Bitcoin Cash: 21 blocks extracted in 1 hr

In recent days, the Bitcoin Cash (BCH) blockchain has been in the sights because a Twitter user has pointed out that 50% of the hashrate belongs to an unknown miner who has mined 21 blocks in 1 hour. 1/ After looking deeper into this issue, there is *enormous cause for concern* as the entity in

In current days, the Bitcoin Cash (BCH) blockchain has actually remained in the views since a Twitter customer has actually explained that 50% of the hashrate comes from an unidentified miner that has actually extracted 21 obstructs in 1 hr.

The address of the miner would certainly be this as well as it appears that the deals that bring the Coinbase tag are those that offer the incentive for the extracted blocks.

One of the feasible descriptions for this sort of sensation is the formula utilized by Bitcoin Cash, thinking about that the blockchain has a much reduced hashrate than that of Bitcoin. This permits the miners to make use of an approach where they can switch off their makers and after that, once they locate a block, transform them on once more right away after, influencing the problem of the formula that, as is understood, is readjusted according to the power of the network.

In the eyes of the much less skilled, this might look like a genuine assault, as blocks are generally extracted every 10 mins.

In any kind of situation, this appears to be among the concerns that will certainly be talked about at a future conference with the programmers of Bitcoin Cash, so after that there will certainly be an upgrade in November.

Roger Ver, gotten in touch with by Cryptonomist, discussed what occurred:

” Just extra “phony information” to strike Bitcoin Cash. Some miners were pc gaming the BCH trouble formula to make even more cash. The hash price is jumping in between BTC as well as BCH however it is a lot more recognizable on BCH since it has much less hash price total as well as various problem modification formula”.

Recently Bitcoin Cash has actually been noted on Binance’s DEX, making it as a matter of fact open for exchange in a decentralised means. Stefan Rust himself, the just recently designated CEO of, was really favorable regarding the future of the BCH blockchain, as kept in mind in a current meeting



The information contained in this post is for general information purposes only. This is a guest post and is copyrighted to it's author. NiceAsicMiner publishes this article only for the purpose of providing more information. If there is any problem, please contact us and we will perform an immediate investigation and remove the post from our site.

Leave a Reply