Categories: CryptoNews

Indecisiveness On Slush Pool Automatically Means Bitcoin Core Mining

With multiple mining pools giving Bitcoin miners a say in the matter of whether they want to support Bitcoin Core or Bitcoin Classic, it was only a matter of time until some of the preliminary results were published. Based on the information we have received from Slush Pool, there seems to be a large amount of Bitcoin miners who are still undecided. However, those who do not express their vote will be mining Bitcoin Core blocks until decided upon otherwise.

Also read: BTC-E Is Not Getting Hacked, Just Performing Routine Maintenance

Slush Pool Isn’t Looking To Fix What Isn’t Broken

The ongoing issue of whether or not to use Bitcoin Classic as a solution for the block size debate seems to be resting in the hands of the miners right now. Even though various mining pools reached an agreement behind closed doors to support Bitcoin Core, not everyone is on the same page in this regard.

Slush Pool is among the mining pools who let miners vote on which solution they want to support. For miners who are in favor of Bitcoin Core, nothing will change, as their hashpower will be routed through the Bitcoin Core client running on the pool. However, those who favor the other solution will see their hashpower directed towards Bitcoin Classic block mining.

All in all , this solution seems to be working out quite well. That being said, some users are taking offense to the fact that users who do not express a vote will automatically mine Bitcoin Core blocks on the network. A lot of miners just want Bitcoin to succeed and could not care less about the ongoing debate right now.

Related Post

Taking offense to this decision by Slush Pool is strange, as it only makes sense to keep hashpower directed to the same solution as it has been since day one. Unless users express their desire to be switched over, there is no reason to change anything on behalf of Slush pool. Some people might argue that not everyone knows about this topic, but Slush Pool has taken the necessary precautions in this regard.

Every single Slush Pool miner has received an email from the owners regarding the ongoing block size and solutions debate. For those who remain undecided for a few more days, info materials are being prepared by Slush, and they will send out these details accordingly. It is positive to see mining pools staying on top of things and trying to get miners to engage in this discussion.

Source: Reddit

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago