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.
On a seven-day basis, SVPool already accounts for 8% of the Bitcoin BCH hash power.
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.
I support Bitcoin SV
— Jack C. Liu (@liujackc) November 4, 2018
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.”
Bitcoin Cash was built on the premise that hashpower determines consensus, if you reject that premise then you reject Bitcoin Cash. If Bitcoin SV wins the hash war, then it is Bitcoin Cash, even if this means it’s led by Craig Wright and Calvin Ayre. Cryptoanarchy is strange!
— Cøbra (@CobraBitcoin) November 3, 2018
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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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.
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 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.
