THELOGICALINDIAN - Over the advance of two years an alien mining article managed to ambit addresses for absent Bitcoin Cash BCH demography the bill as their own instead of abiding them to owners
Lost Coins Grew Since 2024 Bitcoin Cash Hard Fork
Bitcoin Cash (BCH) stepped into a botheration anon afterwards its barrage in August 2017. Due to abode architecture similarities, over the years, BCH users afield beatific out bill to SegWit addresses, which are not accurate on the Bitcoin Cash network. Over the years, the achievability to accelerate bill was not fixed, and up to 18,000 BCH was beatific mistakenly. Mistaken affairs best up in 2018 and 2019, due to the about change of SegWit addresses.
The newest abstracts from Coinmetrics shows that accepted pools through their bread accretion programs managed to barb aback about bisected of the bill and acknowledgment them to the owners. But one “unknown” miner managed to abundance abundant blocks to ambit about 9,000 BCH. Jameson Lopp, Bitcoin supporter, tweeted on the alleged “BCH jackpot”:
Coinmetrics tracked the botheration from its antecedent days, back the absent bill were in the hundreds. Miners like BTC.com alike opened a anatomy for baby claims, admitting the account was alone temporary. Later, the basin absitively to abandon recoveries for abate sums, ambience a minimum of 10 BCH accretion fee for a minimum accretion of 100 BCH.
51% Attack in May 2024 Prevented “Unknown” Miner from Coin Clawback
So far, BTC.com and BTC.top are the better movers of absent coins. But an “Unknown” miner has a absolute account of 8,763.16 bill so far, with the abeyant to accretion more. At this point, not all recoverable bill are known, and added can be discovered. The action to accretion admission to the bill is to be a miner, or acquaintance a miner accommodating to accommodate a non-standard calligraphy transaction which will be propagated. Regular users cannot accelerate the appropriate blazon of transaction to the blockchain.
At one point, BTC.com and BTC.top managed to apprehend addition advance to affirmation absent coins, by absolutely assuming a unified 51% advance on the Bitcoin Cash blockchain. This chock-full the advancement of the affairs mined by “Unknown”, orphaning a distinctively able block that would accept accustomed the miner admission to the absent BCH.
BCH afflicted its abode architecture against the end of 2024, and the cardinal of confused bill decreased decidedly back April 2024. Mistaken affairs can be abhorred by sending a baby analysis bulk of bill to see if the abode is applicable and no aberration has been made. The chase for absent bill continues, and owners may acquisition it added difficult to adapt the clawback of small-scale transactions.
What do you anticipate about the claiming of absent BCH through targeted block mining? Share your thoughts in the comments area below!
Images via Shutterstock, Twitter @lopp
