Tuesday, April 30, 2019

‘Satoshi Nakamoto’ is Mining Over 40% of Bitcoin Cash, Sparking Fears of 51% Attack

By CCN.com: According to blockchain data and CCN/Hacked reporter Greg Thomson, an anonymous miner who embeds the words “Satoshi Nakamoto” into all of the blocks they mine currently controls more than 40% of Bitcoin Cash’s hashrate. Satoshi Nakamoto is killing it in Bitcoin Cash mining There are multiple running theories as to the intent behind amassing so much hashpower, beyond the pure profit motive of mining Bitcoin Cash. Mining Bitcoin Cash is generally a profitable endeavor, despite reduced transaction fees that are accrued on the more spacious chain. There is less competition, which means miners with significant investment earn more

The post ‘Satoshi Nakamoto’ is Mining Over 40% of Bitcoin Cash, Sparking Fears of 51% Attack appeared first on CCN



source https://www.ccn.com/satoshi-nakamoto-is-mining-over-40-of-bitcoin-cash-sparking-fears-of-51-attack

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