Bitcoin Cash Attack Imminent? Unknown Miner Controls 70% of BCH Hashrate

Unidentified miners currently control nearly 70% of the Bitcoin Cash hashrate. Is a 51% attack currently being primed on BCH?

  • Unknown miners currently account for 69.44% of the Bitcoin Cash hashrate.
  • Established mining pools have disappeared completely. Others had their network influence cut in half.
  • The same issue arose in April, when an unknown miner named Satoshi Nakamoto came close to controlling a majority of the BCH mining power.

The Bitcoin Cash (BCH) network could be on the verge of a malicious attack after an unidentified mining pool assumed control of 70% of the blockchain’s hashrate.

Bitcoin Cash

That’s according to data from Coin Dance, which shows 69.44% of the BCH hashrate under control of mining pools categorized as ‘other’.

Unknown Miner Assumes Control of Bitcoin Cash

The unknown miner(s) rapidly squashed competition from established mining pools such as BTC.top and Antpool. All of BTC.top’s hashrate has disappeared since last week, when it accounted for nearly 15% of the total. Antpool’s contribution to mining was almost cut in half.

A concerned Bitcoin Cash supporter brought the sudden mining influx to the attention of the BCH reddit. With no clear information coming out of Bitcoin Cash circles at this time, historic occurrences may shed some light on the matter. ccn.com

Bitcoin Cash Attack Imminent? Unknown Miner Controls 70% of BCH Hashrate
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