Are there any concerns about btc.com, the largest bitcoin mining pool after they reorged the bch blockchain?
Their owners showed that they don’t care about immutability at all, including doing a 51% attack to reverse the blockchain and they are the largest bitcoin mining pool. They also own the second largest bitcoin mining pool. Doesn’t this concern anyone?
An anonymous reader writes "Bitcoin transactions are confirmed by performing complex calculations, also known as 'mining.'If a single mining pool gains 51% of the overall computational power in the network, various forms of transaction manipulation become possible.Only a few years into Bitcoin's existence, this existential threat appears to be at hand, with Bitcoin mining pool ghash.io ... AntPool is the second largest pool for mining coins operated by Bitmain Technologies company. The last one is a leading Bitcoin hardware producer which has opened its mining facilities in China and now mines 11% of all blocks. Founded in 2014, it has been successfully operating for over 5 years maintaining over 2,000 servers for this purpose. Name Algorithm Hashrate Price Market Cap Nethash Graph (7d) 1: Bitcoin: SHA-256: 150.01 EH/s: $10650: 197B $ 2: Ethereum: Ethash: 238.66 TH/s: $353: 39.7B $ Examples of pool companies using third party power are BitFury and KnCMiner where they are working with the mining but utilizing different power source. The Largest Bitcoin Mining Pools. DiscusFish/F2Pool - popular as F2Pool - China based - 19.5% of all blocks. AntPool - China based - creator BitMain - 18.5% of all blocks. BitFury Pool ... F2Pool is one of the largest Chinese Bitcoin pool, launched in the year 2013. It is better known as Discus Fish mining pool in the world of Bitcoin mining. Apart from Bitcoin, Litecoin, Ethereum, and Zcash are mined here. The difficulty level in mining is based the hash power, as the site uses stratum mining protocol and vardiff.
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