Bitmain’s BTC.com Pool Seems To Be Mining Bitcoin SV After Ugly BTC-Fork Hash Wars Feud
- BTC.com Pool seems to be mining Bitcoin SV
- This comes after a hash war Bitcoin SV and Bitcoin Cash had in November 2018
Several months have passed since Bitcoin Satoshi Vision (BSV) and Bitcoin Cash (BCH) decided to take their own paths after a contentious hard fork. BTC.com, the mining pool controlled by Bitmain Technologies is currently mining Bitcoin SV.
Bitmain’s BTC.com Pool Mines Bitcoin SV
The first days after the hard fork were very negative for virtual currencies, including Bitcoin (BTC), Bitcoin Cash and Bitcoin SV. Indeed, the whole market dropped to the lowest point in more than an entire year. At that time, BSV and BCH supporters started a hash war that lasted for a few days before deciding to run on separated sides.
According to data provided by different blockchain explorers, BTC.com mined 1 percent of BSV blocks in the last 24 hours. Although this is relatively small participation, the rate of BSC blocks signed by BTC.com seems to be increasing.
— WhatsOnChain (@WhatsOnChain) July 2, 2019
BTC.com has been outside Bitcoin SV mining since the aforementioned hash war event took place on November 2018. According to Hard Fork, there are some estimations that show that the combatants spent $700,000 per day in order to fight for Nakamoto Consensus – this would have allowed BSV to get the BCH ticker in the market.
Finally, Bitcoin Cash, backed by Roger Ver and the Bitcoin ABC implementation claimed victory. Meanwhile, Bitcoin SV remained operating with less on-chain activity and overall hash power. There were many individuals and enthusiasts that believed that the integrity of the network was at risk due to the low hash rate it had.
CoinGeek has several times been controlling Bitcoin SV’s network with more than 50 percent of the hash rate, which is not positive for a network that claims to be decentralized.