Bitcoin Cash (BCH) mining pool Mempool is in business.
On Saturday, Fuzhou, China-based Mempool announced the “immediate availability” of its mining pool for miners not just on the Bitcoin BCH network, but also on BTC. For BCH. Mempool will run the Bitcoin SV full node implementation, which is designed to support the original Satoshi Vision (SV) of Bitcoin, in the upcoming November 15 protocol upgrade.
“Mempool believe[s] in the Satoshi’s Vision that is described in the original Bitcoin whitepaper,” the mining pool said in its announcement. “Mempool will participate [in the] competition between professional miners and give back fees to its treasury holders.”
True to the Satoshi Vision’s philosophy of “miners choice, miners first,” Mempool gives its BCH pool miners the choice to get paid either in Bitcoin BCH (SV) or in BTC. According to the mining pool, “Some miners have different preferences on coins based on the coin’s liquidity in the market, or their integration with their financial infrastructure.” During the upcoming contentious hard fork of BCH, many miners wish to support the Bitcoin SV implementation, but may be concerned about earning BCH coins that may not be immediately liquid. Mempool solves that concern by allowing its BCH pool miners to choose to receive payouts in BTC which will remain liquid during the BCH hash war, or alternatively choose to receive BCH (SV) tokens.
Using the settings page in the pool’s easy-to-navigate website, miners can choose which coin they mine, which coin they want to receive for payment, and what payout model they want—either Pay-per-last-N-shares (PPLNS) or Pay-per-share (PPS).
Another unique feature of the Mempool mining pool is the treasury deposit, which allows miners to convert their payouts into BTC,