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Bitcoin Cash advocates recently discussed a new mining entity with a large amount of hashrate joining the network. The merge mining operation called HathorMM currently captures 33% of the Bitcoin Cash hashrate and miners are mining Bitcoinsv as well.
The Bitcoin Cash (BCH) network currently has 2.77 exahash (EH / s) of SHA256 hashrate pointed at the chain, and a new mining entity has joined the ranks. On October 11, members of the BCH community discussed the mining operation dubbed HathorMM and revealed that the project is a fusion network.
At the time of publication, the HathorMM operation commands 33% of today’s BCH hashrate and 22% for the past seven days. The Monday afternoon operation is currently BCH’s largest mining pool in terms of hashrate according to Coin Dance statistics.
The pool is a merge mining operation, which means that miners can mine both bitcoin cash (BCH) and hathor (HTR). The Hathor Network website states that the project is a “scalable and easy-to-use blockchain for digital assets”. The HTR Mining Community Quick Start Guide indicates that merged mining can be done with BCH, BSV, and DGB.
The guide points out that HTR’s mining pools are “not managed by the Hathor team”. The project’s source code is available on Github and Hathor’s mainnet launched on January 3, 2020.
The project recently published papers on “Hathor Token Economics” and 84,448,933 HTR are currently in circulation. Market cap aggregators show HTR is worth $ 0.321 per unit and there is approximately $ 79,000 in trading volume on Monday afternoon (ET). On September 25, 2020, HTR was trading for $ 0.058, meaning it gained 540% over that time period. It appears that HTR is only trading on one exchange and is paired with BTC on the Qtrade trading platform.
Meanwhile, the Bitcoin Cash (BCH) network update is expected to take place in 34 days on November 15th. BCH community members discussed the HathorMM pool because several empty blocks have been mined over the past few days. General Protocols founder and BCHN developer John Nieri (emergent_reasons) explained that the creators of the Hathor Network have nothing to do with merged mining pools.
“The general protocols and BCHN have worked to resolve the situation,” Nieri explained in the Hathor thread. “FYI, there are four main results of Hathor merge mining. Three of them mine regular blocks with relatively low hashrate. We haven’t been able to contact them yet, but we’ll try another try this week. One of them mines empty blocks with a high hashrate. . We are pretty sure we have identified which pool this is and are working to communicate with them to make sure they are aware of the issues in November. “
Hathor’s merge mining is also represented on the Bitcoinsv (BSV) network as HathorMM has acquired over 4% of the BSV hashrate in the past seven days. On Monday afternoon, Hathor-based merge mining on BSV is around 3.47%.
What do you think of the merge mining operation together with the Bitcoin Cash miners? Let us know what you think in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Coin Dance Bitcoin Cash Blocks Data,
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