Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions

Posted on juni 8, 2018 by Blockchain News

Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions

Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions

There is a challenge to the Bitcoin mining pool fundamentals to succeed in the future getting ahead, with two more mining pools announcing the processing fee of transactions to be zero.

The announcements are a support to the ‘Miner’s Choice’ initiative by Nchain and Coingeek which are aiming for lowering the mining fees and transaction values.

Both the mining pools that started the initiation stated officially-

“Users will have more choice about how much (if anything) they wish to pay for sending a BCH transaction, depending on the speed they want. If a user wants an instant transaction, the user can choose from a range of small fees made offered by miners. But if a user is willing to wait perhaps 30-40 minutes for a transaction to be added to a block, the user can elect zero fees.”

The two new mining pools following this initiative are ViaBTC and Bitcoin.com.

According to Coindance’s Data, ViaBTC is the second largest Bitcoin Cash mining pool overall with 12.7% of the BCH hashrate. Bitcoin.com has 7.7% and is owned by popular Bitcoin Cash promoter, Roger Ver.

Bitcoin Cash is thus stepping up with the initiative removing the minimum dust limit of 546 Satoshi as well as zero mining fee transactions in their blocks.

Hence will allow users to send transactions as low as 1 Satoshi, which was initially the case with Bitcoin but now adopted by Bitcoin Cash to ensure network abuse does not take place. Also, transactions will be free to confirm in each block.

The Miner’s Choice now has support from more than a quarter of the total Bitcoin Cash hashrate, and hence long-term is looking to be very helpful.

Hence if Bitcoin is the cryptocurrency of choice for businesses seeking large transactions, Bitcoin Cash will be the one businesses opt for regarding microtransactions.

The self-proclaimed Satoshi Nakamoto, Craig Wright, who is a Bitcoin Cash enthusiast tweeted to his followers recommending the Miner’s Choice.

He tweeted–

Miners should start thinking about no dust limit and some zero fee txs to spur adoption faster.

Single satoshi tokens.

Plan for the long term

— Dr Craig S Wright (@ProfFaustus) June 4, 2018

Image Source: “Flickr”

The post Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions appeared first on Toshi Times.


Source: Toshi Times
Original Post: Second Largest Bitcoin Cash Mining Pool Accepts to Process Zero-Fee Transactions

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Let’s Dissect McCormack’s “Follow The Money #1” Documentary, Pt. 2- Underbelly
  • Curve Finance To Conclude CRV Token Emissions From TerraUSD Oriented Pools
  • BTC price breakout due 'relatively soon' as Bitcoin volumes spook traders
  • WEF 2022: Metaverse should be developed from children’s perspective, says LEGO VP
  • ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2022 Blockchain News Feed | Design: Newspaperly WordPress Theme