Two major mining pools, Roger Ver’s Bitcoin.com and Bitmain’s BTC.com, have decided to take the side of the BCHABC coin to prevent a further ‘hash war’
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Do they not understand it is NOT about SPIKES in HASH?
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It's ECONOMICS not who can pay/provide the most hash for days, weeks, or months...
Common Sense...
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In blockchains that use the Proof-of-Work protocols, it is the longer chain that wins, and so far BCHABC is way longer than BCHSV. The CEO of BTC.com did not specify for how long the company plans to support the ABC network of BCH. Currently, the mining pool seems to be working both with BCH and BTC well enough. During the weekend the pool has produced 10 percent of Bitcoin blocks.
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So let's get this straight...
One Camp (SV) is NOT buying, renting, or subsidizing HASH
One Camp (ABC) is buy, renting, or subsidizing HASH
Why? Because THEY (Bitmain, Bitcoin.com, etc) BELIEVES it is the right chain that everyone should use.
Why not just back down and see what the economics show...scared?
If the economics show that ABC is better and gains consensus fine...but please stop trying to influence others...
t is clear that ABC has forked away from the original Bitcoin design to the extent that there is no real technical way to combine the two technologies (ABC and original Bitcoin) anymore. Many are even suggesting that ABC has implemented so many changes (CTOR, OP_CheckDataSig, and especially their new checkpoints after November 15 hard fork) that they in fact created a new genesis block, and have forked off to something new which is neither Bitcoin nor even BCH anymore. I also saw some people are calling ABC’s new coin “BAB” because it’s no longer BCH, and even the Bitfinex exchange lists it now as BAB.
It is also clear that the 64 MB block mined yesterday with Bitcoin SV proves to the world that we are correct and that Bitcoin, as originally designed, can already scale quite massively. We think without the distraction of this hash election, we can already mine 128 MB blocks and we are predicting potentially 1GB blocks on SV in 12 months, once more technical work is done.
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1G Blocks would be very significant for SV and the price of SV.
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Additionally, CoinGeek and friends will make sure that no one in our camp launches any legal proceedings related to the manipulation of customers’ BTC hash or last week’s DDoS attack on CoinGeek’s website.