Even though there are fewer bitcoin mining pools supporting Bitcoin Unlimited compared to SegWit, it would seem both solutions have virtually the same level of overall network support. With a total of six pools supporting BU right now, it is evident there is still a long way to go before this solution is activated on the network. That being said, this alternative branch of development is off to a good start, all things considered.
The newly launched Canoepool signals support for Bitcoin Unlimited right out of the gate. That is not unusual, albeit it would seem this pool is dealing with some controversy. Many people believe it is operated by the ViaBTC team in an effort to “fake” Bitcoin Unlimited mining decentralization. For now, Canoe represents a minuscule portion of the BU support.
One of the oldest mining pools in the world of bitcoin is trying to keep an open mind. Slush pool has different servers for both SegWit and Unlimited support, giving their miners all of the choices they need. Right now, Slush is the second-smallest Unlimited mining pool, although they are a valuable addition to the list.
While most people know the Bitcoin.com domain for other reasons, the team is also running a dedicated Bitcoin Unlimited mining pool. It was one of the first of its kind to support BU, yet has been overtaken in size by three others ever since. Nearly 10% of all BU blocks are mined by this pool, making them an invaluable pillar of the Unlimited ecosystem.
While most people may have never heard of the BTC.top mining pool, it is the third-largest pool supporting Bitcoin Unlimited. No one knows for sure who runs this pool, even though many believe the Antpool team is behind this project. That has not been proven to be either wrong or right up until this point. Either way, BTC.top is generating one in four BU blocks on the network right now. An intriguing pool to keep an eye on, that much is certain.
It has to be said, the GBMiners pool quickly limbed the Bitcoin Unlimited support ranks and is currently the second-largest mining pool on the list. It is good to see some of these pools gain such a large market stake, albeit it does not necessarily benefit decentralization in the long run. Then again, Bitcoin Unlimited is till in the early stages of gaining support right now.
No one will deny ViaBTC has taken the world by storm, as they are the leading Bitcoin Unlimited mining pool right now. Looking back over the BU blocks mined over the past seven days, ViaBTC is responsible for generating roughly 35% of all blocks. They are a vital part of BU’s chance of success right now, although for now it remains unclear if this scalability solution will activate anytime soon on the network.
If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.
Velocity Ticket is trying to fix a major gap in businesses, and the approach it…
Axelar is moving fast to contain damage after identifying a security incident that has resulted…
suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out…
Ventuals has fully wound down its HIP-3 DEX, and vHYPE withdrawals are now open. The…
Avalanche has launched the Avalanche Payments Collective, bringing together 28 organizations spanning nearly every layer…
A wallet tracked as 0x5f91 just opened a fresh 5x leveraged long on ASTER, putting…