Bitcoin.com Pool Members Now Have the Option to Mine Bitcoin Cash
This past March Bitcoin.com launched its mining pool which has garnered quite a bit of hashrate since it started. This is due to the pool offering the best payout plans in the industry with a 110% block reward, 0% fees. Now we are pleased to announce that pool.bitcoin.com members can prepare to mine the Bitcoin Cash (BCC) protocol when the chain starts on August 1st.
Also read: August 1 and the Potential Disruption of the Bitcoin Network
Bitcoin.com Pool Will Give Members the Option to Mine Bitcoin Cash
On August 1 after 12:20 UTC there is a planned hard fork taking place on the Bitcoin network which will bifurcate the blockchain into two separate paths. Discussions concerning this event have been happening for weeks, and our readers can get up to date by reading this article here. After the split, a new token will be created called ‘Bitcoin Cash’ (BCC or BCH) and it will offer a few different aspects compared to the current bitcoin protocol; raising the block size limit to 8MB and removing protocol changes like Segregated Witness and Replace-by-Fee (RBF).
In our recent PSA concerning Bitcoin.com’s official position on the BCC chain, we remain committed to the Segwit2x proposal, otherwise known as the New York Agreement. However, due to significant demand from our users, the Bitcoin.com pool will give mining customers the option of supporting the Bitcoin Cash chain with their hashrate. Since the fork is almost upon us, we’ve decided to let pool.bitcoin.com members get prepared to mine the BCC chain.
Supporting On-chain Scaling and Getting the Best Reward Payout in the Industry
Starting now pool.bitcoin.com clients can point their miners to stratum.bcc.pool.bitcoin.com:3333, which will allow them to mine the legacy chain for now. Then, as soon as the BCC hard fork happens, miners pointed to the above address will automatically be mining on the BCC fork.
Bitcoin.com is a huge supporter of on-chain scaling, and many of our mining pool members are as well. Further, we believe the market should decide the best path forward for digital currencies and by allowing our miners to choose which chain they point their hashrate towards, we will give them a stake in this decision process. In addition to being able to participate in the decision-making process, our customers choosing to mine the BCC chain will still get 110% block rewards with 0% fees for PPS and PPLNS.
Members of our pool that choose to remain mining the legacy chain can continue as is, but if there are customers who wish to mine the BCC fork they can do so now by pointing their hashrate to stratum.bcc.pool.bitcoin.com:3333.
Not a member of our pool and want 110% rewards with 0% fees? Register Here.
Images via Bitcoin.com