The launch of the Satoshi Vision Pool (SVPool) full site will take place later this month according to Coingeek. The pool it is one of the latest and most competitive public Bitcoin Cash (BCH) mining pools, which many are seeking to interact with. The competitive status is easily explainable by the over 233 miners and groups who have pre-registered to join SVPool.
Many of those who have signed up for SVPool are from the United Kingdom, Australia, Malaysia, Spain, China, India, and South Korea. However, a majority of them are from the United States.
SVPool, a public Bitcoin BCH mining pool
nChain Chief Scientist Dr. Craig Wright is the mind behind SVPool. It is a personal initiative, which has attracted people from all walks of life. This is in addition to being the original Satoshi Nakamoto vision executed through the Bitcoin SV implementation of the BCH protocol. According to CoinGeek, BCH is actually the only viable Bitcoin that has achieved the Satoshi Vision.
The site will play a key role to anyone willing to mine BCH regardless of the quantity. Any miner will have access to the use of a pay per last N shares (PPLNS) method. They will make a payment per share plus (PPS+) option. However, this option is still not available but word has it that it will be available later in November.
SVPool marks a “sign of a growing appetite in the community”
The number of pre-registrants is a clear indication that the network of miners is growing. There is so much appetite according to the Founder of Ayre Group and Calvin Ayre Foundation, Calvin Ayre. A blog by CoinGeek adds, “[SVPool] will help and remunerate miners—large or small—to ensure BCH remains a truly trustless and decentralized system, in accordance with the original Nakamoto white paper.”
Meanwhile, it is not clear how far the network can reach in terms of operation. While some reports indicate that it can only operate at a maximum of 20MB nChain and CoinGeek insists that it can support a 128MB block size limit.