- Bitcoin Cash continues sliding with $500 handle in focus.
- The majority of miners support Bitcoin SV version.
The majority of miners support Bitcoin SV, the alternative implementation of Bitcoin Cash offered by Craig Wright, according to the recent data, provided by CoinDance.
Notably, the “self-proclaimed Satoshi” has attracted about 64% of hash rate power, while the traditional implementation known as Bitcoin ABC has only 18% of hash power.
CoinDance explains that CoinGeek, SVPool, BMG Pool okminer, and mempool has the significant share of the aggregate Bitcoin Cahs hash rate (over 70%). All of them support Bitcoin SV implementation.
It is worth noting, that Bitcoin ABC and Bitcoin SV are not compatible, which means that Bitcoin Cash will split into two conflicting chains on the Fork Day, November 15.
Bitcoin Cash, the fourth largest digital asset with market value $9B, is trading at $512, down over 2% since this time on Monday. The coin has lost about 20% from its recent peak of $664 as the market is getting nervous ahead of the potentially messy hard fork.
BCH/USD, the daily chart
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