Craig Wright, who claims to be Satoshi Nakamoto, suggested that the Bitcoin Cash network , supported by more than 51% of the miners, supports the Bitcoin Cash SV.
Wright, who conducted an interview with Tone Vays, said more miners would support Bitcoin Cash SV, but they haven’t explained it yet. However, Wright’s supporters have already exceeded the 51% hashrate threshold.
The data from Coin.Dance shows that the pools that support SV (CoinGeek, Mempool, BMG and SVP) have really achieved the hashrate advantage. All of these mining pools constitute 63.2% of the Bitcoin Cash network.
Having a majority of hashrate in a network means that if the BCH block chain is split, it could kill the opponent’s block chain. If this happens, the BCH may become useless. However, it should be kept in mind that the miners are profitable, and that they can attract support if the profitability is insufficient.
Bitmain’s founder Jihan Wu and the other front, led by Roger Ver, are continuing their preparations for the hashrate threat. A few days ago, it was revealed that Bitmain was preparing to deploy 90,000 Antminer S9 mining units in order to gain an edge in the hashrate war by meeting with local miners in China.
Upcoming Bitcoin Cash Bifurcation
Bitcoin Cash had a disagreement over the update on November 15th, which divided the community. Craig Wright and Calvin Ayre and Jihan Wu formed two different groups led by Roger Ver. The two sides have different visions for the future of Bitcoin Cash.
Bitcoin Cash’s original developer team, the Bitcoin ABC, plans to support major changes to facilitate atomic swaps, while maintaining its 32 MB block size. On the other hand, Bitcoin SV, designed by Craig Wright and nChain, has a plan to increase the block size to 128 MB.