Miner mysteriously took over BSV, is the network really safe?

An unknown mining pool has taken up most of the hash power on the Bitcoin SV network, creating a curious situation and questioning the security of the so-called "real Bitcoin". This situation makes people even more suspicious about the legitimacy of altcoin.

Unidentified BS Miner may cause an emergency fork

The entity that caused the sudden increase in mining power has not been determined, but the network takeover is getting stronger. Follow Coindance, the total unspecified hash energy used to mine BSV is 675 PH / s more than 9 days ago. However, in the past 24 hours, it has increased to 1535 PH / s.

Scenario to be p00rm30rY first tweet on Twitter:

“Breaking: BSV gets troll on-chain

Unknown miner Receive block rewards without recording any data come on

There is more hash power than your entire BSV nation!

I sniffed the emergency fork or a case litigation in Court

This is not the first time an anonymous entity has suddenly introduced hash power into BSV. The same phenomenon happened briefly in late January. Anyone behind this action is capable of rewriting the chain, thus threatening the existence of the entire platform.

Although it is very unlikely, honest miners may have suddenly taken over the controversial altcoin. BSV has rarely been profitable, and its price has been falling since a spike (and almost certainly being manipulated) in January.

BSV uses the same hash algorithm as BTC and BCH. Therefore, it is quite easy to switch mining rigs between platforms. For this reason, hash rates can increase and decrease relatively quickly.

The situation only added to the problem of BSV

BSV has received mixed reviews since it was created in late 2018. Few supporters of it are a store of honest value, as the operation of the exchange has shown many wash signs. trading and manipulation. The reputation of the coin is also related to the countless legal troubles surrounding founder Craig Wright.

Lots of evidence points to shady deals and a lack of interest from supporters. Earlier this year, analytics firm Coinmetrics revealed that almost none of the 700K daily transactions had real value. In addition, nearly all network activity is tied to a single weather application that continually records climate data on the blockchain.

It is worth noting that the controversial platform has a group of dedicated supporters. Like many other elements of the BSV ecosystem, the exact number cannot be determined. They quickly 'stoned' any criticism about the platform and emphasized that its development path is no different from any honest blockchain project. These individuals may soon change their minds knowing that their coins are at risk.

Thuy Trang

According to Bitcoinist

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Nguyen Diep

My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

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