Friday, 17 August 2018

Calvin Ayre now controls almost one third of BCH mining

Calvin Ayre's CoinGeek has added 20,000 rigs in recent days, boosting its hash rate from 950 to around 1250 PH/s. That, and some miners switching to BTC as BCH's price has fallen, has left CoinGeek with approaching 33% of BCH mining, up from about 22% a week ago.

If BCH falls further against BTC, CoinGeek's share would increase again. However, fears that Calvin Ayre may soon control 51% of BCH mining are overblown: BCH would have to fall below 0.05 BTC for that to happen. Or he'd need to buy another 50,000 miners.

BTC.com's pie chart percentages don't include "other" miners (CoinDance's do), but step through these Last 3 months, Last month, Today, to get an idea of the rapid growth in CoinGeek's share of BCH mining.

Despite some large and sudden changes in the BCH/BTC exchange rate, other miners have been quick to switch back and forth such that equal BCH vs BTC mining profitability has been maintained.

submitted by /u/noticething
[link] [comments]

source https://www.reddit.com/r/btc/comments/97ukge/calvin_ayre_now_controls_almost_one_third_of_bch/

No comments:

Post a Comment