Binance Pool Will Cease BSV Mining Services | Crypto Craft

  • Binance Pool Will Cease BSV Mining Services

    From binance.com

    Fellow Binancians, Binance Pool will officially stop BSV mining services at 2021-07-31 00:00 AM (UTC). All BSV mining users must manually switch their mining method to BTC mining or Binance Smart Pool. Users can switch it via "Mining Account Management - Mining Account - More Settings - Payment Settings". Binance Smart Pool users can only switch their hashrate to BTC or BCH mining after BSV mining has ceased. Send an email to [email][email protected][/email] for further information about this announcement. Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades ... (full story)

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BTCmailman
Jul 20, 2021 2:32pm
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Quoting cityRat
It appears that this will hardly affect the overall picture. TAAL still the dominant miner at 78%. I don't even see Binance pool in that group.{image}

Damn this is pretty scary. The BSV bulls tout "we're better than Visa and Mastercard" which may very well be true. But what happens if they come along and takeover TAAL? Publicly traded with a ~$100M market cap, if BSV actually poses a threat it's a drop in the bucket for them to buy the biggest miner and squash BSV.
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cityRat
Jul 20, 2021 12:48pm
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It appears that this will hardly affect the overall picture. TAAL still the dominant miner at 78%. I don't even see Binance pool in that group.
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