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Author Topic: Bitcoin Cash hard fork BCHA faces 51% attack  (Read 3151 times)

Offline sneakyboi

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Bitcoin Cash hard fork BCHA faces 51% attack
« on: November 28, 2020, 04:40:49 PM »
Bitcoin Cash hard fork BCHA faces 51% attack

The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence.

The anonymous miner, known as voluntarism.dev has changed the Coinbase rule so that all miners need to send 100% (instead of 8%) of the block rewards to the IFP address.

This is a soft fork and these blocks are considered valid by other miners since the ABC rule is that at least 8% needs to be donated but voluntarism.dev will orphan any block by miners running pure ABC (not sending 100%).

The notion seems to be that the ‘miner tax’ imposed here is unfair, and if BCHA wants to take 8% of the reward from the miners, why not just take it all entirely? Miners would essentially be forced into going bankrupt or to stop mining BCHA.

Learn more about the news here.
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Bitcoin Cash hard fork BCHA faces 51% attack
« on: November 28, 2020, 04:40:49 PM »

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Offline Zed0X

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Re: Bitcoin Cash hard fork BCHA faces 51% attack
« Reply #1 on: December 01, 2020, 12:42:39 PM »
 ;D The attack was kind of expected as many BCH miners really hated the idea that BCHA developers could impose a tax on them. Nobody else, apart from their close group, will support them. They might as well raise a private fund raising if they wish to continue with this new coin.

Offline ShadowCrypto

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Re: Bitcoin Cash hard fork BCHA faces 51% attack
« Reply #2 on: December 04, 2020, 04:00:26 AM »
I still cannot understand the purpose of BCHA. No service I know of supports it, and there are no major individuals or corporations supporting the network, sure the only reason BCHA is above $10 is because many have not split their coins
I'm sure if everyone had easy access to split and sell BCHA it would be a $1 or $2 coin at best lol

 

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