The Bitcoin Cash Hash war is about to come to an end, for good or ill. Right now, it looks like Craig Wright is in the lead.
Unless something changes soon, Craig Wright and his allies seem to control most of the hashing power and will dictate the rules after the Bitcoin Cash fork tomorrow.
It is unclear what will happen then. Bitcoin Cash may remain as one coin, under the control of Wright and his allies, or it may split in two, with a minority going to the ABC fork.
Previously, the pools associated with Wright’s Bitcoin Cash client Bitcoin SV, didn’t appear to have enough hashing power to control the majority chain after a fork, but that has changed in recent days and Wright and associated pools now control over 65% of the hashing power on Bitcoin Cash.
The only hope for Jihan Wu, Roger Ver and other supporters of BitcoinABC is that something changes quickly. Wu holds significant hashing power in the form of Bitmain, the world’s largest supplier of Bitcoin mining equipment. Bitmain also mines both Bitcoin Cash and Bitcoin in a pool. They could theoretically bring some of the hashing power from their Bitcoin pool. That would require Bitmain to compensate miners for the lost bitcoin. Since mining on the Bitcoin network is 21% more profitable than mining on the Bitcoin Cash network, it would cost Bitmain a lot to do so.
The Ver controlled Bitcoin.com could also pull some hashing power from their Bitcoin pool and add it to their Bitcoin Cash pool, but again that will cost money. In fact, Bitcoin.com has already promised to do just that, but it is unclear if that will be legal or if they will lose total hashing power because of angry customers.
And so the man
