Ahead of Bitcoin Cash Hard Fork, The Coin’s Competing Visions Vie for Hash Rate

Data from Coin Dance reveals {that a} majority of hash energy favors Bitcoin Cash SV over Bitcoin Cash ABC, the model supported by crypto evangelist Rover Ver.

As the Nov. 15 Bitcoin Cash laborious fork attracts nearer, a majority of hash energy favors the Bitcoin Cash SV iteration favored by Australian pc scientist Craig Wright’s nChain, information from Coin Dance reveals Nov. 12.

According to Coin Dance, 66–77 % of Bitcoin Cash (BCH) miners are backing the SV community primarily based on foreign money hash charges, in comparison with 18–29 % backing Bitcoin Cash ABC, which is favored by crypto evangelist Roger Ver.

The information is an estimate primarily based on which mining swimming pools have proven help for the cash after the eventual laborious fork.

Conversely, Coin Dance notes that of the two,246 nodes working on the Bitcoin Cash community, 1,079 are Bitcoin Cash ABC nodes, whereas 166 are Bitcoin Cash SV nodes.

Bitcoin Cash Nodes as of Nov. 11. Source: Coin Dance

Bitcoin Cash Nodes as of Nov. 11. Source: Coin Dance

Notably, neither issue is a complete indicator of which camp will come out on high after the laborious fork. Launching a Bitcoin node is affordable, and in concept, a person may launch a number of nodes for underneath a number of hundred {dollars}. While hash charge is essential for Proof-of-Work (PoW), if a coin isn’t accepted by exchanges, the hash could be wasted. At press time, Bitcoin Cash ABC and Bitcoin Cash SV are trading on Poloniex at $393 and $107, respectively.

The controversy surrounding the laborious fork took a private flip earlier this week, as arguments from either side’s largest proponents, Ver and Wright, turned extra strongly worded. Wright — who has beforehand claimed to be Bitcoin (BTC) inventor Satoshi Nakamoto — allegedly claimed in an e-mail that Ver “hates Bitcoin” and regards him as “an enemy.”

Wright reportedly completed his e-mail by repeating, “I AM Satoshi” and stating “Have a pleasant life. You will now uncover me when pissed off.”

At press time, Bitcoin Cash is down 4 % on the day, trading at 508.60, in keeping with information from CoinMarketCap.

Original supply: https://cointelegraph.com/news/ahead-of-bitcoin-cash-hard-fork-the-coins-competing-visions-vie-for-hash-rate

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