Syscoin Hashrate and Mining Pools

By drlove | Sysnetsite | 30 Aug 2020

One of the fundamental metrics for evaluating a POW (proof-of-work) blockchain project is looking at its hashrate. Network security is directly related to hashrate (computing power) and the higher it is, the more secure a network is when new blocks are being mined. The value of any blockchain project should obviously be related on its security - which is often ignored by those simply focused on following the latest marketing campaigns and market price.  A high hashrate also makes 51% attacks too costly and unattractive - a fact that Ethereum Classic painfully experienced THREE times within the last weeks! 

It may become as a surprise to many that little known Syscoin is close to the top when it comes to hashrate! Obviously, hashrates are not static, so the numbers in the following graphics is a snapshot taken at one particular point in time. As Syscoin is merge-mined with BTC. some of the largest BTC mining pools mine Syscoin! Well-known mining pools include F2pool, estimated to mine 17% of all Bitcoin blocks and ViaBTC  which holds a market share of 9% according to



Given this exceptionally high hashrate it is obvsiouly pretty hopeless to mine Syscoin on your own, but some mining pools - but not all, do share the Syscoin they merge-mine with Bitcoin. This includes VIaBTC and You won't be able to build a fat wallet anytime soon by joining those mining pools: for each BTC mined, you also get five Syscoin, or in the case of BCH (also the same SHA-256 algorithm) mining pool, you additionally get one Syscoin . This is certainly not a lot a current market prices, but you may be glad you paid attention to it in a few years ahead, and there is certainly nothing to lose in case you are looking into cloud mining contracts of BTC or BCH.

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and to follow @sysnetsite on Twitter for the latest news and updates! 




However, the first stop to learn about the project is to visit the project's website at and to join the main Discord chat! 


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