SVPool mines first Bitcoin BCH block

This week marks a milestone for public Bitcoin Cash (BCH) mining pool SVPool, which officially mined its first Bitcoin BCH block on Wednesday.

At 2:12 p.m. UTC on Oct. 10, a 7.15MB block was mined at block height 55185, which accounts for 25 transactions. Data available on Coin Dance and Bitfire have yet to officially identify SVPool as the miner behind the transaction, but the Coinbase pay-to address is that of SVPool.com.

SVPool mines first Bitcoin BCH block

A personal initiative of nChain Chief Scientist Dr. Craig Wright, SVPool is currently on a by-invitation only beta launch until late October. After that, SVPool will open up to the public. You can still sign up here for the mining pool.

At press time, hundreds of mining registrants around the world have already signed up for SVPool—a huge jump from the 233 miners that pre-registered in September. Majority of these miners are from the United States, China, United Kingdom, Canada, Australia, and India. The mining pool also has miners from Spain, South Africa, Brazil, Germany, South Korea, Japan, Malaysia, Sweden, Venezuela, Russia, Switzerland, and the Netherlands, among others.

SVPool offers an initial Pay-per-last-N-Shares (PPLNS), but it is already working towards adding more features and Pay-per-share plus (PPS+) options by November.

SVPool is managed by CoinGeek Mining, and will help and remunerate miners—large or small—to ensure BCH remains a truly trustless and decentralized system. The public mining pool stands in solidarity with CoinGeek in the belief that BCH is the only true Bitcoin that fulfills that Satoshi Vision.

Incidentally, miners are also invited to the CoinGeek Week Miners Day, taking place on 28 November 2018 as part of the CoinGeek Week Conference in London, where the SVPool and CoinGeek team will be on-hand to discuss how you can help Bitcoin BCH realize its full potential. Secure your seat via Eventbrite for the three-day conference that’s shaping up to be the most important 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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Over 200 Bitcoin BCH miners sign up ahead of SVPool’s official launch

More than 200 Bitcoin Cash (BCH) miners have already pre-registered to join SVPool ahead of its launch later this month, a sign of a growing appetite in the community for ‘Satoshi Vision’ and the Miner’s Choice initiative.

At press time, some 233 miners and groups around the world have already signed up for SVPool. Majority of these registrants come from the United States, followed by Canada, United Kingdom, Australia, China, India, South Korea, Brazil, Japan, Germany, Malaysia, Spain, and Venezuela.

These groups are joined by miners from Russia, South Africa, Sweden, the Netherlands, Vietnam, Finland, France, Iran, Mexico, New Zealand, Norway, Philippines, Qatar, Switzerland, Austria, Bulgaria, Cayman Islands, Chile, and Colombia. Groups from Croatia, Denmark, Greece, Hong Kong, Israel, Italy, Kazakhstan, Pakistan, Portugal, Rwanda, Saudi Arabia, Singapore, Swaziland, Taiwan, Thailand, UAE, Uganda, Ukraine, Uzbekistan, and Belgium round up the first batch of early registrants for SVPool.

A personal initiative of nChain Chief Scientist Dr. Craig Wright, SVPool is a public Bitcoin BCH mining pool that will represent miners following the original Satoshi Nakamoto vision via the Bitcoin SV implementation of the BCH protocol. SVPool stands in solidarity with CoinGeek in the belief that BCH is the only true Bitcoin that fulfills the Satoshi Vision.

SVPool will have an initial Pay-per-last-N-Shares (PPLNS) offering when it goes live towards the end of September, while a Pay-per-share plus (PPS+) option will be added in November. SVPool, managed by CoinGeek Mining, will help and remunerate miners—large or small—to ensure BCH remains a truly trustless and decentralized system, in accordance with the original Nakamoto white paper.

Want to help Bitcoin BCH realize its full potential? Pre-register now for SVPool.

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 Over 200 Bitcoin BCH miners sign up ahead of SVPool’s official launch appeared first on Coingeek.

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