Bitcoin SV – the hash rate is taken up by a mysterious group
An unknown mining pool has currently adopted the hash rate of Bitcoin SV. We still don’t know what the reasons are and what effects it will have.
Bitcoin SV – hash rate is adopted
As it became known, an unknown mining pool on the Bitcoin SV network took over the majority of the hash rate, which leads to a strange situation and raises natural questions about the security and doubts of the so-called real Bitcoin.
We don’t know who is behind this pool, but the network’s takeover continues to increase. Coindance data shows that hash power unknown more than nine days ago Was 675 PH / s and surged to 1535 PH / s in the past 24 hours.
This condition was for the first time by p00rm30rY tweeted.
😜 Break: 😜 $ BSV be ** dragged hard ** “chained”
Unknown miner collecting block rewards without recording weather data or paid tweets
Has more chopping power than your whole BSV country!
– p00rM3m0rY (@CourierBonded) March 23, 2020
This is not the first time this has happened at Bitcoin SV. The same thing happened briefly in late January. Whoever is currently behind has the possibility of rewriting the chain, which compromises the viability of the whole platform.
It is possible, but rather unlikely, that honest miners suddenly accepted BSV. Bitcoin SV is not too popular in the crypto world and the price increases are highly questionable, as they have almost certainly been manipulated.
Bitcoin SV uses the same Hastings algorithm as Bitcoin and Bitcoin Cash. This makes it easier to switch data mining devices to the new platform, which can cause the hash rate to increase and decrease relatively quickly.
Bitcoin SV has been very polarizing since its creation in 2018. As already written, many of the crypto community are rather against the project, almost no one sees it as a store of value. Numerous exchange activities have shown washing and handling operations. Reputation also suffers from the bad reputation of founder Craig Wright.
There is plenty of evidence of suspicious transactions, so an analyst announced earlier this year that virtually none of the 700,000 daily transactions had a real bet. In addition, all of the network’s activity was linked to a single weather application that repeatedly wrote climate data on the blockchain.
Bitcoin SV has a controversial core group that responds very harshly to criticism. The question is how long this group will be behind the project or whether people will not turn away soon.