Categories: News

Slush Pool Confirms Support For Bitcoin Classic

More and more mining pools are starting to back the Bitcoin Classic solution, as everyone wants to come to a solution regarding the ongoing block size debate sooner rather than later. Slush pool, the oldest Bitcoin mining pool that is still in operation to this very day, is currently running the Bitcoin Classic client in a testnet environment. By the look of things, Bitcoin Classic mining is just around the corner for Slush pool users.

Also read: Lack of Bitcoin Adoption Holds Back Digital Currency Movement

Slush Pool Accepts Bitcoin Classic Solution

The number of mining pools supporting Bitcoin Classic keeps on increasing every day by the look of things. In the end, mining pool operators want to see how an increase to 2MB blocks will impact their overall performance and infrastructure. Bitcoin Classic was the first software solution to provide a working client supporting larger block sizes, and it only makes sense mining pools decided to try it out.

The addition of Slush Pool to the list of mining pools supporting Bitcoin Classic is quite a surprise, though. For many years, people have assumed Slush Pool was loyal to Bitcoin Core, and they still might be. Just because they are supporting Bitcoin Classic right now does not mean they will continue to do so in the future.

Now that Bitcoin Core 0.12.0 has been released a few hours ago, the race for mining pool dominance will go in full effect once again. Bitcoin Classic gained a lot of support because they delivered a working client first, yet only three Classic blocks have been mined on the network so far. It will take a lot more until one can truly call Bitcoin Classic a success, let alone have the increased block size activate on the network.

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It is rather positive to see mining pools taking their time when testing Bitcoin Classic. Even though this development branch was released a lot sooner than the new Bitcoin Core client earlier today, the number of people choosing Classic mining pools remains relatively small. This is a clear example of how Bitcoin mining is still decentralized, as miners will decide where to mine at any given time.

Keeping in mind how Slush Pool represents 5.7% of the total mining hashpower – based on the information provided by BitcoinChain.com – changing from Bitcoin Core to Bitcoin Classic will not make a significant impact on the network. No official date has been announced for the “live” deployment of Bitcoin Classic mining yet, though.

Source: Twitter

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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.

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