Bitcoin Cash: Single Mining Pool Controls 50% of Hashrate

[Lmaooo]

Bitcoin Cash mining centralization has reached a level where just one pool is controlling half of its hashrate, according to Coin Dance.

The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network at some point today. It contributed the hashrate of 679 Peta-Hash per second against other major competing pools including BTC.com (257 PH/s), ViaBTC (215 PH/s), AntPool (125 PH/s), and Bitcoin.com (187 PH/s).

CCN | https://www.ccn.com/bitcoin-cash-single-mining-pool-controls-half-of-hashrate/

[JeffBrad12]

Bitcoin Cash mining centralization has reached a level where just one pool is controlling half of its hashrate, according to Coin Dance.

The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network at some point today. It contributed the hashrate of 679 Peta-Hash per second against other major competing pools including BTC.com (257 PH/s), ViaBTC (215 PH/s), AntPool (125 PH/s), and Bitcoin.com (187 PH/s).

CCN | https://www.ccn.com/bitcoin-cash-single-mining-pool-controls-half-of-hashrate/

Lol there was less than 1% remaining to do 51% attack to the BCH network. Even the combination from all ot big pools that being controlled by jihan WU and roger can't even compete with it.
Some of BCH miners are moving toward BSV and that should be the main reason why that was happening.

[ereborltc]

I think this situation is not conducive to the stable development of cryptocurrency. The concept of decentralization is still far from reality.