Most Miners to Support Wright's Bitcoin Cash

64% of the hash capacities were sent to the version of Bitcoin SV promoted by the Craig Wright
13 November 2018   1202

According to data from the CoinDance analytical service, on the eve of Bitcoin Cash (BCH) hard fork scheduled for November 15, the majority of miners support an alternative implementation of Bitcoin SV. 

Coin Dance
Coin Dance

In total, 64% of the hash capacities were sent to the version of Bitcoin SV promoted by the “self-proclaimed Satoshi”  Craig Wright. In support of the traditional implementation of BCH called Bitcoin ABC, only 18% of the hashrate is currently sent.

The diagram below shows that the CoinGeek, SVPool, BMG Pool, okminer and mempool pools supporting Bitcoin SV have a very significant share in the total Bitcoin Cash hashrate (more than 70% in total).

Coin Dance
Coin Dance

Bitcoin SV 0.1.0, as representatives of nChain are convinced, is the realization of Satoshi Nakamoto’s “true vision”, which described Bitcoin as electronic money. Among the main technical characteristics of this client, an increase in the limit on the block size from 32MB to 128MB, as well as the implementation of four Satoshi opcodes: OP_MUL, OP_INVERT, OP_LSHIFT and OP_RSHIFT.

Note that Bitcoin ABC and Bitcoin SV clients are incompatible. Consequently, on November 15, Bitcoin Cash is likely to split into two competing chains.

Bitmain to Reduce BTC Mining Hashrate by 88%

Total hashrate of Bitmain equipment used for mining on the SHA-256 is 237.29 PH\s; month ago it was 2072 PH/s
08 May 2019   239

The leading manufacturer of mining equipment Bitmain in the past 30 days has reduced the hashrate of bitcoin mining by 88%. This is evidenced by data reporting, which the company publishes monthly.

As of May 7, the total hashrate of the equipment used by Bitmain for mining cryptocurrencies on the SHA-256 algorithm (Bitcoin and Bitcoin Cash) is 237.29 PH/s.

Bitmain's Hashrate on Different Algorithms
Bitmain's Hashrate on Different Algorithms

At the same time, just a month ago, the volume of the respective capacities was 2072 PH/s.

Based in Beijing, Bitmain not only manufactures equipment that is popular among miners, but also mines cryptocurrency using its own resources. The company began to publish reports on the available mining facilities in July last year. At that time, the hashrate of SHA-256 equipment was 1692 PH/s.

By October 2018, the hashrate had risen to 2339 PH/s, but by March it had already dropped to 1700 PH/s. Against this background, the share of Bitmain's computational power in the total bitcoin hashrate decreased from 4% to 0.4%.

After the April BTC price recovery, the amount of computing power of Bitmain began to grow again. At the same time, the total hashrate of the first cryptocurrency network, which has updated the six-month maximum by the beginning of May, began to recover with confidence.