Anonymous Bitcoin SV Miners Capture 55% of the Network Hashrate

The Bitcoin SV network has been a topic of conversation recently as stealth miners currently command more than 55% of the chain’s overall hashrate during the last seven days. Last year analysts noticed a large amount of the hashrate on all three SHA256 networks (BTC, BCH, and BSV) was being processed by mystery miners. Since then both BTC and BCH only have a small percentage of stealth miners hashing away at each network. Meanwhile, BSV and the coin’s community of participants currently face a block reward reduction 16 days from now.

Also read: Crypto Mining Crunch Time – Bitcoin Halving Less Than 50 Days Away While Global Economy Shudders

Mystery Miners Control Over 58% of the Bitcoin SV Network

There’s a whole lot of secret mining happening on the BSV blockchain and no one’s quite sure where the hashrate stems from. At press time, the stealth miners hashing the BSV chain right now represent 55% of the overall hash during the last seven days and 58% of the hashrate today. Most bitcoiners understand that if a single entity controls more than 51% of the network then it’s possible to execute double spends and chain reorganizations.

Anonymous Bitcoin SV Miners Capture 55% of the BSV Network Hashrate

No one’s quite sure where all the hash is stemming from and whether or not it comes from multiple mining entities. What we do know is that since January 2019 and during the course of the year BTC, BSV, and BCH saw a bunch of mystery miners allocating a piece of the pie from the global hashrate. reported on BTC having around 22% of stealth hash on the network while BCH had 17% on January 28, 2019. More recently BCH had a brief period where more than 68% of the chain was stealth mined.

Anonymous Bitcoin SV Miners Capture 55% of the BSV Network Hashrate

However, that event did not last very long and BSV is stretching a whole week’s worth of being over the 51% threshold limit. What’s even more interesting is that both BTC and BCH have very little unknown hash processing the networks as BTC has a hair over 5% and BCH has between 2-5%.

To add to the large percentage of hashrate being stealth mined on BSV, the network faces a block reward reduction in 16 days. Just like BCH and BTC, every 210,000 blocks BSV miners see a reward reduction and BSV miner rewards will drop from 12.5 coins to 6.25 per block. At press time the miners processing the remainder of BSV’s hashrate include Taal, Coingeek, Viabtc, Prohashing, Mining-dutch, Mempool, Svpool, Sigmapool, and Poolin.

Anonymous Bitcoin SV Miners Capture 55% of the BSV Network Hashrate

Despite the Constant Controversy, Bitcoin SV Gained Over 178% in the Last Year

BSV has always been surrounded by controversy and known for its association with Craig Wright who claims to be Satoshi Nakamoto. Since forking, most of the chain’s transaction data has stemmed from a Twitter-like application called Twetch and a weather platform that records weather data. Coin Metrics reported last July that 96% of BSV transactions derived from the chain’s weather application. In the last 24 hours, the BSV chain has processed 599,851 transactions with an average block size around 1.795 MB.

Anonymous Bitcoin SV Miners Capture 55% of the BSV Network Hashrate

There’s 2.9 exahash per second hashing away at the BSV network and the BSV hashrate has been fluctuating between +3 and -3% every 24 hours this week. At the time of publication, BSV is behind BCH, capturing the sixth-largest market cap position and trading for $178 per coin.

Anonymous Bitcoin SV Miners Capture 55% of the BSV Network Hashrate
BSV price on March 24, 2020.

In the last 90 days, BSV has gained 107% against the U.S. dollar and 178% in the last 12 months. Furthermore, when competing against BTC during the last year, BSV has gained around 62% against the digital asset.

What do you think about the mystery miners hashing away at more than 51% of the BSV network hashrate? Let us know in the comments below.

Read disclaimer

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tags in this story
/r/Bitcoin, 2.9 exahash, 599K transactions, BCH, Bitcoin, bitcoin cash, Bitcoin SV, BSV, BSV Blockchain, BTC, chain reorganizations, Coin Metrics, CoinGeek, Craig Wright, Cryptocurrency, Double Spends, Global Hashrate, Hashrate, Mempool, Miners, mining, Mining-dutch, Mystery Miners, Poolin, Prohashing, Sigmapool, Stealth Hash, stealth mined, Svpool, Taal, technology, Twetch, Unknown Miners, Unknown Mining Pools, ViaBTC, Weather App

Image Credits: Shutterstock, Pixabay, Wiki Commons, Shutterstock, Pixabay, Wiki Commons, CC Images, Coin.Dance,, Coin Metrics.

You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Please enable JavaScript to view the

comments powered by Disqus.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,892 0.09 % 0.01 % 0.29 %
Ethereum1,878.8 0.19 % 0.52 % 5.81 %
Tether1.001 0.02 % 0.04 % 0.08 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB316.86 0.10 % 0.09 % 2.48 %
Cardano0.5613 0.09 % 2.24 % 4.44 %
XRP0.3786 0.67 % 1.38 % 0.23 %
Binance USD1.002 0.19 % 0.81 % 0.02 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.08683 1.57 % 14.17 % 23.67 %

Bitcoin (BTC) $ 23,888.00
Ethereum (ETH) $ 1,874.95
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 316.52
Cardano (ADA) $ 0.561356
XRP (XRP) $ 0.376194
Binance USD (BUSD) $ 1.00
Solana (SOL) $ 43.16
Dogecoin (DOGE) $ 0.086472