Black Swan Event: Bitcoin Cash Has Now More Hash Power than Bitcoin. Crash imminent?

Rafael Badziag
Aug 24, 2017 · 2 min read

Since the last difficulty adjustment on Bitcoin Cash this night, more and more miners has been moving to mining Bitcoin Cash. As of now, Bitcoin Cash blocks are being mined over 15 times faster than those of Bitcoin. With the relative Bitcoin Cash’s difficulty of 10%, this means that Bitcoin Cash is being mined by more hash power than Bitcoin. Over 60% of all available hash power is mining Bitcoin Cash now vs Bitcoin’s less than 40%. Bitcoin Cash has 50% more power on its side than Bitcoin. The trend continues bringing even more hashing power from Bitcoin to Bitcoin Cash and moving the balance even further into Bitcoin Cash’s favor.

This is the first time in history that any other blockchain has more hashing power than the original Bitcoin. This spreads fears in the market about the future of Bitcoin, despite recent SegWit activation.

This black swan event may be the sparkle, that ignites a sudden Bitcoin price crash.

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Your comments are highly appreciated.

Ps. Since there were some questions as to the source of the data,
consult Blockchair.com:
BTC blocks mined between 9am and 10am UTC: 2
BCH blocks mined between 9am and 10am UTC: 30
So relative BCH mining speed = speed BCH/ speed BCT = 15
Relative difficulty of BCH = Difficulty BCH/Difficulty BTC = 888171856257,32/89420641867,3 = 0.1
So Hash Power BCH/Hash Power BTC = 15*0.1 = 1.5
So Hash Power BCH = 1.5 * Hash Power BTC.
Entire Hash Power = HP BCH + HP BTC = 2.5 HP BTC
So BTC has 1/2.5 = 40% of the entire Hash Power, and BCH has 60%.

The same calculation can be made for the 3 hour period between 7am and 10am. I provided it for 1 hour due to simplicity. Also the charts on fork.lol show the black swan I am talking about.

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I am entrepreneur, speaker, writer and angel investor based in Germany. Some people call me the Napoleon Hill of 21st century, others — the Billionaire Magnet

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