Mining Pools Aim To Divert The Bitcoin Cash Infrastructure

Some of the major mining pools aim to change the entire infrastructure of Bitcoin Cash by diverting the 12.
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5 percent of the block rewards for further development of the entire network so let’s find out more in the coming Bitcoin cash news.

The CEO of BTC.TOP, one of the largest BCH mining pools, revealed that the miners agreed to the proposal and now Bitcoin Cash is about to embark on another one of the hard decisions as the top mining pools aim to develop the infrastructure and to improve funding for the miner block rewards. If the mining pools decided to donate a share of the rewards, they would likely have been no controversies. However, by deciding to empty the blocks of the miners who don’t want to contribute a portion of their rewards, the mining pools have really become the center of attention in the crypto community.

According to the data from Coin.Dance, the top five mining pools that agreed to this proposal, BTC.TOP, BTC.com, VIABTC, AntPool, and Bitcoin.com, control 28.5% of the network’s hash power. Zhuoer stated that the proposal should go live by May 2020. The only way to implement this decision is to deploy the code through a hard fork which also means that if the community disagrees with the initiative, they will have to block it. If the developers of Bitcoin Cash upgrade the protocol and facilitate the hard forks end up disagreeing with this, it will be difficult for the miners to overcome this decision unless they leave the network.

The fact that the miners are willing to give up some of their revenue for better infrastructure shows that they are too committed to the ecosystem to move out of the BCH and redirect their machines to another SHA-256 cryptocurrency. Some of the other miners who only want to make a revenue could likely switch from BCH. BTC miners earned an average of about 55 BTC in fees per day while the Bitcoin Cash miners earned only 0.5938 BCH. Considering about 50 percent of BCH’s hash rate comes from the undesignated mining pools, any impact on the profitability could see the network losing a lot of hash power.