Gear up for the main Bitcoin BCH Professional Stress Test with Bitcoin SV

With the protocol upgrade now behind us, the Bitcoin Cash (BCH) network is all set for the final part of the Bitcoin Cash Professional Stress Test, the biggest test ever conducted on a public blockchain.

The team behind Stresstestbitcoin.cash, which operates independently of the BCH implementation groups, will run the main test on November 17 at 12:00 UTC with a goal of processing over 24 million transactions within a 24-hour period on the main BCH chain to showcase the network’s current capacity. On its website, the team said the stress test “will be a positive signal for merchants, businesses and investors, giving them confidence in the Bitcoin BCH network and its ability to scale on-chain.”

The BCH Professional Stress Test has already conducted a Taste Test last November 1, followed by a Warm Up Test last November 10. The pre-test took place over four-hour period and generated over 1.5 million transactions, or around 400,000 transactions per hour.

During this test, SVPool and BMG Group successfully generated five full 32MB blocks—proof “that there are mining systems on the BCH network today that are ready to mine blocks larger than 32MB,” according to the pre-stress test report. SVPool, a personal initiative of Dr. Craig Wright, and nChain’s BMG Group run Bitcoin SV (Satoshi Vision), the full node implementation designed to fulfill the vision set out by Satoshi Nakamoto’s original Bitcoin white paper.

Unlike other competing BCH implementations which seek to make unnecessary changes to Bitcoin, Bitcoin SV’s roadmap is to restore the original Satoshi protocol, keep it stable, enable it to massively scale, and allow major businesses to confidently build on top of BCH.

Of the five 32MB blocks, four were generated within less than one hour. The team stressed, “These 4 blocks were all mined by BMG pool in rapid succession showing that their infrastructure is ready for blocks larger than 32MB.” Other mining groups that use Bitcoin SV—CoinGeek and SVPool—also mined very large blocks during the pre-test. SVPool mined a 20.6MB block, and CoinGeek mined a 15.4MB block.

Meanwhile, mining pools that run Bitcoin ABC achieved much smaller blocks during the pre-test: ViaBTC mined a single 8MB block, while most other blocks mined using Bitcoin ABC were at most 1-2MB during the pre-test.

Based on the pre-test results, it’s highly recommended that everyone get ready for the main stress test event on November 17 by running Bitcoin SV. After all, the preview test has already confirmed that Bitcoin SV is correct about its scaling roadmap: the BCH blockchain can handle much larger blocks and can more quickly scale for big enterprise use.

And after the BCH Professional Stress Test, come to the CoinGeek Week conference from November 28-30 (with a special advance Miner’s Day on November 27)—it’s the perfect venue to meet the thought leaders and discuss the implications of the world’s first Bitcoin Hash War fought according to Nakamoto Consensus.

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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SVPool nears 20% of global BCH hash power

Bitcoin BCH mining pool SVPool holds 19.44% of global Bitcoin BCH hash power as of November 12, second only to the CoinGeek pool holding 29.17%.

Trailing behind are BMG Pool (11.81%), AntPool (6.94%), Bitcoin.com (6.25%), ViaBTC (4.86%), Mempool.com (4.86%), BTC.com (4.86%), okminer (3.47%), Waterhole (2.78%), F2Pool (0.69%), and P2Pool (0.69%). Other pools account for the remaining 4.17% of BCH hash power.

SVPool nears 20% of global BCH hash power

On a seven-day basis, SVPool holds 13.8% of BCH hash power.

SVPool nears 20% of global BCH hash power

SVPool, a personal initiative of nChain chief scientist Dr. Craig Wright, allows miners of BCH who believe in the original Satoshi Nakamoto vision for Bitcoin, to generate greater revenue for the long term. It initially offers zero fees to miners, and has launched with a Pay-per-last-N shares (PPLNS) reward system, with Pay-per-share plus (PPS+) options to come in the next few weeks.

As Dr. Wright puts it, “Miners need to be empowered to drive things forward,” rather than be subject to developers’ dictates.

SVPool is for miners who believe in allowing immediately for massive scaling, as part of ensuring they remain profitable, where bigger blocks also mean higher-volume transactions and more transaction fees to collect for miners. Increasing the default maximum block size to 128MB is a step to larger blocks later on. This is crucial for when the block reward halves in two years and every four years afterwards. SVPool also boasts of having a world-class, highly responsive customer service team in both English and Chinese, to ensure miners have the best experience.

The pool runs Bitcoin SV (Satoshi Vision), the full node implementation that maintains the original Satoshi protocol, keeping it stable, while enabling the BCH network to scale and become truly professionalized. The Bitcoin SV implementation allows global enterprises to confidently operate and build their major projects on a stable, scalable BCH protocol.

Interested in learning more about Satoshi Vision, Bitcoin SV and SVPool? Join the gathering of miners at the upcoming Miners Day, happening as part of the CoinGeek Week Conference in London on Nov. 27-30. It’s the perfect opportunity to meet the members of the BCH community and discuss not just the ongoing reality of Miners Choice for Bitcoin going forward but also why enterprise applications needing Bitcoin should stop moving in order for the ecosystem to grow. Secure your seat to the four-day conference today via Eventbrite. Also, join the (free) bComm Association and be part of the revolution.

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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Only 2 weeks remain to sign up for CoinGeek Week

Undoubtedly, one of the most important cryptocurrency conferences of this fall is rapidly approaching. CoinGeek Week will be held in just about two weeks and, due to requests from the mining community, a new day of events has been added especially for crypto miners.

On November 27, a special invitation-only event—the Miners Day—will be held in London. Following the completion of the Bitcoin BCH hard fork and a major stress test of the blockchain’s capabilities, this will be a unique opportunity to understand where the blockchain is headed and how the November events will impact the future.

Miner’s Day is open to the mining community by invitation only. There will be representatives present from the mining pools, software developers, equipment manufacturers and experts behind the latest mining innovations. If you would like to attend, contact CoinGeek.

Everyone is watching to see how the Bitcoin BCH hard fork goes in just a few days. Regardless of the outcome, Bitcoin BCH will continue to be the strong, leading digital currency that it is today. It continues to be embraced by the global retail industry on an exponential basis and doesn’t show any signs of slowing down. The CoinGeek Week conference will be the perfect opportunity to get together with those involved in the hard fork in order to understand the current state of the blockchain and what’s in the pipeline.

Following Miner’s Day, November 28-30 are days dedicated to developers, merchants and the future. Apart from the intense learning experiences, there will also be a number of networking events, giving attendees the opportunity to make new alliances and expand their business interests. This is a golden opportunity that can’t be missed by anyone ready to embrace cryptocurrency.

The November 28-30 CoinGeek Week conference will be held at The Mermaid, Puddle Dock in London. Following the last day of activities, CoinGeek founder and Bitcoin BCH proponent Calvin Ayre will host one of his world-famous after parties for attendees who have made it to all the activities. It’s the perfect way to wrap up a perfect conference.

Tickets are on sale now, but space is running out quickly. You can purchase your ticket today using either Bitcoin BCH on the CoinGeek website or, if you prefer, with a credit card through Eventbrite. Don’t wait—register now and don’t just witness history—be a part of it.

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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SVPool hash power touches 13%

Bitcoin BCH mining pool SVPool continues its impressive, rapid growth, holding 13.89% of global hash power for the currency as of November 7, according to data from Coin Dance.

Trailing behind are BTC.com (9.03%), ViaBTC (7.64%), okminer (5.56%), Bitcoin.com (4.86%), BMG Pool (3.47%), AntPool (2.78%), GMO IG (2.78%), Huobi (1.39%), P2Pool (0.69%), and Prohashing (0.69%). BTC.top and CoinGeek hold the largest share among pools, at 21.53% and 15.28%, respectively. Other pools account for 10.42% of hash power for Bitcoin BCH.

SVPool hash power up to over 13%

On a seven-day basis, SVPool holds 9.1% of BCH hash power.

SVPool hash power up to over 13%

SVPool, a personal initiative of nChain chief scientist Dr. Craig Wright, allows miners of BCH who believe in the original Satoshi Nakamoto vision for Bitcoin, to generate greater revenue for the long term. It initially offers zero fees to miners, and has launched with a Pay-per-last-N shares (PPLNS) reward system, with Pay-per-share plus (PPS+) options to come in the next few weeks.

As Dr. Wright puts it, “Miners need to be empowered to drive things forward,” rather than be subject to developers’ dictates.

The pool runs Bitcoin SV (Satoshi Vision), the new full node implementation that maintains the original Satoshi protocol, keeping it stable, while enabling the BCH network to massively scale and become truly professionalized. The Bitcoin SV implementation allows global enterprises to confidently operate and build their major projects on a stable, scalable BCH protocol.

CoinGeek recently awarded £5 million to Tokenized, an on-chain token system designed exclusively for the BCH network and proudly uses the original Satoshi Vision design of Bitcoin. CoinGeek’s tokenization contest is still open, with a secondary award of £1 million up for grabs.

nChain earlier this week affirmed Bitcoin SV’s increasing dominance and appeal to miners. As of the time of nChain’s statement, Bitcoin SV was already supported by over 40% of the BCH hash total. “The Bitcoin SV consensus rules stand a very strong chance of becoming the dominant implementation on the BCH blockchain,” the statement read.

Interested in learning more about Satoshi Vision, Bitcoin SV and SVPool? Join the gathering of miners at the upcoming Miners Day, happening as part of the CoinGeek Week Conference in London on Nov. 27-30. It’s the perfect opportunity to meet the members of the BCH community and discuss not just the ongoing reality of Miners Choice for Bitcoin going forward but also why enterprise applications needing Bitcoin should stop moving in order for the ecosystem to grow. Secure your seat to the four-day conference today via Eventbrite. Also, join the (free) bComm Association and be part of the revolution.

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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Hong Kong Bitcoin BCH Miners Summit recap

On November 2nd, CoinGeek.com sponsored a Bitcoin BCH Miners Summit at The Grand Harbour in Hong Kong. The event was a chance for Bitcoin BCH miners to network and learn why Bitcoin SV is the BCH implementation they should choose for the upcoming upgrade on November 15.

Tony Tong, the co-chairman of the Hong Kong Blockchain Association, was the host for the proceedings and opened up with a warm welcome to the miners before introducing the first speaker for the day, nChain Chief Scientist Dr. Craig S. Wright.

Dr. Wright spent his time painting a picture of the possibilities and future opportunities for miners if they can use their collective power wisely.

He spoke of the importance of not leaving the future to the developers who want to make major changes every six months and increasing its complexity, stressing, “We are not throwing out bitcoin because Bitcoin works, there is no need to make it harder as simplicity is critical.”

Dr. Wright asked the audience to look to the future, a future in which mining companies held the same respect the banks used to before the financial collapse.

Miners should focus on creating generational businesses that can be passed down to their children rather than focusing on the get-rich-quick empty promises of ICOs which are like the IPO mills of the late 1990s.

The entirety of Dr. Wright’s speech will be available on CoinGeek.com in a few days.

nChain’s Jimmy Nguyen was next to the stage to speak on the four pillars on which Bitcoin SV sits, saying, “Bitcoin SV is created with four pillars in mind. It is a BCH protocol implementation that is stable, scalable, secure, and enables safe instant transactions. Those pillars advance the Satoshi Vision for Bitcoin BCH to reach global adoption as the new money and the dominant global public blockchain.”

Nguyen talked about his belief that it’s time for Bitcoin to grow up and to lock in the protocols, just as the Internet protocol was locked in, thus allowing development of the internet into what we have today. The entirety of Jimmy Nguyen’s speech will be available on CoinGeek.com in a few days.

Steve Shadders, nChain’s lead developer, joined Nguyen on stage to spend time explaining the more thorough technical benefits for miners who use the Bitcoin SV implementation and the importance of removing the limits.

Shadders talked about Bitcoin SV allowing transactions beyond simple payments, transactions requiring blocks more massive than anything in use today.

Nguyen reminded the attendees that with each miner’s reward halving, miners would need to take on more transactions and earn more transaction fees to make up for the reduced reward.

The entirety of Steve Shadders’s speech will be available on CoinGeek.com in a few days.

After the break, Joe Chin of CoinGeek Mining gave a talk on the benefits of the SVPool and encouraged the mining community to give it a test run.

In his first official public appearance since winning the CoinGeek.com Tokenization contest, James Belding gave us a sneak peek at his award-winning on-chain BCH token solution which garnered a large ovation from the audience.

Speaking with James after, he told me, “It was exciting for me to finally be able to share what our team has been working hard on over the last few months.

I believe our token solution combined with a stable Bitcoin protocol, as Satoshi always envisioned, will help make BCH the global standard for distributed ledgers. I enjoyed meeting many of the thoughtful and passionate members of the Chinese blockchain community, and I look forward to my next time in Hong Kong.”

You will be able to meet James Belding and learn more about his Token solution at CoinGeek Week in London on November 27-30. To book your tickets, please visit here.

The final speaker of the day was Mr. Yuan Bo of CoinGeek Mining. Mr. Bo gave the room a sneak peek at the early test results for the upcoming Squire Miners. The tests indicate these will be the most cost-effective ASIC miners on the market when they are released, and the numbers created audible murmurs and a few loud cheers from the audience.

If you want to learn more about the Squire Miners, please be sure to attend CoinGeek Week’s Miners Day on November 27 in London.

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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nChain releases statement on protocol upgrade and hash war

nChain has released a public notice intended for cryptocurrency exchanges and bitcoin cash wallet operators. The company is offering its recommendation on how these companies should handle the hash war and the potential of a BCH split.

You can read their statement below in its entirety:

On November 15, 2018, the Bitcoin Cash (BCH) network will undergo a scheduled protocol upgrade. This protocol upgrade has been different to previous upgrades due to differences in opinion as how best to evolve the Bitcoin Cash network to continue to meet the demands of enterprises and consumers who support Bitcoin Cash. We have developed Bitcoin SV, a new full node implementation for Bitcoin Cash, designed to support the original “Satoshi Vision” of Bitcoin. We are asking BCH miners to vote for the Bitcoin SV implementation over competing implementations (such as Bitcoin ABC) using their hash power under Nakamoto consensus rules.
As the November 15 date nears, we provide exchange operators and wallet providers this update about Bitcoin SV and the protocol upgrade’s short-term material impact on their operations.

What is Bitcoin SV?

With Bitcoin SV, we are not seeking to create a new Bitcoin variant and we are not intending to create a new Bitcoin SV token. Instead, Bitcoin SV merely gives BCH miners another choice of implementation (competing with Bitcoin ABC and other existing BCH implementations) for miners who want to support the original Satoshi Vision for Bitcoin.   As set forth in the original Bitcoin white paper, it is up to miners’ voting with their hash power (the Nakamoto consensus mechanism) to decide rules for the network.

At our BitcoinSV.io website, you can find out more information about the Bitcoin SV implementation, and a link to our GitHub repository where the Bitcoin SV code can be downloaded.

What Will Happen After the November 15 Protocol Upgrade?

  • A temporary Bitcoin Cash chain split is imminent on November 15th between Bitcoin SV and Bitcoin ABC. (Bitcoin Unlimited, another key BCH implementation, intends to remain neutral and be compatible with both Bitcoin SV and Bitcoin ABC rule sets, as a configurable option.)
  • There will likely be a period of time before this temporary chain split is resolved, while miners are voting with their hash power.
  • Significant miner hash power (over 40% of the current BCH hash total) is supporting Bitcoin SV. Therefore, the Bitcoin SV consensus rules stand a very strong chance of becoming the dominant implementation on the BCH blockchain.
  • No transaction replay protection is in place on Bitcoin ABC or Bitcoin SV.

Which Chain Should be Recognized as Bitcoin Cash?

We believe that exchanges, as well as other BCH business operators, should recognize as Bitcoin Cash (and the ticker symbol BCH) the longest chain with the most legitimate, sustained Proof of Work. The Nakamoto consensus procedure is how Bitcoin’s decentralized system is meant to work, rather than leaving the Bitcoin Cash name and BCH ticker symbol forever in the control of any group(s) who may have initiated it or claim to control it.
We do not ask exchanges to pick a side between Bitcoin SV, Bitcoin ABC or other implementations. In fact, exchanges should remain neutral because their function is not to decide the technical roadmap for Bitcoin Cash or choose between implementations of BCH.

Exchanges: What Should They Do Before the November 15 Protocol Upgrade?

  • Immediately install a Bitcoin SV node: We highly recommend that exchanges immediately install a Bitcoin SV node to be prepared in the case that SV becomes dominant so that exchanges can continue Bitcoin Cash trading with minimal delay and disruption to users.
  • Consider suspending BCH deposits/withdrawals. Neither Bitcoin SV nor Bitcoin ABC have implemented transaction replay protection, as the intention is for only one chain to survive. We recommend that exchanges evaluate risks and consider, as a precaution, whether to suspend Bitcoin Cash deposits/withdrawals until one chain emerges as dominant. If exchanges continue to operate during this period, it is highly recommended that transactions continue to support existing consensus rules and are broadcast to both chains until such time a dominant chain emerges.

Wallet Operators: What Should They Do for the November 15 Protocol Upgrade?

  • Immediately install a Bitcoin SV node. We highly recommend that BCH wallet operators also immediately install a Bitcoin SV node to be prepared in the case that SV becomes dominant to avoid disruption to users.
  • Notify Users of Possible Delays. It would be prudent to notify users that they may experience some delays in sending and receiving BCH after the protocol upgrade and resulting hard fork.
  • Risks of Wallets Accepting DSV Transactions.   Bitcoin.com has announced intention for its wallet to run the new Bitcoin ABC v 0.18.2 client after the protocol upgrade and before one chain emerges as dominant.  The new Bitcoin ABC client adds a controversial new OP_code (OP_DATASIGVERIFY).  Bitcoin.com has stated that its wallet will add OP_DATASIGVERIFY as a default to all transactions sent from its wallet.  By stating that all transactions will utilise OP_DATASIGVERIFY, there is a real risk of Bitcoin.com users losing their funds if the chain supporting OP_DATASIGVERIFY does not eventually survive.  This same risk would apply to users of any other wallet that also runs the new Bitcoin ABC 0.18.2 client and includes OP_DATASIGVERIFY in their transactions as default after the protocol upgrade and before one chain emerges as dominant.

The Bitcoin SV project is committed to the success of Bitcoin Cash and fulfilling the original Satoshi vision for Bitcoin. Our team members stand ready to answer any questions you may have. Please email support@bitcoinsv.io with any questions.

Read the original version here.

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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SVPool global BCH hash power up to 10%; OKEx’s Jack Liu backs Bitcoin SV

Another day, another period of growth for public Bitcoin BCH mining pool SVPool.

Data on Coin Dance showed that as of Nov. 2, SVPool holds 10.42% of global Bitcoin BCH hash power. Following behind are ViaBTC (9.72%), OKMiner (7.64%), Bitcoin.com (5.56%), BTC.com (4.86%), Antpool (4.17%), Waterhole (2.08%), P2Pool and GMO IG (1.39%), and Huobi and Northern Bitcoin (0.69%). BMG Pool takes the top spot with 13.19%, followed by CoinGeek and BTC.top with 11.11% respectively.

SVPool global BCH hash power up to 10%; OKEx’s Jack Liu backs Bitcoin SV

On a seven-day basis, SVPool already accounts for 8% of the Bitcoin BCH hash power.

SVPool global BCH hash power up to 10%; OKEx’s Jack Liu backs Bitcoin SV

SVPool is a personal initiative of nChain Chief Scientist Dr. Craig Wright. It offers zero fees to miners and launching with initial Pay-per-last-N-shares (PPLNS), and plans to add more features and Pay-per-share plus (PPS+) options in the coming weeks. Customer hash for the public mining pool, which opened for business last Oct. 22, is currently around 30,000 miners.

SVPool is managed by CoinGeek Mining and proudly runs the Bitcoin SV full node implementation, which is also experiencing a growth in popularity—and support—within the BCH community.

Over the weekend, Jack C. Liu, former chief strategy officer of digital asset exchange OKEx and current advisor to Bitcoin Cash Association, announced his support of the full node implementation designed to fulfil the Satoshi Vision for Bitcoin.

Cobra Bitcoin, the anonymous handler of the bitcoin.org website, also signaled his support for Bitcoin SV. In a tweet on Nov. 2, the developer announced that he “will be running and supporting Bitcoin SV,” noting that “we need to stop adding too many features all at once, and the protocol as implemented by Bitcoin SV makes the least changes.”

This marked a change of heart for Cobra Bitcoin, who, in August, promised to release his own implementation for Bitcoin BCH that would include replay protection and would also prevent transactions from being replayed across different chains when a split takes place. It appeared, however, that the anonymous developer is fed up of Bitmain “trying to become a more powerful version of Blockstream” and forcing “changes through without consensus.”

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.

To protect this vision of a scalable, workable money for the entire world, CoinGeek and its founder, Antiguan entrepreneur Calvin Ayre, have poured resources and money into several projects—from Terab to Cash Shuffle—to spread the message of BCH. CoinGeek recently awarded £5 million to Tokenized, an on-chain token system designed exclusively for the BCH network and proudly uses the original Satoshi Vision design of Bitcoin. CoinGeek’s tokenization contest is still open, with a secondary award of £1 million up for grabs.

Interested in learning more about Satoshi Vision, Bitcoin SV and SVPool? Join the gathering of miners at the upcoming Miners Day, happening as part of the CoinGeek Week Conference in London on Nov. 27-30. It’s the perfect opportunity to meet the members of the BCH community and discuss not just the ongoing reality of Miners Choice for Bitcoin going forward but also why enterprise applications needing Bitcoin should stop moving in order for the ecosystem to grow. Secure your seat to the four-day conference today via Eventbrite. Also, join the (free) bComm Association and be part of the revolution.

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Miners Day at CoinGeek Week Conference an important event for all miners

CoinGeek has been planning its November CoinGeek Week conference for the past six months, but recently had to make a significant change. Based on input from cryptocurrency miners, the event will feature an additional day, dedicated specifically to the mining community. The day’s activities will provide a look at what is going on with Bitcoin BCH mining and where the mining community is headed.

CoinGeek Week will take place from November 27-30 at The Mermaid, Puddle Dock in London, with Miners Day inaugurating the event. This special day will provide a number of seminars highlighting efforts to enhance Bitcoin BCH mining activities and providing expert participation on how miners can get the most out of their mining efforts. Coming on the heels of the Bitcoin BCH upgrade scheduled for the middle of the month, this is going to be a fantastic opportunity to look at where the network has been and how the upgrades are impacting mining activity.

Other days of the conference will target different aspects of Bitcoin BCH and the role it plays in a global retail digital economy. Bitcoin BCH is the only cryptocurrency that is dedicated to producing a digital currency that can be used by anyone, anywhere and is continuously receiving more support by merchants and crypto enthusiasts for its rapid network capabilities and extremely low transaction costs.

CoinGeek’s conferences were first launched in May of this year. They have quickly garnered significant attention in the crypto ecosystem because of the information they deliver and their ability to attract some of the most highly qualified experts in the field. This November’s conference will offer a series of discussions, Q&A sessions and networking opportunities that make it a valuable tool for anyone looking to step deeper into the cryptocurrency space.

There are only just about three weeks left until the conference kicks off. Attendance requires a reservation and response has already been tremendous, given as it’s the perfect opportunity to meet the members of the BCH community and discuss not just the ongoing reality of Miners Choice for Bitcoin going forward but also why enterprise applications needing Bitcoin should stop moving in order for the ecosystem to grow.

Don’t delay—you can purchase your ticket today using either Bitcoin BCH on the CoinGeek website or, if you prefer, with a credit card through Eventbrite. Come be part of history.

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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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.

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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.

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