Bitcoin SV: a mining pool controls over 50%
Altcoin

Bitcoin SV: a mining pool controls over 50%

By Alfredo de Candia - 20 Aug 2019

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Yesterday there was a peak with a single mining pool, Coingeek, which had in its hands more than 50% of the power of the Bitcoin SV (BSV) blockchain.

bitcoin sv mining pool

Coingeek, a platform that deals with mining and not only, is one of the supporters of the use of Bitcoin SV, while its top promoter, Calvin Ayre, never fails to praise the project on his social profiles, claiming that Bitcoin SV is the real Bitcoin.

In the last period, the Bitcoin SV blockchain has shown a series of problems, ranging from the possible risk of a 51% attack on its network and arousing also the negative comments of Vitalik Buterin who called it a scam, up to a couple of weeks ago when the blockchain was divided into 3 because of the excessive size of the blocks.

If we compare the mining pools of Bitcoin SV with those of Bitcoin (BTC) and Bitcoin Cash (BCH), it is clear that the centralisation of BSV is unparalleled.

bitcoin sv mining pool

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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