Bitcoin News News

The Hash war is Not Over! Says ‘Craig Wright’ Backer of Bitcoin (BTC)

CNBC Crypto trader host Ran Neuner interviews Bitcoin Cash supporter ‘Roger Ver’ and Bitcoin backer ‘Dr Craig Wright’ – Asking them both if the hash war is actually over?

Roger Ver thinks the Hash war is all done and dusted! And Craig Wright says it’s still going! Here is what they both had to say..

Ver – Right from the opening bell the Bitcoin ABC implementation of bitcoin cash had substantially more hash rate than the Bitcoin SV (Satoshi’s Vision) implementation of bitcoin cash, and its been that way the entire way through

Roger then continued with..

There is already waaaaaay more proof of work that’s been done on top of the Bitcoin ABC version of Bitcoin Cash than the Bitcoin SV version, so its done no good from my point of view

Crypto Trader Ran Neuner then says to Craig;

There were disagreements between the two camps which couldn’t be reconciled and forced a chain spilt! Then there was going to be a hash war.. or was there a war?

Craig replies with..

There still is a hash war! We are doing something known as persistence hunting.. It’s a technique where, we’re doing an endurance attack – were going to support the original chain, but we are not going to waste a lot of money doing it, so we will move mining equipment back and forwards between BTC and Bitcoin, and as we are doing that we will earn money on BTC which we will sell, which pays for our electricity.. and at any point no one knows whether we are moving hast rate over to BTC, or … we are seeking to re-org the chain. so, what you will find is whenever we remove some of our hash rate and start earning money, then.. the other side throws a whole lot of hash rate off BTC, costing them money at the ABC Chain, and they burn a lot of money as we earn.

CNBC Crypto Trader Ran continues to question Craig asking;

So let me get his straight!..  What you’re saying is, for you this is not an ego war? (Craig confirms it is not an ego war).. but you are playing this to actually make money.. at what point do we declare that either Bitcoin ABC or Bitcoin SV is the new BCH?

Craig quickly replies with..

Errrm, well I still call it bitcoin! We are following the original bitcoin as of the white paper, we are actually going to return it more and more to there, we don’t have people in the way blocking is anyone! So we are going to return it to bitcoin 0.1, we are going to fulfil the original version of bitcoin. We are going to get rid of a lot of the silly additional ideas, were people thought it was really about drug trades, and privacy and anarchy.. and we are going to make it cash, cash my grandmother would be able to use, cash i would be happy to give my children to use in a tuck shop

Craig then tells the CNCB host – That despite the hash war which is still going on, his entire corporate team ‘globally’ are still working harder than ever on the future development of Bitcoin (BTC), stating..

at the peak we achieved 1500 transactions per second on our testing last night – We had the biggest block on any public blockchain ever achieved – So we are happy to keep scaling that! We done 64, we are now going 128 megs, then in the next 6 months we’ll be opening up to a whole 512 or half gigabyte blocks, and scaling from there. Our aim is within 2 years we’ll be at a level which will take every single blockchain, globally – and have a bigger volume. We’ll be able to take every transaction Ethereum has ever done, every transaction BTC, Paypal ‘which isn’t even a blockchain’ and throw them all together, and ‘without a blink’ process them.

The hash wars are not bringing down the market, it’s bringing down the casino!



Cryptotelegraph hand

You may also like

Bitcoin News News

Bitcoin (BTC) Price Party’s Only Getting Started after 2019’s Monster 100% Surge


According to eToro senior market analyst Mati Greenspan, bitcoin is in amidst a parabolic bull cycle and is on track to sustain its strong momentum over the medium to long term.

Since January, within less than six months, the bitcoin price has increased by nearly 100 percent against the U.S. dollar.

Bitcoin Charts BTC Charts Prices

With a 98% gain year-to-date, bitcoin has outperformed most assets in 2019

Still, despite its large short-term rally, Greenspan noted that the dominant cryptocurrency is only at the start of a bigger cycle that may lead to new highs for the asset.


In December 2018, the bitcoin price dropped to its lowest yearly point at $3,150. At the time, even though the industry had demonstrated significant progress in improving the infrastructure supporting the asset class, the sentiment around…

View More Article
News Ripple News

Ripple (XRP) Explosive Two Day 31% XRP Rally


World’s third largest cryptocurrency Ripple (XRP) has appreciated up to 31-percent against the US dollar in just two days.

The XRP-to-dollar exchange rate Tuesday established an intraday high towards $0.405, up 25.05% since the market open on Luxembourg-based Bitstamp exchange. The pair dropped as much as 5.05-percent ahead of the European session to neutralize its overbought sentiments, finding interim support at $0.384-level.

Ripple XRP Price Charts


The sentiment was the same across the rest of the cryptocurrency index, with almost all the leading cryptocurrency posting surplus intraday gains. Bitcoin (BTC), for instance, extended its rally action to establish a new 2019 peak towards $8,836.19. Ethereum, EOS, and Bitcoin Cash too recorded double-digit percentage gains on a 24-hour adjusted timeframe.

The cryptocurrencies’ breakout action further came with a rise…

View More Article
Bitcoin News News

Bitcoin Price Smashes $7,500 With Spectacular Return of Bull Market


The crypto market has made a spectacular return as it added $28 billion in the past 48 hours. The bitcoin price surged past $7,400 and hit a new 2019 high, marking the start of a new bull market.

In many major markets, the volume of bitcoin has returned to the late 2017 level with the “real 10” daily spot volume of bitcoin surpassing $1.9 billion.

bitcoin charts 24hr volume, Bitcoin Price

The bitcon price hit a new 2019 high after surging over $7,500

The “real 10” volume calculates the daily volume of BTC using ten exchanges that have more than $1 million in legitimate volume. In March, the “real 10” volume was estimated to be around $270 million.


Alex Krüger, a global markets analyst, said that the recent rally of BTC was initiated without the involvement…

View More Article
Cryptocurrency News

Facebook is Pro-Crypto: Social Media Giant Lifts Ban on Cryptocurrency and Blockchain Ads


Facebook, the largest social media giant, made news after it announced that it would launch its own cryptocurrency, Facebook Coin. It was also rumoured that Facebook was looking out for VC firms to invest in their cryptocurrency project, with the targeted sum being “as much as $1 billion.”

Now, according to an official announcement, Facebook is going to lift its ban on cryptocurrency and blockchain related ads on its platform.

The facebook statement read :

“Starting 5 June, we will update our Prohibited Financial Products and Services Policy to no longer allow ads promoting contracts for difference [CFDs], complex financial products that are often associated with predatory behaviour. These products, due to their complexity, often mislead people.”

Facebook had implemented the ban on cryptocurrency ads and promotional campaigns related to blockchains and ICOs back in January 2018. It was believed that the ban was to tackle concerns…

View More Article
Bitcoin News News

How To Prove You’re Bitcoin Creator Satoshi Nakamoto..


Craig Wright, a man who, as WIRED wrote about back in 2016, either created Bitcoin or very badly wants someone to believe he did.

Now rumours are swirling through the Bitcoin world that Wright himself is poised to publicly claim—and possibly offer some sort of proof—that he really is Satoshi Nakamoto, the mysterious inventor of Bitcoin. If he does, he’ll have to convince a highly skeptical cryptography community for whom “proof” is a serious word, and one that requires cryptographic levels of certainty.

The suggestion is that Wright, an Australian cryptographer and security professional, has arranged to perform a demonstration for media in London sometime in the next week that’s intended to convince the world he’s bitcoin’s creator.1 Luckily for any legitimate claimant to the Satoshi throne—and for bitcoiners tired of the long succession of unproven candidates and speculation—there are some clear, almost incontrovertible ways for Satoshi Nakamoto to prove himself. When…

View More Article