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 ... F2Pool: F2Pool is the second largest Bitcoin mining pool, with around 25% of the network hash rate. Its user interface is in Chinese, making it difficult for English speakers to join. BW Pool: BW Pool controls around 7% of the network hash rate. Like F2Pool, its user interface is in Chinese, making it difficult for English speakers to join. According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks. The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool. Bitfury, the company, makes its own mining hardware and runs its own pool. So, unlike Slush or Antpool, Bitfury cannot be joined if ... SlushPool. Pros: Established medium+ pool, score-based method reduces risk of cheating, user-friendly dashboard Cons: 2% fee may be too much for some people Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), it’s based in the Czech Republic and ... 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.
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