An anonymous Bitcoin Cash miner took over more than 50% of the hash rate of the token for 24 hours.

The miner’s control was from 10 am on October 24 to 10 am the following day, as he mined 73 blocks. This shows that the ability to control 50% of BCH hash rate by the anonymous miner may mean that they can control the whole network and have the potential to carry out heinous things, as expressed by one Redditor.

The perspective of Redditor Bitmeister seems to be more compelling, as he said that there is a likelihood that BTC miners are into experimentation using their somewhat worthless BTC hashpower by directing it at BCH.

There was a 40% decline in the hash rate of the network of BTC at the end of September, which was record-setting. There have been no explanations for the swift decline and was more of surprise as the BTC’s network had established fresh all-time high hash rates all through the summer.

Some days ago, a report by Cointelegraph says that the hash rate of Bitcoin had surged to 102 quintillion hashes, making it a record-breaking milestone.

Nevertheless, the impact of a higher or lower hash rate is on the competition. A higher hash rate means that there is greater competition among miners towards the validation of new blocks.

Interestingly, the price of Bitcoin Cash surged today, following the sudden boost in the price of BTC yesterday. The altcoin markets also went green as BCH recorded over 15% on the day.

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