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

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

Posted at 08:46h in Bitcoin News by

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As the Nov. 15 Bitcoin Cash hard fork draws closer, a majority of hash power favors the Bitcoin Cash SV iteration favored by Australian computer scientist Craig Wright’s nChain, data from Coin Dance shows Nov. 12.

According to Coin Dance, 66–77 percent of Bitcoin Cash (BCH) miners are backing the SV network based on currency hash rates, compared to 18–29 percent backing Bitcoin Cash ABC, which is favored by crypto evangelist Roger Ver.

The data is an estimate based on which mining pools have shown support for the coins after the eventual hard fork.

Conversely, Coin Dance notes that of the 2,246 nodes running on the Bitcoin Cash network, 1,079 are Bitcoin Cash ABC nodes, while 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 factor is a total indicator of which camp will come out on top after the hard fork. Launching a Bitcoin node is cheap, and in theory, a user could launch several nodes for under a few hundred dollars. While…

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