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Bitcoin Cash Will Avoid Chain Split as Mining Tax Dies

Bitcoin Cash is on-track to avert a chain split after a proposal that would force miners to contribute part of their earnings to BCH development loses critical support.

Reality Check for Bitcoin Cash Miners

After Bitcoin ABC, the dominant Bitcoin Cash node client, announced they are hard coding the proposal for a miner tax in their next upgrade—Jiang Zhuoer, CEO of BTC.TOP and the original proposer of the tax, said that he would vote against the proposal using his personal hash power of 3,500 PH/s, which represents about 2.9% of the network hashrate at press time.

The proposal was set to go live if 66% of network hash power voted for it. Roger Ver and other high-profile mining groups were listed as supporters. Some of these initial supporters wavered after public backlash. Read More...