Two mining pools control close to 50% of the Bitcoin Cash hashrate
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According to data provider coin.dance, over the past week, Coingeek and BMG Pool controlled 45% of the Bitcoin Cash hashrate. This number has grown to ~49% as of today. Coingeek and BMG Pool are owned by Calvin Ayre and Craig Wright, respectively. There have been internal debates in the Bitcoin Cash community over potential upgrades that could lead to a hard fork of the Bitcoin Cash blockchain, with Craig Wright pushing for his Bitcoin SV implementation. A majority control of the hashrate distribution could determine the winners of the debate. (Source: Trust Nodes)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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