Bitcoin Cash (BCH) Miners are Backing the SV Network Based on Currency Hash Rates

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

According to news analyst,  66–77 percent of Bitcoin Cash (BCH) miners are backing the SV network based on currency hash rates, compared to 18–29 percent backing Bitcoin Cash ABC, which is favored by crypto evangelist Roger Ver.

The data is an estimate based on which mining pools have shown support for the coins after the eventual hard fork.

Bitcoin Cash hard fork draws closer, a majority of hash power favors the Bitcoin Cash SV iteration favored by Australian computer scientist Craig Wright’s chain.

While the hash rate is crucial for Proof-of-Work (PoW), if a coin is not accepted by exchanges, the hash would be wasted. At press time, Bitcoin Cash ABC and Bitcoin Cash SV are trading on Poloniex at $393 and $107, respectively.

The controversy surrounding the hard fork took a personal turn earlier this week, as arguments from each side’s largest proponents, Ver and Wright, became more strongly worded. Wright who has previously claimed to be Bitcoin (BTC) inventor Satoshi Nakamoto allegedly claimed in an email that Ver “hates Bitcoin” and regards him as “an enemy.”

Wright reportedly finished his email by repeating, “I AM Satoshi” and stating “Have a nice life. You will now discover me when pissed off.”

 Bitcoin Cash is down four percent on the day, trading at 508.60.

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