An unknown miner controlled more than 50% of the Bitcoin Cash hash for 24 hours

An unknown miner controlled more than 50% of the Bitcoin Cash hash for 24 hours

One miner or group of miners controlled more than 50% of the Bitcoin Cash hash from 10 a.m. October 24 to 10 a.m. October 25.

Miner mined
more than 80 blocks per day, and how noted
Twitter user Notgrubles, precisely for this reason “BCH poses a threat to the security of value storage”, and suggested delisting the coin from the main trading floors.

Another user at Reddit said that controlling 50% of the network’s hash by one miner or group of miners is a direct way to take control of Bitcoin Cash and can enable them to do “disgusting things.” Another Reddit user, under the pseudonym Bitmeister, expressed the opinion that Bitcoin miners are experimenting with their excess hashing power by directing it to Bitcoin Cash.

In July, Vitalik Buterin proposed
use Bitcoin Cash to improve Ethereum scaling, and in September HTC Exodus was added to the blockchain smartphone HTC
Bitcoin Cash support. In addition, in early autumn, it became known that Bitcoin.com will launch
futures on BCH on its exchange.


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