Bitcoin Cash Mining Pool SVPool Takes Lead With 8% of Total BCH Hash Power
SVPool (Satoshi Vision Pool) is a recently available open, mining pool for Bitcoin Cash [BCH] miners, who’s values match that of Satoshi Nakamoto’s. As per its official website, SVPool will run the Bitcoin SV, restore the Bitcoin protocol via the new full node integration, limit changes and work towards scaling.
Given the nature of SVPool, a recent Coin Geek report disclosed the necessary statistics to show that it is in lead when it comes to the percent of the BCH hash power it supports. In particular, SVPool accounts for 8 percent, followed by Bitcoin.com’s approximately 6.9%, ViaBTC and BTC.com’s 5.5%, BTC.top and Waterhole’s 3.5% and many others who account for very little.
The statistics allegedly belong to Coin Dance, who has also provided a seven-day look at the overall growth, which for the SVPool seems great, given that it accounted for approximately 4.4% in the said timeframe. Since it was released, over 30,000 miners have been using the protocol, which is insane considering the fact that it was a recent launch.
SVPool is an initiative started by proclaimed, nChain executive, ‘Satoshi’ Craig Wright and is managed by CoinGeek Mining. As previously mentioned, this endeavor was created to reflect the pureness of Bitcoin with no changes attached. Obviously, several competitions have since formed such as Bitcoin ABC, who is currently seeking a software upgrade, as reported by Bitcoin Guide Exchange, which in turn might or might not result in a hard fork (scheduled November 15).
CoinGeek and its Founder, Calvin Ayre have since expensed money into “spreading the word about BCH,” adding that Bitcoin SV, “will restore the original Satoshi protocol, keep it stable, enable the BCH network to massively scale, and professionalize Bitcoin.”
Is SVPool’s continuous growth a possible indication that more individuals are against the upcoming BCH hard fork? To learn more about on CoinGeek, Calvin Ayre and Wright’s perspective, check out: https://svpool.com/