One year after withdrawing Bitcoin SV from its exchange in April 2019, the mining group operated by the Binance crypto exchange now produces more blocks than anyone else.
According to the Coin Dance cryptostatistics and services platform, Immediate Edge is the largest block miner in Bitcoin Satoshi’s Vision (BSV) as of June 16. Binance Pool is responsible for 26.39% of all mined BSV blocks, and Huobi’s mining division is in second place, with 13.19%.
New BitMEX Report Points to Further Consolidation in ASIC Manufacturing
Latest Bitcoin SV Blocks by Mining Pool (today)
BSV was „not up to standard“
Binance withdrew from the list and stopped trading all BSV trading pairs in April 2019. The crypto exchange explained that it regularly ensured that the digital assets listed on its platform met a „high level of quality“ and that the decision to remove BSV „better protects all [its] users“.
However, the de-listing came after Binance CEO Changpeng Zhao expressed outrage to the self-styled Satoshi, Craig Wright, for issuing a $5,000 reward for doxing against Hodlnaut, the Twitter user behind the Lightning Torch initiative.
Interest in Bitcoin searches is highest in Africa and South America
In response, Zhao tweeted: „Craig Wright is not Satoshi. If this shit happens again, we’ll delete you from the list!“
A few days later, Binance announced that it would no longer offer operations at BSV.
Casa launches a self-custodial, privacy-oriented Bitcoin purse
Is BSV going to be re-released? Maybe not.
Some Twitter members have speculated that BSV’s mining may be a prelude to putting the token back into the exchange:
Another Twitter user, AzhellTom, said he spoke directly to CZ, who explained that „other people [are] using their group to mine BSV. However, this still means that Binance is benefiting from the group’s commissions of about 2.5% of BSV mining.
The price of the BSV is USD 175.42 at the close of this edition; it fell 7.59% this week.