DASH Crypto Coin Network sees NiceHash Wallet Control over 51% of its frequency hash mining

[ad_2][ad_1]
DASH Crypto Coin Network sees NiceHash Wallet Control over 51% of its frequency hash mining

According to a Reddit user, the NiceHash cryptocurrency extraction company controls most of the hash power of Dash's blockchain network. Apparently, NiceHash seems to have more than 1,000 TH / s when the dash Network has 1,790 TH per second.

The Reddit user explains that he started investigating other blockchain networks after the attack experienced by Ethereum Classic (ETC). He said that NiceHash controls over 70% of the Dash hash rate.

In general, Nicehash tends to control 10% to 20% of the Proof of Work (PoW) nethash currencies. Furthermore, this does not apply to large coins, but usually to smaller ones.

He went on to explain that there are four unknown addresses that collect all the unknown hashrates. In addition, he linked three of these addresses explaining that these three alone collect 53% of the total network hash rate. Moreover, the fourth address that does not seem to be related to these other three could potentially be related to them since it started to collect an important percentage of the hash Rate it at the same time as others.

The addresses cited by the Redditor are as follows:

About the miners ASIC commented:

"What can we conclude from this? ASICs are cancer, at least for all the smaller BTC coins, they do not protect all the networks as we can see here Nicehash is a cancer, someone could actually hire enough hash energy for DASH to run the 51%. "

Some users were worried that the 51% attacks would eventually reach the top 10 cryptocurrencies since hackers targeted the sub-10 cryptocurrencies, including Ethereum Classic or Bitcoin Gold (BTG) a few months ago.

Dash is currently working on a new feature that would allow the network to be more secure and protected against attacks by 51%. The dash The development team has announced that it is working on a new feature called Chainlock, which will help manage block reorganizations.

There was an investor who decided to put the funds in the mining industry dash with ASIC. This would give the investor the power to control the network.

Dash is currently the 15th largest digital asset in cryptographic space. Each DASH can be purchased for $ 76 and has a market capitalization of $ 652 million.

[ad_2]Source link