The Bitcoin SV Community goes by the detrimental effects of a miner with a majority of hash vitality producing empty blocks on the community.

In an Oct. 16 announcement, the Bitcoin Association stated that it was going by points from a majority miner on the Bitcoin SV community.

The miner is stated to be intentionally obfuscating his coinbase string with a repeatedly changing string but has been acknowledged by a pockets tackle the attach the coinbase rewards are incessantly despatched.

“Alongside attempting to be anonymous whereas mining a global public ledger, now we catch got seen a pattern of malicious job from this miner that has elevated week after week,” stated the Bitcoin Association.

Moreover, the miner has been progressively rising his presence on-chain that has posed a local for diversified appropriate miners on the community. These actions catch also resulted in some transactions no longer being incorporated in blocks produced, ensuing in a peril the attach transaction memory swimming pools are being stuffed with hundreds of thousands of transactions.

The inducement to mine an empty block may maybe maybe maybe maybe arrive from the indisputable truth that the block subsidy bought from doing so is enough of a monetary reward, whereas the rate earned from validating hundreds of thousands of transactions is marginal.

Based totally on the peril, the Bitcoin Association stated it is taking steps to contact all linked exchanges and miners to freeze all rewards linked to the malicious miner. It also plans to pursue prison costs in opposition to the miner in query.

Bitcoin SV is a fork of the Bitcoin Money protocol, which in itself is a fork of the Bitcoin blockchain aimed at fixing Bitcoin’s scalability points. Bitcoin SV builders specialise in that alternatives love the Lightning Community proceed in opposition to the ethos of Bitcoin and the correct technique to scale the blockchain is by rising block size.