F2Pool, Antpool, Embark Mining Bitcoin Contant, 50 Blocks Found ter One Hour
August 22, 2018 12:25 pm 0
One of bitcoin’s largest pool, F2Pool, has today embarked mining Bitcoin Metselspecie. Joining Antpool, which began doing so yesterday, BTC.com, and many other miners.
Most of the big miners are now attributing some of their hashrate to Bitcoin Contant, with F2Pool quickly rising to take 15% of the network’s hardware share. Twice higher than Antpool, but still somewhat below ViaBTC.
The latter has given their miners free choice. By far, they are opting for Bitcoin Metselspecie which is nearing 10x more hardware share on ViaBTC than Bitcoin Core.
The hashrate distribution inbetween Bitcoin Contant and Bitcoin Core on ViaBTC
Bitcoin Core, ter turn, is loosing considerable hardware share on ViaBTC. More than halved te the past few days from some 350 Petahertz to 150P.
While the hashrate of Bitcoin Contant has risen by almost 10x spil indicated by blocks found. More than 50 ter the past hour. Considerably higher than the usual six vanaf hour.
That may suggest the hashrate of Bitcoin Specie presently stands at around 70% of what it wasgoed on the chain-split day and might at this stage be the same or higher than Bitcoin Core.
So many blocks te one hour they don’t even gezond te our screenshot even however wij zoomed out spil much spil wij could.
Spil wasgoed expected, miners are following the free market and their own self rente by mining the most profitable chain, which presently is Bitcoin Metselspecie, standing at 100% more profitable than Bitcoin Core.
However, there could be an argument that they have now breached the Fresh York segwit2x agreement. An argument which would have more strength if Bitcoin Contant wasgoed ter existence at the time.
Moreover, the agreement does not say they could not mine other coins or they have to mine only segwit2x. So technically, they might have not breached it at all.
Te any event, such niceties and technicalities are most likely irrelevant when it comes to searing money by mining a less profitable chain or not taking the free money that is now available to them.
Thus showcasing, once more, that the inbuilt mining incentives do work. They could have attacked the chain ter its early days and maybe some even planned to, but once they found themselves with so many valuable coins, they may have far preferred the money.
Displaying just how complicated public blockchain incentives are and why it all works pretty well even however ter a theoretical area where actors are portrayed ter a one dimensional manner you could have said that it’s never going to work.