/BCH Miners Retaliate to Recent Funding Proposal 

BCH Miners Retaliate to Recent Funding Proposal 

  • Jiang Zhuoer published his proposal to direct 12.5% of mining rewards to support the BCH infrastructure over the course of this year.
  • In response, anonymous North American and European miners have announced the formation of an opposing mining group.

Following on from an article we published earlier today, bitcoin cash miners have been left with a lust for revenge, so to speak after the BTC.TOP CEO Jiang Zhuoer, published his proposal to direct 12.5% of mining rewards to support the BCH infrastructure over the course of this year. Things got slightly heated in the community, it’s safe to say. 

In response, anonymous North American and European miners have announced the formation of an opposing mining group.

“We are a group of North American and European miners representing, at this point in time, 1.6 exahash/s,” said the anonymous group. “We will represent 2.5 exahash/s come May 2020 due to expansion amongst our companies.”

The group then came out to say that they will be launching a competing BCH pool. This is set to offer a voice to miners that don’t agree with the proposal, as well as donating 1% of their income to development teams.

The group is identified as a staunch bitcoin cash component since the early days. They also claim to have been big supporters of blocks for a very long time. The group went on to explain about their lack of engagement with the community on social media groups regarding bitcoin cash and how they must remain anonymous due to the fear of retaliation from the “four signatories of the proposal.”

“We want to preface this by saying that we are empathic with protocol developers lack of funding, we are not opposing paying developers for their work appropriately, and that it is imperative that this issue gets fixed long term.”

The group hasn’t responded to some of Zhuoer’s notes, but apparently it seems that they don’t have an issue with his non-debate theory, which basically asked other groups regarding mining to take a step back and just enjoy the scenery, so to speak.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!