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 person Notgrubles responded that that is the rationale why “BCH is a security risk and a liability,” whereas asking to de-list the coin.
By controlling 50% of BCH hash price, the unknown miner, or probably miners, are usually not far off from controlling the complete community and the power to do “nefarious things” as one Redditor eloquently stated.
Redditor Bitmeister had maybe essentially the most fascinating view on this latest occasion, by saying that it’s seemingly 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 dipped 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 handed 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 performing a 51% assault, making the community safer.
Bitcoin Cash makes large features right this moment
In sync with Bitcoin’s sudden worth increase yesterday, altcoin markets additionally entered the inexperienced zone, with BCH recording an enormous acquire of greater than 15% on the day as of press time.
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