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Bitcoin Cash Pools Force 12.5% Mining Tax on Community
Summary: 12.5 percent of all block rewards will go towards a Hong Kong entity, say Bitcoin Cash CEOs. The funds will promote Bitcoin Cash development which miners say would be a better alternative than having independent corporate donors (Coin Telegraph). The funding will be activated this May, based on current price, the revenue would be approximately ...
12.5 percent of all block rewards will go towards a Hong Kong entity, say Bitcoin Cash CEOs. The funds will promote Bitcoin Cash development which miners say would be a better alternative than having independent corporate donors (Coin Telegraph).
The funding will be activated this May, based on current price, the revenue would be approximately $6 million; the majority of BCH's hashrate will be from miners. Miners who do not comply will go through orphaning blocks or have blocks removed from the chain, similar to a 51% attack. Many voiced their concerns that this process will bring centralization and believe there will be Chinese government interference.
By Claudia Rivera
Tags: Altcoin News,BCH,Bitmain,Mining,Roger Ver
Link: Bitcoin Cash Pools Force 12.5% Mining Tax on Community [Copy]
