18.1 C
Amsterdam
6 July 2022
PumpMoonshot
Image default
Ethereum

Hashpower Consolidation on Network Is ‘Not 51% Attack’



Ethereum Classic (ETC) developers have stated that a mining pool evidently claiming over 50 percent of the network’s hashrate was “most likely selfish mining” in a tweet today, Jan. 7.

ETC devs also explicitly stated in the same tweet that the previously noted hashrate consolidation is not a 51 percent attack, and that double spends were not detected.

The tweet revealed a potential cause for “the recent mining events,” attributing the increased hashrate to the testing of new 1,400/Mh ethash machines by application-specific integrated circuit (ASIC) manufacturer Linzhi.

Cointelegraph will update this article as further updates appear.



Related posts

Ethereum price hits a $1,500 all-time high as ETH options and DeFi heat up

PumpMoonshot

SushiSwap Moved Up Its Massive Liquidity Withdrawal From Uniswap to This Weekend

PumpMoonshot

Micro Ether Futures Start Trading on CME

PumpMoonshot