All Eyes On a Particular Mining Pool

Following the Bitcoin scale debate has been interesting in recent months. A lot of people have focused on certain characters and organizations within the cryptocurrency environment by highlighting their opinions and scaling choices on social media. One particular individual and entity of interest has been the mining group F2 Pool and the pool’s associate Wang Chun.

The Chinese F2 Pool formally known as “Discus Fish” is a mining organization that was formed in May 2013. The Chinese mining group is well known for commanding a significant portion of the Bitcoin hashrate distribution in recent years. Currently, F2 Pool is the second largest mining operation behind Bitmain’s Antpool capturing 11 percent of the network’s hashrate. People have been focused lately on F2 Pool’s actions because many are curious to find out what scaling solution the pool supports.

So far find out if the F2 pool supports larger blocks, or Segregated Witness (Segwit) has been quite confusing. From the signs of things and statements made, the mining pool would like to see both developments move forward. For instance, one vocal member of F2 pool, Wang Chun has been voicing his opinion on the subject for quite some time but in a very cryptic fashion.

Then this week on April 18 the 8BTC Chinese publication forum revealed a translated statement from F2 Pool which announced that the organization was in favor of Segwit, but the announcement also indicated that the pool wants a larger block size.

“Most people don’t realize that the debate is about what is best for bitcoin instead of choosing one specific scaling solution, Segwit, BU or other scaling solutions,” explains the mining group’s announcement.

“At F2Pool, we are in favor of Segwit plus a large block size. Segwit can help solve technical problems and a large block size is beneficial to the bitcoin ecosystem in the long run. But the hard fact is that we are not able to reach this goal under the current situation.”

In addition, Wang Chun has been revealing strong opinions about the development of bitcoin in recent days. On April 18, Chun compared Core developers to Saddam Hussein winning 100 percent of the votes in 2002. “Basic developers are no different from President Hussein IMHO,” Chun explains. The F2 Pool Associate goes on to say that the scale debate is not about Segwit at all, but more about communication and listening to development.

The pool has been signaling for Segwit for the last three days according to web statistics websites. It seems that the mining pool is pleased to take a more humorous approach and has no problem joking around block size debate. It’s clear Wang Chun has a lot to say about the scaling subject and believes Bitcoin development communication skills with miners needs improvement.


Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and/or services. This press release is for informational purposes only. Information does not constitute an investment advice or an offer to invest.

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