RATE Group | Hash War Looms as Bitcoin Cash Tax Drama Explodes
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Hash War Looms as Bitcoin Cash Tax Drama Explodes

28 Jan Hash War Looms as Bitcoin Cash Tax Drama Explodes

Posted at 02:57h in Bitcoin News by

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  • An anonymous group of miners announced plans to hardfork a new bitcoin cash blockchain if tax on miners isn’t removed.
  • Group claims to control 42% of the BCH hashrate, with plans to expand it to 2.5 exahash per second by the May 15 fork date.
  • A repeat of 2018 costly hash war could be on the very near horizon.

Bitcoin cash (BCH) could be on the verge of another hash war after the ongoing tax drama took a major turn.

An anonymous group of miners has threatened to launch a new breakaway bitcoin cash blockchain in protest of the tax. The group claims to represent 42% of the current BCH hashrate – and says that number will rise before the May 15 deadline.

The 12.5% mining tax was proposed as a way to fund developers, but its reception divided bitcoin cash’s users.

Bitcoin Cash: Hash War Beckons?

On Monday, a dissenting post was made to Read.Cash titled, “A Response from an Opposing Mining Group”. Within six hours the post had accrued $2,217 in…

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