Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Ahead of Bitcoin Cash Fork, Hash Power Still Favors SV Camp

Published 11/15/2018, 10:40 AM
Updated 11/15/2018, 11:15 AM
© Reuters.

Bitcoin cash is expected to execute its scheduled hard fork in the next few hours, but warring mining-pool factions continue to duke it out over control of the network.

According to Coin Dance, mining pools supporting Bitcoin SV lost some of their relative hash power over the past 24 hours, though they still maintain a majority with roughly 72.22 percent of the current network's power. In contrast, mining pools which likely support Bitcoin ABC mined 16.66 percent of the current network.

While the latter group of mining pools have increased their relative hash power from 11.11 percent roughly 24 hours ago, they have yet to match the 19 percent of the network they controlled earlier this week.

Continue Reading on CoinDesk

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.