During the first week of February bitcoin miner and angel investor Chandler Guo revealed he would begin supporting Bitcoin Unlimited (BU) in the near future. Now on March 21, Guo has announced he will be making the jump towards voting for BU with his mining pool’s hashpower.
Also Read: This Happens to Your Coins During a Bitcoin Hard Fork
Chandler Guo Supports Bitcoin Unlimited
Over the past two months, there has been a lot of support directed at the BU protocol as many miners have begun to vote for the bitcoin client. Last week the large mining pool Antpool pointed a majority of its hashpower towards BU. Antpool currently runs 19 percent of the global hashrate.
Following Antpool’s decision to support BU, another mining operation called the Bitclub Network mined its first BU block on March 20. Bitclub Network’s pool commands 3.7 percent of the global hashrate and pool owners detailed they were frustrated with network congestion
Last month Chandler Guo said he was creating a new mining operation called X pool and stated, “The pool will signal Bitcoin Unlimited.” Guo has always been opinionated and vocal within the cryptocurrency industry as he is well known for his stance during the Ethereum fork. On March 21 Guo revealed to his Twitter followers, he will now be directing his support towards the BU protocol.
I’ve made the jump to Bitcoin Unlimited today. Come join us, come to Bitcoin Unlimited.
Guo’s X Pool Joins the Fleet of Global Miners Supporting the BU Protocol
At press time 40.3 percent of blocks mined on March 21 supported BU. Pools signaling BU support include Viabtc, Antpool, Bitclub Network, Bitcoin.com, BTCtop, Canoe, GBminers, and Slush.
With the additional push from Chandler Guo’s mining pool, roughly another one percent of the network hashrate will be added to BU support. If Guo follows through with his original plan and adds another 100PH to the X pool, the operation hopes it can accumulate 3.3 percent of the global hashrate in the near future.
The Chinese investor is a big believer in the cryptocurrency revolution stating last year he believes the global GDP will be based on bitcoin. Guo also has a vested interest in Ethereum Classic (ETC) and has offered capital to ETC startups working with the protocol. With X pool (which also consists of BW.com) pointing its hashrate at BU, it shows Guo is once again stating his opinion publicly but also backing up his words with hash power.
What do you think about Chandler Guo supporting Bitcoin Unlimited? Let us know in the comments below.
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