Binance’s mining pool suddenly found itself …


ETH Mining Setup Tutorial: Binance Pool

Binance's mining pool suddenly found itself ...

Binance mining pool suddenly became the leader in Bitcoin SV mining

  • Binance was suspected of duplicity around the Bitcoin SV cryptocurrency project.

  • In April 2019, the exchange removed from the BSV listing.

  • Now the mining pool of the cryptoexchange has come out on top in terms of hash rate in the Bitcoin SV blockchain network.

International consortium of news organizations developing transparency standards.

Earlier, the head of Binance criticized the Bitcoin fork under the leadership of the self-proclaimed creator of the cryptocurrency.

Binance's mining pool suddenly found itself ...

Binance cryptocurrency exchange has become the largest producer of hashpower on the Bitcoin SV network. CoinGape was the first to notice this..

At the time of this writing, the Binance Pool consumes 19.44% of the hash rate from the Bitcoin SV blockchain network.

In addition to Binance, the top five Bitcoin SV mining pools include SVPool (12.5%), TAAL (10.42%), Huobi (9.03%) and ViaBTC (6.94%).

Nothing personal

Binance's mining pool suddenly found itself ...

Binance’s position surprised many, since earlier the head of the cryptocurrency exchange, Changpeng Zhao, was quite open about his position in relation to the Bitcoin SV network..

About a year ago, Zhao denounced Craig Wright for calling himself Satoshi Nakamoto In 2009, someone (one person or a group of developers), hiding under the pseudonym Satoshi Nakamoto, revolutionized the digital … More (the creator of bitcoin). Zhao later argued for the delisting of BSV from the exchange. On April 22, 2019, Binance eventually removed the BSV cryptocurrency from the listing.

Big Bitcoin whale Joe007 believes BSV delisting actually made it easier for Craig Wright to implement fraudulent schemes like pump and dump.

“It’s much easier to pump [shitcoin] on a third-rate exchange with low liquidity,” Joe007 wrote earlier on his Twitter page..

For the benefit of scammers

Also earlier, the editorial staff of BeInCrypto reported that an anonymous miner was able to clog the Bitcoin SV blockchain network with meaningless transactions, while receiving almost half of the network hashrate..

An unknown miner (or mining poolCryptocurrency is not only an alternative to traditional money, but also a tool for earning. To process transactions in the network of coins, a computing … More is needed) clogged the blockchain network of the Bitcoin SV (BSV) cryptocurrency using meaningless blocks.

With the help of such a gray scheme, the miner gained control over the approval of new rules in the Bitcoin SV network, while other miners can either adapt to the conditions of anonymity or carry out a fork In the cryptocurrency world, a fork is, in fact, a change in the blockchain protocol. Since cryptocurrencies operate on decentralized networks, all parties … More network.

BSV / USD price meanwhile is $ 182.48.

Binance's mining pool suddenly found itself ...

What do you think? How correct is it to criticize a crypto project and at the same time keep it functioning through mining? Share your thoughts with us in the comments and join the discussion in our Telegram channel.


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