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Binance Pool Is Now the Biggest Bitcoin SV Miner
A year after removing Bitcoin SV from its exchange in April 2019 and the mining pool operated by major cryptocurrency exchange Binance now generates more blocks than anyone else.
According to crypto statistics and services platform Coin Dance, Binance Pool is the leading miner of Bitcoin Satoshi’s Vision (BSV) blocks as of June 16. Binance Pool is responsible for 26.39% of all BSV blocks mined, with Huobi’s mining arm being second with 13.19%.
BSV “didn’t meet standards”
Binance delisted and ceased trading of all trading pairs for BSV in April 2019. The crypto exchange stated that it regularly ensured digital assets listed on its platform meet a “high level of standard” and the decision to remove BSV “best protects all of [its] users”.
However the delisting came in the wake of Binance CEO Changpeng Zhao expressing outrage at Satoshi claimant Craig Wright for issuing a $5000 bounty for doxxing Hodlonaut — the Twitter user behind the Lightning Torch initiative.
In response, Zhao tweeted: “Craig Wright is not Satoshi. Anymore of this sh!t, we delist!”
A couple of days later, Binance announced it would no longer offer trading on BSV.
BSV to relist? Maybe not
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Some members of Crypto Twitter have surmised that mining BSV may be a prelude to relisting the token on the exchange:
Another Twitter user, AzhellTom, claimed to have spoken directly to CZ — who explained that “other people [are] using their pool to mine BSV.” However, this still means that Binance gets profits from pool fees around 2.5% from BSV mining.
The price of BSV is $174.14 at the time of writing, down 7.94% this week.
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