A new mining pool will be following Bitcoin SV in the upcoming Bitcoin Cash (BCH) hard fork. Mempool, a recognized and popular Bitcoin Cash mining pool, announced ‘immediate availability’ of the mining pool for both Bitcoin BCH and BTC.
After the BCH hard fork, Mempool will be following the Bitcoin SV full node implementation. According to Bitcoin SV supporters, this fork follows the original Satoshi Vision of Bitcoin. The network upgrade will be taking place on November 15, a few days from now.
The mining pool says that the original Satoshi Vision is the one written and explained in the Bitcoin white paper. At the same time, Mempool will allow users to get paid both in Bitcoin Cash (SV) or in BTC. At the moment, Bitcoin Cash (SV) does not have enough liquidity and it could take some time until it will have a proper amount of liquidity for users to start using it.
Nevertheless, BTC has is already supported in most financial platforms in the cryptocurrency space, which should not be a problem for users that require immediate liquidity. Mempool decided to solve that issue allowing miners to receive payouts in BTC or BCH (SV).
Users can choose the virtual currency that they want to receive in their accounts when they mine. After it, they can also select the payout model they desire. The mining pool will also have a unique feature to allow miners to convert payouts into BTC or swap them to BCH (SV).
As per the report, if the miners want to get paid in a different coin rather than in the one they’ve mined, the payment will be processed through the Mempool treasury. This treasury uses a separate account for each of the coins available.
The mining pool commented about it:
“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.”
For a limited time, Mempool will be offering a 0% mining fee and 0% conversion fee. After the hard fork on November 15, the whole mining pool will be focusing on BCH (SV) and its chain. However, as mentioned before, miners can still receive their payments in BTC.