Supporters of Bitcoin Cash have recently been discussing a new mining entity that has joined the network with a substantial hash rate. The combined mining operation called HathorMM currently captures 33% of the Bitcoin Cash hash rate, and miners are also mining Bitcoinsv.
The Bitcoin Cash (BCH) network currently has a SHA256 hash rate of 2.77 exahash (EH/s) pointing to the chain, and a new mining entity has also joined the ranks. On October 11th, some members of the BCH community discussed a mining operation called HathorMM and revealed that the project is a combined mining network.
At the time of release, HathorMM operation commands accounted for 33% of the current BCH hash rate, and 22% in the last 7 days. According to the statistics of “Coin Dance”, in terms of hash rate, the action on Monday afternoon is currently the largest BCH mining pool.
The mining pool is a combined mining operation, which means that miners can mine Bitcoin Cash (BCH) and Hashor (HTR) at the same time. The Hathor Network website claims that the project is “a scalable and easy-to-use blockchain for digital assets.” The community’s HTR mining quick guide indicates that BCH, BSV and DGB can be used for combined mining.
The guide highlights that the HTR mining pool is “not managed by the Hathor team”. The source code of the project can be found on Github and on the Hathor mainnet launched on January 3, 2020.
The project recently released a document on “Hathor Token Economics”, and there are currently 84,448,933 HTRs in circulation. The market value summary shows that HTR is worth 0.321 US dollars per unit, and the trading volume on Monday afternoon (ET) is approximately 79,000 US dollars. On September 25, 2020, HTR was trading at $0.058, which means that it has risen by 540% during that time. It seems that HTR is only exchanged on one exchange and is paired with BTC on the trading platform Qtrade.
At the same time, it is expected that the Bitcoin Cash (BCH) network upgrade will be carried out for 34 days on November 15. Members of the BCH community have been discussing the HathorMM pool because many empty blocks have been mined in recent days. John Nieri (emergent_reasons), the founder of Universal Protocol and BCHN developer, explained that the creator of Hathor Network has nothing to do with the merged mining pool.
“The general agreement and BCHN have been working hard to resolve this situation,” Nieri detailed in the topic on Hathor. FYI, Hathor has four main consolidated mining products. Three of them mine regular blocks with lower hash values. We have not yet contacted them, but will try again this week. One of them mines empty blocks with a high hash rate. We are pretty sure that we have determined that this is a pool and are communicating with them to make sure they are aware of the November issue. “
HathorMM has captured more than 4% of the BSV hash rate in the past seven days, so Hathor merged mining has also appeared on the Bitcoinsv (BSV) network. On Monday afternoon, the combined mining on Hathor-based BSV was about 3.47%.
What do you think of the merged mine mining with Bitcoin Cash miners? Tell us what you think in the comments section below.
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