Hash Wars: BCH Community Evaluates Six Days of Battle

Six Days, Over 800 Blocks, and Bloody Markets
It’s been close to a week since the fork on Nov. 15 and the ongoing hash war has caused major debate and mixed emotions. According to Coin Dance statistics, there have been 852 blocks mined since the consensus rules changed and the ABC chain is six blocks ahead. Further, the owners of Coin Dance have deemed the ABC chain as the winner of the BCH name and now refer to the chain as Bitcoin Cash (BCH). Statistics also show that BCH has 44% more proof-of-work (PoW) than the BSV network. At the time of publication, both chains have roughly 4,000 PH/s or 4 exahash worth of hashrate apiece. However, this metric has fluctuated wildly and the averages are harder to gauge over a short period of time.


Coinbase and Bitstamp List ABC Chain as Bitcoin Cash (BCH)

If network conditions significantly change or become unsafe at any point, Coinbase may revise these plans.

"In order to best serve our users and enable maximum compatibility with Bitcoin Cash wallets, exchanges, and services throughout the ecosystem, CoinText has returned BCH service on our platform to following the ABC blockchain."
— CoinText (@CoinText) November 21, 2018
Hash Battle Debate Grows Quieter and Unwriter Speaks
Overall, a large portion of the BCH community seems to want this mess to be over and believe the war has been costly to both sides. However, according to a recent statement, Nchain’s chief scientist Craig Wright has claimed SV miners are “still competing.” Although as each day passes, with exchanges listing ABC as Bitcoin Cash (BCH), it seems as though the war is coming to an end, or at the very least growing quieter.
Think of Bitcoin as a nation. You are the capitalists who build the wealth of the nation of bitcoin. Without you—the ones who create capital out of labor to increase the wealth of the nation of bitcoin — there is no value in bitcoin because the wealth of bitcoin as a nation comes from the utility you generate by building, it doesn’t come from speculating.Unwriter stated that people should stop thinking like a follower and start thinking like a leader. The programmer further detailed that the 21st Century Motor Company has all four nodes supported and will continue to keep them operational. Lots of BCH enthusiasts are now discussing the best methods to split their coins safely while also waiting for services like Bitpay to re-open. The company seems to be moving towards re-establishing services soon and sources suggest they have chosen the ABC side of the chain. Additionally, on Wednesday, Nov. 21, the Bitcoin Cash Association (BCA) revealed the organization has decided to “support the side that follows the Bitcoin ABC protocol as Bitcoin Cash.” What do you think of the last six days of the hash war? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Coin Dance Twitter, Bitstamp, Pixabay, and Coinbase.
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ABC BCH BCH exchanges bitcoin cash BitStamp Blocks Coin Dance Confirmations Development Hash Wars Hashrate Miners N-Featured nChain PoW Proof of Work SV network