workable money for the entire world. The people at Coingeek and myself have worked very hard on this vision. We have poured countless resources and money into sponsorship programs to spread the message of BCH. We have funded, and put money into a variety of projects such as Terab, and Cash Shuffe. We have been donating to charities in an effort of goodwill and BCH promotion. Further, recently, we even announced the winner of a £5 million tokenization project, with a further £1m yet to be awarded to another project in the same area.

All of these ventures and movements by Coingeek have been done in the name of, and for the success of BCH. The tremendous mining power we have been employing lately is a sign of our dedication to building and protecting BCH. The hashrate not only protects the network, but provides Coingeek with an economic voice to vote for or against proposals. It is in this case that we disagree with the fundamental direction of ABC. We do not agree that there needs to be a rushed transactional ordering change in blocks, and we do not agree on the introduction of other opcodes providing that Bitcoin script can attain the same function.

We have stated previously, that we are not in the business of rejecting any change. But we do view Bitcoin as a global solution to money that needs to be viewed and worked with in a more rigorous, and meticulous manner. Major changes that are not urgent, can afford the time for research and sound testing time.

It’s important to note, that above all, Bitcoin SV, does not introduce anything new that Satoshi Nakamoto did not include in his roadmap for Bitcoin. We would like to see the original implementation restored in it’s entirety, first and foremost. It is a key differentiator of roadmaps between ABC, and Bitcoin SV.

I have been invested in Bitcoin for quite a while, and more recently, I have invested heavily in infrastructure to support BCH from the ground up. The countless hours of effort and millions of dollars spent have been with one goal in mind. To make Bitcoin BCH the leading cryptocurrency in the world, and to have it working as global money for the entire world.

We have already had glimpses of BCH’s prowess. Numerous projects are rolling in demonstrating its capability in smart contracts, tokenization, social media, private messaging, and much more. It’s clear that Bitcoin BCH outperforms Ethereum and any other crypto for scalability and workability. BCH is valuable… much more valuable that its current market valuation may suggest. It has an incredible future that needs to be protected.

Bitcoin is not a developer’s playground. In any business, or system, it is the economic incentives that drive progress. Too many times, in crypto communities, it has been the tail wagging the dog. And it’s time we professionalize and make a stand on the direction that we believe in, to ensure the longevity of the currency that we as a community have invested in… Not just in the next few years, but for decades forward. We plan to do all that we can within our means, to make Bitcoin BCH global scale. This is why I support Satoshi Vision, and I invite you join in allegiance for a better money for the world.

If you want to hash out the world’s first hash war with the thought leaders and other members of the Bitcoin BCH community, join the upcoming CoinGeek Week Conference this November. The four-day conference, taking place in London on November 27-30, will kick off with Miners Day—an invitation-only event where miners can discuss latest BCH advancements. Secure your seats to CoinGeek Week today via Eventbrite.

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 The choice is simple—yes or no. Do you support Satoshi Vision? appeared first on Coingeek.

Read More
Top