Binance records leadership in BSV coin mining despite being delisted
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Answer Binance records leadership in BSV coin mining despite being delisted
Binance has previously announced the launch of its cryptocurrency mining suite called “Binance Pool”.
One of the strange anecdotes that some figures and data released recently showed that Binance recorded the leadership and is considered among the largest BSV coin mining pools, although it delisted this coin from trading on its platform in the year 2019.
Interestingly enough, Binance removed BSV from circulation in 2019, following the massive controversy surrounding Craig Wright.
Binance Leading Bitcoin SV Mining:
As we mentioned, Binance now owns a mining complex, According to For some data provided by the Coin.Dance platform, “Binance Pool” has become the leading metal of BSV, the widely backed coin by the claimant Satoshi Nakamoto (Craig Wright).
Read:A cryptocurrency that rose by 1000% in about 12 months as the price of Bitcoin stagnated
As shown in the above chart, Binance leads the way of BSV mining with around 26%, followed by a group of some unknown pools such as Huobi, ViaBTC, SVPool…
Binance delists BSV:
Last year, Binance removed Bitcoin SV from trading on its platform.
According to their statement at the time, as is typical of Binance when you remove a cryptocurrency, they take the following factors into consideration:
- Contribute to a healthy and sustainable coding system.
- Evidence of unethical/fraudulent behaviour.
The decision was made after the actions of Craig Wright, a self-proclaimed Bitcoin SV supporter, Satoshi Nakamoto, the founder of Bitcoin.
At the time, Changpeng Zhao, CEO of Binance, said that if the feud continues between Wright and the crypto community, he would move to remove Bitcoin SV from trading on Binance.
This happened shortly after Wright threatened to sue anyone who says he is not Satoshi.
Read:There are only 3.4 million bitcoins left to mine… and the price of bitcoin has doubled since the split
Wright is involved in an ongoing legal battle with the Kleiman family, which to date has not provided any real evidence that he is who he says.
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