Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners - by Jamie Redman

[nandibear]

Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners
news.bitcoin.com
by Jamie Redman
December 30th, 2019

Excerpt:

2019 was known for the growing trend of stealth miners mining on the BTC and BCH network. On Dec. 30, data shows that 68% of the Bitcoin Cash network’s hashrate is being mined by mystery miners. As the year comes to an end, the large number of unknown BCH hashrate has attracted scrutiny.

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On Monday, a post on the Reddit forum r/btc explained that “untrusted hash is at nearly 70%.” The r/btc thread detailed that on Dec. 30, statistics indicate that roughly 68% of the overall BCH hashrate is being processed by miners not willing to disclose their identity. When a known mining pool finds a block, in the coinbase there’s usually a message which identifies who mined the block. However, in 2019 both SHA-256 networks BTC and BCH saw a significant increase in mystery miners processing the chains. In January, two research reports noticed the increasing trend of unknown miners as Coin Metrics and Diar both published findings on the subject. At the time, Diar’s report said that unknown miners could be “concerning” and just because the miner does not disclose its identity, it doesn’t mean the hash is not from a known pool. Coin Metrics wrote that the analytics firm also noticed a resurgence of mystery miners during the start of 2019.

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Read entire article: https://news.bitcoin.com/debate-ensues-after-68-of-bch-hashrate-mined-by-stealth-miners/

About the author: https://news.bitcoin.com/author/jamieredman/