SVPool nears 20% of global BCH hash power

SVPool nears 20% of global BCH hash power

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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%), (6.25%), ViaBTC (4.86%), (4.86%), (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.

New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.