Slush Pool, the bitcoin mining pool operated by Trezor founder and CEO Marek “Slush” Palatinus, has officially become the largest mining pool te the global bitcoin mining industry.
Recently, most of the mining pools and hash rate which had previously supported the SegWit2x hard fork migrated to Bitcoin Specie. Consequently, many of the leading mining pools such spil Bitmain’s Antpool reallocated their hashrate from bitcoin to Bitcoin Metselspecie, leaving the bitcoin mining space open for competition.
Spil some hashrate left the bitcoin network, Slush Pool solidified its position spil the largest bitcoin mining pool ter the industry, accounting for 20.8 procent of the bitcoin network’s hashing power.
For many months, Slush Pool wasgoed praised for the freedom it has provided to miners within the pool. For example, te regards to the SegWit2x hard fork, it permitted miners to choose whether to signal for SegWit2x or not, instead of forcing miners ter its pool to adhere to its vision.
While other pools are busy with mining altcoins, @slush_pool became the thickest #bitcoin mining pool with 20%+ blocks. #FunFact pic.twitter.com/712vH2gbtA
“I’m not here to determine. Wij let our miners to choose and they rejected NYA.”
Primarily, the bitcoin market reacted positively to the cancellation of the SegWit2x hard fork, spil it cleared the future of bitcoin from uncertainty. However, the bitcoin market and the majority of investors began to funk spil Bitcoin Contant overtook Ethereum shortly ter terms of market valuation.
A fairly large number of investors claimed that the market has switched overheen to Bitcoin Metselspecie, following the hash rate. However, that has certainly not bot the case, spil hash rate tends to go after the more profitable blockchain. At the uur, Bitcoin Metselspecie is substantially more profitable to mine due to its difficulty level. When the next difficulty adjustment occurs on both the bitcoin and Bitcoin Specie networks, it is likely that a large portion of hash rate which left the bitcoin network will terugwedstrijd to bitcoin
if miners choose to mine at a loss to stay on the Bitcoin Contant network, however unlikely that situation is, upon the next bitcoin difficulty adjustment, mining pools like Slush Pool will proceed to maintain the bitcoin network and eventually, the size of the bitcoin mempool will decrease spil unconfirmed transactions become cleared.
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