SVPool is open to all public miners on the Bitcoin BCH network. The public BCH mining pool is a personal initiative of nChain Chief Scientist Dr. Craig S. Wright. SVPool (meaning Satoshi Vision Pool) is for BCH miners who support the original Satoshi Nakamoto vision for Bitcoin and want to generate more long-term revenue. BTC miners who believe in Bitcoin’s original vision are also invited to begin mining BCH with SVPool.
SVPool will initially offer zero fees to miners, and launches with initial Pay-per-last-N-shares (PPLNS). It plans to add more features and Pay-per-share plus (PPS+) options in November.
At press time, hundreds of miners and mining groups have already pre-registered for SVPool. Demonstrating truly global interest, the pre-registrants come from the United States, China, United Kingdom, Canada, Australia, India, Spain, South Africa, Brazil, Germany, South Korea, Japan, Malaysia, and many other countries.
SVPool mined its first BCH block on October 10. Since then, during an invitation-only beta period, it has already mined over 50 blocks. On a seven-day basis ending October 21 with just beta users, SV Pool already accounts for approximately 3% of BCH blocks mined, according to Coin.dance data.
SVPool proudly runs Bitcoin SV, the new full node implementation of Bitcoin BCH designed to fulfil the original Satoshi white paper’s vision for Bitcoin. Other competing BCH implementations (such as Bitcoin ABC) seek to experiment with unnecessary technical changes to the Bitcoin protocol, which will disturb the economic genius of Satoshi’s system. In contrast, Bitcoin SV’s roadmap is easy to understand: restore the original Satoshi protocol, keep it stable, enable the BCH network to massively scale, and professionalize Bitcoin.
Aimed at business users, the SV implementation will allow global enterprises to confidently operate and build their major projects on a stable, scalable BCH protocol. It’s time for Bitcoin to grow up, and this path will generate more revenue for miners.