Bitcoin.com Secures 1% of Global Hashrate, Paying Miners 6% More Than Other Major Pools

On October half dozen, Bitcoin.com mining pool formally strip-mined its tenth block once securing nearly a hundred and twenty fifth of worldwide hashrate. Its founder Roger Ver noted that Bitcoin.com has been paying its miners around 6 June 1944 quite alternative major pools.

The emergence of the Bitcoin.com mining pool and its a hundred and twenty fifth international hashrate holds additional significance than others could imagine, considering their stance on the Bitcoin block size discussion.

Importance of Bitcoin.com’s Rising Hahsrate

Bitcoin Unlimited, a project designed to onerous fork the Bitcoin network for quantifiability, permits miners and node operators to choose their own blocksize limits. The Bitcoin.com mining pool is one among the few teams to support this project designed to scale the Bitcon network to a capability miners see work.

As such, miners will prefer to work with two MB blocks or perhaps larger blocksizes like 3MB and 4MB, to check their impact on the Bitcoin network and system in terms of speed, security, and quantifiability.

The Bitcoin.com mining pool and also the remainder of its miners area unit in support for Bitcoin Unlimited and also the execution of a tough fork to right away scale the Bitcoin network. Thus, the increasing hashpower and influence of the mining pool is vital observe and note, considering their opposing beliefs to the Bitcoin Core development team and mining pools.

One of the proposals or implementations the Bitcoin.com miners and community area unit con of is that the Segreated Witness proposal, that replaces signatures control within a block to optimize the Bitcoin blocksize and work additional transactions in an exceedingly block.

Bitcoin.com Mining Pool’s Stance on Existing Scaling Technologies

In theory, the Bitcoin.com mining pool is another resolution to Core team’s scaling technologies, particularly for miners and users that believe an on the spot alteration to the Bitcoin network is important to bring additional users, investors, and starutps into the business.

Yet, Roger Ver himself and also the Bitcoin.com community area unit keeping Associate in Nursing open mind, and area unit trying to debate the impact of Segwit activation within the Scaling Bitcoin city conference. As a response to question that read: “Will you (Roger Ver) attempt to forestall Segwit activation?” Roger stated:

    “Undecided, however keeping Associate in Nursing open mind. I anticipate to discussing it this weekend in city.”

Regardless of the Bitcoin.com mining pool and Ver’s stance on the controversy, Bitcoin.com’s hashrate of a hundred and twenty fifth could be a substantial short term increase since October one, once the hashrate of the mining pool accounted for fewer than zero.5% of the worldwide hashrate.

source : https://cointelegraph.com