An unknown Bitcoin Cash (BCH) miner was apparently in command of greater than 50% of the token’s hash price for 24 hours.
The miner appeared to mine 73 blocks from 10 am Oct. 24 to 10 am Oct. 25, to which Twitter soul Notgrubles responded that that is the principle why “BCH is a security risk and a liability,” whereas asking to de-list the coin.
By dominant 50% of BCH hash price, the unknown miner, or probably miners, are normally shortly off from dominant the complete community and the power to do “nefarious things” as one Redditor eloquently stated.
Redditor Bitmeister had perchance basically the most fascinating view on this latest occasion, by locution that it’s apparently that Bitcoin (BTC) miners are experimenting with their in any other case ineffective BTC hashpower by pointing it at BCH.
Mysterious flash crash of BTC hash price
At the top of September Bitcoin’s community hash price unfit a document 40%. The flash drop remained unexplained and was all of the extra placing given the Bitcoin community’s record-breaking string of recent all-time excessive hash charges all through the summer time.
Just days earlier than, Cointelegraph had reported that Bitcoin’s hash price had bimanual a document 102 quintillion hashes in a historic milestone.
The next hash price means higher competitors amongst miners to validate new blocks. It additionally will increase the variety of assets wanted for performin a 51% assault, making the community safer.
Bitcoin Cash makes large features right this moment
In sync with Bitcoin’s explosive worth increase yesterday, altcoin markets additionally entered the fledgling zone, with BCH transcription an large acquire of greater than 15% on the day as of press time.