New Bitcoin Cash Milestone Attained: BMG BCH Miners Successfully Mine Multiple 32MB Blocks

2018-11-11 21:47

Today marks a new milestone for Bitcoin Cash [BCH] supporters, as BCH miners have supposedly processed 32 MB block size. This is big news considering the fact that approximately 1.3 million transactions have been validated over a time span of 24 hours. With news of the BCH fork soon approaching and the commotion it has caused, this is definitely something to celebrate over.

According to a report provided by News.Bitcoin.com, the achievement was not as perfect as it could get, pointing out that some BCH nodes, particularly from 4 different implementations temporarily dropped off of the network, with the majority belonging to Bitcoin Unlimited (BU) hosts.

An interesting tweet has surfaced regarding nChain (BMG Pool) miners’ ability to process 32MB blocks multiple times. Here’s what a Twitter user had to say:

@JihanWu Apparently BMG rented some hashrate to mine those five 32MB blocks today on the Bitcoin Cash network. Be careful! You gotta have more hash than them on Nov. 15th or they could win and 51% attack the BCH ABC chain! pic.twitter.com/LcLJC9TUPt

— Darknicks (@Darknicks) November 10, 2018

This tweet above seems to match with the claims that “4 of last 100 blocks have an unexpected version,” that is, the BMG Pool has been using a different software than that of the Bitcoin SV.

As per Cashnodes.io, a platform dedicated to showing analytics, BU node versions, 1.3.0.1 and 1.4 dropped while BU Node version, 1.5 ran smoothly. To make sense of this, a Reddit user, as per News.Bitcoin.com, reported that the 1.5 BU version and Electron X node, “showed increased CPU usage during the transactions.” During this milestone, hashing rate of BCH supposedly saw an increase, which was first discovered on Fork.lol.

It looks like the 32 MB block wasn’t confirmed once, but altogether five times by the BMG Pool. In particular, the BMG Pool heights 556034, 556049, 556048, 556047 and 556045 each confirmed 32 MB blocks, which are supposedly equivalent to 166,882 transactions each.

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