Satoshi Vision Prepares For Launch
Satoshi Vision Pool (SVPool) is almost ready for the launch of its full site at the end of September. The service, which has the backing of Coingeek, is a new competitive public BCH mining pool that is set to represent the miners that are interested in keeping the original Satoshi Nakamoto vision of how the Bitcoin should operate via backing the Bitcoin SV protocol, a new implementation of BCH.
SVPool is a personal initiative of Craig Wright, a Bitcoin developer and a prominent leader in the industry. At the moment, pre-registration for the SVPool is available for anyone who wishes to mine BCH in small or large quantities.
When the site is finally online, people will be able to use a pay per last N shares (PPLNS) method with a pay per share plus (PPS+) option that will be added later (most likely in November).
The “Real Bitcoin”
As you might know, there is a large fight going on about which is the way that Bitcoin Cash should follow in the future. While some people believe that the original Satoshi Paper should be followed and will go to SVPool, others will side with Bitmain and Bitcoin ABC, which dominate the market at the moment.
SVPool will have low transaction fees to fulfill the original Satoshi Vision of using Bitcoin as real electronic cash. The pool will be managed by Coingeek Mining, which also defends the idea that BCH Satoshi Vision is the true and only Bitcoin. The company has vowed to ensure that miners of all sizes will have a chance at the pool.