BCH Hash Watch: Majority of Miners Signal BCHN, Coinex Exchange Announces Futures

BCH Hash Watch: Majority of Miners Signal BCHN, Coinex Exchange Announces Futures

Bitcoin Cash proponents have recently noticed that the last 612 blocks or more than 61% of the last 1,000 blocks have been mined using BCHN, according to Coin Dance statistics. Moreover, data also shows that 82% of Bitcoin Cash hashpower is signaling BCHN, as the prominent miners Btc.com and Antpool have started signaling.

BCH fans are patiently waiting as there’s 53 days left until the November 15th Bitcoin Cash upgrade. News.Bitcoin.com reported on September 1, on how there’s a high chance the BCH blockchain will bifurcate into two networks.

At that time, our newsdesk detailed how prominent members of the BCH community bid the Bitcoin ABC developers farewell, and a number of mining operations began signaling the node BCHN.61.19% of the last 1,000 blocks are mined using the BCHN full node software, according to data stemming from Coin Dance.

Today, Coin Dance statistics show 612 out of the last 1,000 blocks have been mined using the BCHN full node software. Toward the end of September, two new pools joined the fray of BCHN signalers, as Btc.com and Antpool started signaling BCHN in their coinbase parameters.

This means currently 82% of the entire BCH hashrate has been signaling BCHN. Pools included in this group include Binance, Antpool, Btc.com, Btc.top, Bitcoin.com, Huobi, Okex, MY7A, easy2mine, and Bejn.

During the last 12 hours, around2.6 exahash per second (EH/s) of hashrate has been directed at the Bitcoin Cash (BCH) chain. Additionally, the trading platform Coinex revealed contingency plans for the upcoming upgrade, as the announcement mentions the possibility of a network split.🔥The Bitcoin Cash network will undergo a semi-annual hard #fork upgrade on Nov 15.

🔥To provide users with better services, we are going to launch futures markets of #BCH forked coins on Sep 24, 2020. #BTC #bch #crypto #coinex #hardfork #bchforkhttps://t.co/8zEHNGXYwE

— CoinEx (@coinexcom) September 23, 2020

Coinex also announced the introduction of futures slated to drop on September 24. Bitcoin Cash supporters will also be waiting for other exchanges to reveal contingency plans as well going forward.

The futures listed on the crypto trading platform Coinflex show ABC versus BCH futures are still 10-to-1 in favor of BCH. While BCHN blocks crossed the 60% range, BCH supporters on the Reddit forum r/btc discussed the changes. Many expect the number of BCHN-mined blocks to increase during the next few weeks.

One Redditor noted that since Antpool just recently joined with 20% of the hashrate, the “[seven] day average should reach ~75% in [five or six] days time.”

What do you think about the hashpower signaling BCHN and the recent futures announcement from Coinex? Let us know what you think in the comments section below.Billionaire Paul Tudor Jones Would Buy More Bitcoin If He Really Understands It, Says Microstrategy CEONEWS | 13 hours agoTokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin"s Main SidechainNEWS | 1 day agoTags in this storyAntpool, BCHN, Bejn, Binance, Bitcoin ABC, Bitcoin.com, BTC.com, BTC.TOP, coinbase parameters, Coinex Futures, Coinflex futures, easy2mine, Hashrate, Huobi, MY7A, Okex, r/btc

Image Credits: Shutterstock, Pixabay, Wiki Commons, Coin Dance Bitcoin Cash Blocks Data,Use Bitcoin and Bitcoin Cash to play online casino games here.Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Read disclaimerShow comments