No evidence of manipulations in BCH volatile hashrate, reports BitMEX – Bitcoin Cash News

BitMEX has released a research report concerning Bitcoin Cash's hashrate volatility. The coin is analyzed of showing an unusual ascend in its hashrate fluctuations. The report informs that the time gap between the blocks appears to be more volatile than bitcoin but maintains a regular pattern. The rising speculations regarding the involvement of bad players are cleared as BitMEX research catches no evidence of manipulations.

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Bitcoin Cash is experiencing immense volatility in its hashrate. With the unusual ascend making headlines, BitMEX issued a report analyzing the fluctuations.

The report states that the extraordinarily high level of volatility in the Bitcoin Cash hashrate elevated concerns about specific addresses that were ruling in terms of the percent of blocks won. BitMEX clarified the doubtful air speculating the moves of manipulators and reported, “We were unable to find any evidence of timestamp manipulation or other nefarious mining strategies. Perhaps the apparent cyclicality is caused by lags in automated systems designed to mine the most profitable coins or some other more benign factor.”

It was noted that the time interval between blocks appeared to be more erratic than Bitcoin, with higher peaks and lower dips. However, the graph shows a more regular pattern than random. The research mentions, “This volatility may have made the network marginally less reliable for payments in some periods, although it is not a major issue, in our view.”

Further, concluding the research, BitMEX suggested merged mining, adopting Bitcoin’s two week adjustment period and reducing block times” for the Bitcoin Cash ecosystem.

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Saloni Sheelwant
Saloni Sheelwant treasures to research and write about the new startups and technologies thriving at a very fast pace.

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