BCH fork plans
Posted: Thu Nov 12, 2020 12:21 pm
As previously announced, Prohashing will mine and allow customers to earn both forks after Bitcoin Cash splits. The split is expected to occur on Sunday, November 15. Steven is preparing the servers now by installing the new BCHN daemon. Once the fork happens, we will immediately mine both chains.
Here's how payouts will work:
Here's how payouts will work:
- Customers who have a Bitcoin Cash balance will see a duplicate balance in the other coin once the fork occurs. The existing name "Bitcoin Cash" may be removed and both forks will likely have different names.
- All BCH wallet addresses will be cleared. You'll need to enter a new wallet address for both forks.
- Payouts (in both BCH forks only) will be suspended until we find at least one block in either fork, and then 100 other blocks are found by someone after that. We will then use the new block to add replay protection to our wallet, allow a few confirmations for the replay prevention transaction, and re-enable payouts. Overall, this process will likely take 1 to 1.5 days.