Bitcoin CashBitcoinBitcoin GoldBlockchain

Bitcoin Cash gained over 30% in less than 24h

Huge price jump of one of the Bitcoin's hardfork brothers; what's the reasons? 
10 November 2017   1764

Bitcoin Cash' price gained more than 30% in less than 24 hours. At the moment of press, 15 UTC, November 10, 2017, it's $829.10 with $13 822 501 360 marketcap and $3 104 290 000 24h volume.

Bitcoin Cash Price Chart
Bitcoin Cash Price Chart

The rapid increase in the price of Bcash can be attributed to a number of factors, including the latest announcement of the founder of the Pirate Party, Rick Falkvinge, that he is redirecting all available resources to the BTH.

Under the "latest developments" Rick Falquinge is referring to the statement of the supporters of SegWit2x about the refusal of the planned for the middle of November hardfork.

Another important reason for the increase in Bcash's price can also be considered the approaching hardfork of this network: as previously confirmed by the developers, it will happen on November 13. This fork is planned and is aimed at changing the existing consensus rules in the Bcash network.

We can not, however, exclude another version, which co-founder of Bitcoin.org Cobra recently expressed.

Also, among the latest developments in the Bitcoin Cash ecosystem, we can point out the Bitcoin. com almost stopped BTC mining and now is focused on Bitcoin Cash. At the moment, the Bitcoin.com share in the total hashte Bitcoin Cash is about 18%.

Bitcoin Cash last blocks
Bitcoin Cash last blocks

ViaBTC, which owns one of the largest mining pool in the Bitcoin Cash ecosystem and the Exchange of the same name, circulated a statement that it is taking a community decision and disclaims the BCC ticker in favor of BCH.

In late October, the Bitcoin Investment Trust, announced the sale of 1,688,700 shares denominated in Bitcoin Cash and the further distribution of the funds received to the company's shareholders.

This news looks interesting on the background of Bitcoin price rapid fall.

MiningBitcoin CashBlockchain

Two Mining Pools to Gain 50% of the BCH Hashrate

Media reports that Coingeek and BMG Pool are affilated with odious Australian entrepreneur Craig Wright
18 September 2018   175

The centralization of Bitcoin Cash mining has reached a new level after only two pools - Coingeek and BMG Pool - have established control over more than 50% of the total network hash. This is reported by Trustnodes.

Bitcoin Cash Mining Pools
Bitcoin Cash Mining Pools

Earlier today, there were also reports that at some points the aggregate capacity of both pools reached 58%.

While BMG Pool directly belongs to the odious Australian entrepreneur Craig Wright, the no less scandalous Calvin Ayre, who maintains close ties with Wright, is considered the nominal owner of Coingeek.

The current situation, the media believes, does not exclude the possibility of collusion of the 51% attack on the network. In particular, in this case there is a probability of double spend of coins, which, accordingly, will force the exchange to increase the number of required transaction confirmations.

At the same time, the current situation is likely to be a demonstration of power by Craig Wright on the eve of the November upgrade of the network. As a result of disagreements between different groups of developers, it is still possible that Bitcoin Cash, which at one time split from bitcoin, will itself be split into two separate chains.

Note that the Bitcoin Cash hashrate on the whole continues to remain at a fairly low level, accounting for less than 8% of the bitcoin.