Bitcoin
$3,267.58 0.49%
BTC · 3w

Bitcoin.com Mining Pool Directs All Hash to Bitcoin Cash ABC

Twitter Facebook LinkedIn

Roger Ver’s Bitcoin.com mining pool users are mining Bitcoin Cash ABC in support of the ongoing contentious hard fork, and if they don’t like that, they’ll have to move to a different mining pool, according to an announcement posted on the dashboard of the Bitcoin.com mining interface.

Source: Bitcoin.com/mining

Bitcoin.com mining allows users to connect their own mining hardware or to purchase hashrate from the company, effectively renting miners. “Cloud mining,” as it were, has a particularly bad reptuation in the Bitcoin world, but to date, there have been no reports of foul play regarding Bitcoin.com.

The pool boasts a regular hashrate of more than 400 petahashes for Bitcoin Core and has mined a total of more than 1700 blocks since its inception. Its success rate has been notably better in Bitcoin Cash, having mined more than 6000 blocks. Its normal BCH hashrate ranges quite a bit less than Bitcoin Core, meaning that Bitcoin.com will have a significant boost from diverting all its hashpower toward BCHABC. It should be noted that Bitcoin.com had only found a few blocks in BTC over the past few days, anyway. This will be good for users of Bitcoin ABC and if the value of Bitcoin ABC stays up, it can be good for miners affected, as well.

We can confirm that for today, at least, all of the hash associated with Bitcoin.com will be mining Bitcoin Cash ABC. According to Coin.dance, Bitcoin.com regularly mines more than 5% of the blocks in Bitcoin Cash.

Source: Bitcoin.com/mining

What we will be learning today is how big a role Bitcoin.com will play in securing the new Bitcoin Cash ABC blockchain. Until September of 2013, Bitcoin Core’s hashrate was less than 1 PH/s. A lot of factors are involved when assessing the importance of hashrate. So long as Bitcoin Cash ABC has the same hashing algorithm as Bitcoin Cash SV and SV has more dedicated hashpower, there are potential security risks in that a ro...

Continue on ccn.com
Recent news
BTC +0.49% · twitter.com · 4h

Gab.com: “Gab has an incredible opportunity to educate & introduce close to a million people (& growing) to free speech money: bitcoin. Silicon Valley giants can’t stop or censor bitcoin. Our job now is to make it easy to purchase & use. With some education & time, we can & will make it happen.”

Bitcoin is the clear solution. Gab has an incredible opportunity to educate and introduce close to a million people (and growing) to free speech money: bitcoin. We aren’t doing it because it’s hip or ...