RATE Group | Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks
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Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

16 Nov Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

Posted at 17:54h in Cryptocurrency News by

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Bitcoin Cash (BCH) miners appear to have wasted money mining 14 blocks on the wrong chain after the altcoin underwent a hard fork. 

According to data from monitoring resource Fork Monitor on Nov. 15, Bitcoin Cash, which itself forked off from Bitcoin (BTC) in 2017, successfully split in two once again on Friday.

BitMEX: Miners are “wasting resources”

Despite being broadly cleaner than its previous hard fork attempts, it soon became apparent that a large section of miners had not upgraded to the new chain. 

In total, miners spent resources mining 14 empty blocks on a chain that the majority of the Bitcoin Cash network already considered invalid and rejected.

BitMEX Research, the analytics arm of trading platform BitMEX which owns Fork Monitor, commented during the hard fork:

“The original rules chain has no transactions (other than the coinbases) due to the transaction replay protection measure Non upgraded Bitcoin Cash miners appear to be wasting resources.” 

At press time,…

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