Bitcoin Unlimited shot upwardly over 17 pct inwards 24 hours upon novel revelations hounding anti-SegWit mining theatre Bitmain.
Bitcoin entrepreneur Tuur Demeester highlighted the correlation inwards a postal service on Wednesday, equally it emerged Bitmain’s hardware contained a “backdoor” allowing the remote shutdown of user products at will.
Demeester added the price uptick was due to a “higher likelihood of a chain split.”
The latest furor broke out subsequently the emergence of a dedicated website, Antbleed, detailing the regain as well as implications of the characteristic inwards Bitmain’s Antminers.
“At worst, this firmware backdoor allows Bitmain to close off a large department of the global hashrate (estimated to travel at upwardly to 70% of all mining equipment),” site content states.
“...Even without Bitmain beingness malicious, the API is unauthenticated as well as would permit whatever MITM, DNS or domain hijack to shutdown Antminers globally.”
Pro-Bitcoin Core commentators such equally onetime BTCC COO Samson Mow were quick to response to the news, which is the mo to ask Bitmain inwards recent weeks.
Earlier inwards April, approximately other system was unearthed which allowed the fellowship to exploit a loophole inwards Bitcoin’s code to economize on mining costs, something it stated had never occurred exterior the testnet.
"The Bitcoin Unlimited token, meanwhile, had been on a downward slide since its debut equally a futures trading duo on several exchanges inwards March."
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