Tech 19 July 2018

Jasmine Solana

CoinGeek holds close to 20% of Bitcoin Cash global hash

Six months after mining its first Bitcoin Cash (BCH) block, the Antiguan-based CoinGeek Mining Division now holds the top spot among the Bitcoin BCH miners.

Coin.Dance data showed CoinGeek holds 19.44% of the BCH global hash power on Thursday, surpassing ViaBTC, which has 16.67%. BTC.com came in third place with 9.03%, followed by Rawpool (6.25%), Bitcoin.com (6.25%), AntPool (4.17%), SBI Crypto (2.78%), BTC.top (2.08%), F2Pool (0.69%), and Huobi (0.69%). Other mining pools hold 31.94% of BCH hash power.

CoinGeek holds close to 20% of Bitcoin Cash global hash

On a seven-day basis, CoinGeek is 18.6% of the Bitcoin BCH global hash, followed by BTC.top with 16.4%, and ViaBTC with 10.7%. Trailing behind are BTC.com (7.8%), Rawpool (5.5%), AntPool (5.1%), Bitcoin.com (4.6%), SBI Crypto (1.8%), Huobi (0.2%), and F2Pool (0.1%). Other mining pools has 29.2% of the global BCH hash.

CoinGeek holds close to 20% of Bitcoin Cash global hash

This isn’t the first time that CoinGeek took the top spot among Bitcoin BCH miners around the world. Last week, its Antiguan-based Mining Division surpassed BTC.top as the largest BCH mining pool in terms of blocks mined. CoinGeek is on track to turn on another 20,000 miners in August, a move that could cement its spot at the top of the global mining pools.

Antiguan entrepreneur and CoinGeek founder Calvin Ayre, an early and vocal advocate of Bitcoin BCH, said, “We intend to continue to invest in growing our true Bitcoin hash and this means only Bitcoin BCH, the world’s only everything token and the world’s best cryptocurrency by every metric.”

If you’re interested in helping the growth of merchant adoption of Bitcoin Cash, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be in London for the first CoinGeek Week happening in November. Register here, and be the first to know when tickets go on sale for this historic week.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

Pakistan eyes blockchain for digitalization of government processes

Tech 18 April 2019

Pakistan eyes blockchain for digitalization of government processes

A meeting chaired by Pakistan Prime Minister Imran Khan discussed ways in which technologies such as blockchain could be used to ensure efficiency of government processes.

Read More
Accenture, Generali taps blockchain for employee benefits

Tech 18 April 2019

Accenture, Generali taps blockchain for employee benefits

Global management consulting firm Accenture has teamed up with Generali Employee Benefits to develop what they referred to as a unique employee benefits system powered by blockchain.

Read More
Bitcoin SV and the roadmap to Genesis

Tech 17 April 2019

Bitcoin SV and the roadmap to Genesis

Coming soon will be a network upgrade called Quasar, which is currently scheduled for July 24 and centers on increased scaling capabilities.

Read More