A mysterious entity has suddenly begun mining significant volumes of Bitcoin Cash (BCHABC), leading to a wave of suspicion through the network.
Going by the name of Satoshi Nakamoto, after the pseudonym used by Bitcoin’s creator, the miner has grown to control close to 40% of the overall hash rate of BCHABC, according to Coin.Dance data.
The unknown miner first appeared around one week ago, and has already grown to account for a substantial share of the overall mining pool. This has led to the finger of suspicion being pointed at Bitcoin SV proponents, specifically nChain Chief Scientist Dr. Craig Wright and Calvin Ayre, as well as the suggestion that the CoinGeek mining pool is somehow involved. Ayre, however, has confirmed that neither he nor Wright—the real Satoshi Nakamoto—is involved in this shenanigan.
nobody working on real #Bitcoin #BSV even has time to think about the dogs breakfast Alphabet soup has forked to…this is not me and I don't believe Craigs pool has that much hash. But this is funny in its stupidity.https://t.co/2ayvWhKcaG
— Calvin Ayre (@CalvinAyre) April 30, 2019
Posing as Satoshi Nakamoto to mine BCHABC is among the growing number of attempts to discredit Dr. Craig Wright as he continues his pursuit of justice against those who seek to deny his claim to being the individual behind the pseudonym. Dr. Wright has proven beyond a doubt to ownership of CoinGeek that he was the main architect of Bitcoin, and that it was he who conceived and used the pseudonymous name of Satoshi Nakamoto.
In late 2018, some group took it upon themselves to create a Craig S Wright coin—clearly another attack on Dr. Wright by the Ethereum crowd. It’s worth noting that Vitalik Buterin, co-founder of Ethereum, is already facing libel charges following his defamatory comments against Dr. Wright. Buterin has made several statements in the past, in which he called Wright a fraud and questioned why the industry allowed him to speak at conferences.
It’s evident that the attacks against Dr. Wright are primarily intended to trash the Bitcoin Satoshi Vision (BSV) protocol that the nChain chief scientist supports. Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies.
If you want to learn more about the future of cryptocurrency with no limits, join the upcoming CoinGeek Conference in Toronto on May 29-30. Expect lively debates among crypto advocates in a troll-free environment that will focus on the technology and innovation.
New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.