First Day of SegWit Activation Signaling Lacks Mining Pool Support

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Now that SegWit activation signalling has begun, it will be interesting to see which pools support Bitcoin Core. On the first day, support is quite lacklustre, with only three pools in favor. The vast majority of pools have not expressed their preference yet, and there is still a long way to go. But it goes to show reaching 95% consensus is not only doubtful, it is highly unrealistic

Whether or not one favors SegWit over anything else, a block size solution has to be formed. So far, BTCC, BitcLub, and a portion of Slush pool miners have agreed this is the best course of action. Other pools, however, have either not cast their vote, or want bigger blocks through Bitcoin Unlimited.

Support For SegWit Is Lacklustre So Far

The lack of support for SegWit is not entirely surprising at this stage. Few pool operators have made up their mind as to how they want to proceed. With over 360 days remaining to reach SegWit activation, there is no reason to panic just yet. However, it may only take one or two pools to block the activation altogether.