SegWit Mining Pool Support Continues To Outpace Bitcoin Unlimited
While it is commendable to see multiple branches of Bitcoin development, working toward the same solution, the community remains divided. The ongoing battle between Bitcoin Unlimited and Bitcoin Core continues. For the first time in a while, Bitcoin unlimited support is outpacing SegWit support. Although this may only be a temporary trend, it goes to show the mining world remains undecided on how Bitcoin should evolve. Moreover, it all depends on when you look at the statistics, as support numbers continue to change on a near-hourly basis. Every time figures like these are made public, a....
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One thing people have to keep in mind is how Segregated Witness has an actual expiration date. Now that SegWit activation signalling has begun, it will be interesting to see which pools support Bitcoin Core. On the first day, support is quite lacklustre, with only three pools in favor. The vast majority of pools have not expressed their preference yet, and there is still a long way to go. But it goes to show reaching 95% consensus is not only doubtful, it is highly unrealistic Whether or not one favors SegWit over anything else, a block size solution has to be formed. So far, BTCC,....
Over the past few weeks, support for the Bitcoin Unlimited (BU) proposal has increased significantly. This is due to a bunch of smaller mining pools collectively running the alternative client that removes the current block size cap. Now its seems the proposal will get even more hash power as the Chinese miner, Chandler Guo, has announced that his new....
Bitcoin’s price jumped by around $30 yesterday shortly after it became clear that Bitcoin Unlimited had overtaken segwit in hashrate share. Although there may have been other factors, especially an increase in global uncertainty due to some of Trump’s policies, the timing of the sudden increase closely coincided with Bitcoin Unlimited surpassing segwit, standing today at 23% of the hashrate while segwit is at around 21%. The new grassroots client has been gaining increasing support with ViaBTC, an open Bitcoin Unlimited pool, rising to 12% of the network hashrate in the past 24 hours, up....
Currently, everyone’s been focused on the price of bitcoin and turbulent global markets. However, in the bitcoin mining and development space, there’s a lot going on behind the scenes. Smaller Mining Pools and Bitcoin Unlimited. As Bitcoin.com previously reported the bitcoin network’s hashrate distribution among mining pools has been changing. Lately,....