Bitcoin Cash miners propose 12.5% share of block rewards to support ecosystem

Jiang Zhuoer, CEO of BTC.TOP, the largest mining pool on Bitcoin Cash, announced a proposal through a blog post that would redirect 12.5% of Bitcoin Cash Coinbase block rewards to a development fund. The fund is a Hong Kong corporation that has been set up to legally accept and disperse funds and would be provided funding for six months to support Bitcoin Cash infrastructure. The plan is to implement this proposal into Bitcoin Cash's May 2020 protocol upgrade. The fund would receive approximately 112.5 BCH per day and about 20,588 BCH over the six months. Based on the current prices of BCH, the fund would receive roughly $7.1 million in total. 


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