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Bitcoin Cash: a miner reaches almost 50% of hashrate
Bitcoin Cash: a miner reaches almost 50% of hashrate
Mining

Bitcoin Cash: a miner reaches almost 50% of hashrate

By Alfredo de Candia - 29 Apr 2019

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Recently there has been an incredible increase in the hashrate held by an unknown miner who first reached a 37% hashrate of Bitcoin Cash (BCH) blocks, and subsequently reached 44% in the last 24 hours. Interestingly, all these blocks were signed with the name Satoshi Nakamoto, creator of Bitcoin.

Meanwhile, the BSV hashrate has dropped from 1.5 Petahash in December 2018 to nearly 600 Terahash today, while the Bitcoin Cash hashrate has increased from 1 Petahash in December to over 2.4 Petahash.

In addition, some suggest that the next upgrade, which will take place on May 15th and will involve the addition of the Schnorr signature, could somehow be related to this miner, although it is not excluded that the increase in hashrate also depends on the fact that Bitcoin Cash is more profitable, about 1.5%, compared to Bitcoin (BTC). In this case, therefore, it would be only a move purely aimed at profit.

For the moment it is difficult to give an exhaustive explanation to this increase in hashrate of Bitcoin Cash and one can only make speculative assumptions about it, not least because the signature of Satoshi Nakamoto in plain sight does not go unnoticed and could be intended as a move to draw attention.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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