After weeks of contemplation, F2Pool has lastly decided to back upwards Bitcoin Core’s Segregated Witness (SegWit) on both Bitcoin in addition to Litecoin.
On Apr 14, Wang Chun, the possessor of F2Pool, the minute largest Bitcoin mining pool, announced the trial of an internal survey conducted with its miners. Chun disclosed that 56 per centum of miners inside the F2Pool mining puddle network were inwards favor of SegWit.
Yes to SegWit, no to UASF
In consideration of its miners in addition to their back upwards toward SegWit, Chun in addition to the rest of the F2Pool mining team believed that signaling SegWit would live the preferable determination for both the organization in addition to the Bitcoin community. More importantly, Chun did non desire the community to become downwards the path of a user-activated soft fork, which essentially eliminates the ascendancy of miners inwards the SegWit activation process.
Samson Mow, sometime BTCC executive in addition to Blockstream CSO, stated that Chun in addition to the F2Pool squad made an intelligent determination past times signaling SegWit, every bit it farther strengthens their opposition to UASF in addition to appeals to the Bitcoin community.
Mow said:
“Wang Chun is a smart guy. SW won't activate without Antpool, ViaBTC, BTC.TOP , GBMiners, Bitclub, CANOE in addition to Bitcoin.com thence he tin betoken at i time in addition to simultaneously works life his opposition to UASF.”
One of the major reasons why mining pools similar F2Pool are against UASF is because the machinery allows node operators without the presence of miners in addition to their hashrate to activate a soft fork past times a fixed date. For instance, a UASF every bit noted inwards Bitcoin Improvement Proposal 148 would activate SegWit past times Nov. xv if it garners plenty back upwards from the community.
Since UASF completely disregards the ascendancy of miners, mining pools in addition to companies similar F2Pool are opposed to the mechanism.
Already mining SegWit blocks
With Chun’s early on disceptation on Apr 15, F2Pool already started to mine SegWit blocks. If the puddle allocates its entire hashrate to back upwards SegWit, which according to sources is simply about ix percent, SegWit’s miner back upwards would well-nigh probable surpass xxx per centum past times the goal of this week.
Chun in addition to F2Pool’s acute determination to back upwards SegWit came alone 4 days later the puddle owner’s rigid opposition to SegWit on Bitcoin.
On Apr 12, Chun wrote:
“SegWit volition live a disaster. I am non going to back upwards it on Bitcoin because I am a Bitcoin holder. I've tried my best to dear Core. But Core doesn't dear me. Now I know Charlie Lee has a backup invention in addition to it is called UASF.”
It is nevertheless unclear whether F2Pool is really trying to hold off out for the best interests of its miners in addition to the community or if signaling SegWit is the optimal method of rejecting UASF.
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