As the debate over bitcoin’s block size scaling heats up, bitcoin mining pool viaBTC is not budging on its stance that Segregated Witnesses (SegWit) cannot solve the network’s capacity problem.
F2Pool recently surprised the community when it announced that it had begun signaling for SegWit, a controversial proposal that seeks to boost the blockchain’s transaction capacity while facilitating layer two protocols. However, F2Pool’s decision didn’t trigger a price reaction in bitcoin, indicating that the market doesn’t think the Chinese mining pool’s announcement has caused any change. F2Pool has around 9 percent network hardware share, but SegWit still requires the support of 65 percent of miners.
viaBTC refuses to join bandwagon
Unlike F2Pool, viaBTC has publicly reiterated that it will not support Segwit for a number of reasons. viaBTC ranks among the top mining pools in the world and has recently raised $2.91 million to launch a new global bitcoin exchange.