Bitmain Heading Towards 51% Control Over BTC Mining

Never Stop Mining...
User avatar
GameOfCoins
Posts: 314
Joined: Sat Apr 07, 2018 7:17 am

Bitmain Heading Towards 51% Control Over BTC Mining

Mon Jun 25, 2018 8:33 am

Chinese crypto mining giant, Bitmain, has mined over 42% of all Bitcoin blocks recently giving rise to fears that the company could soon have control over the 51% threshold necessary for a network attack.

Bitmain, the world’s largest producer of ASIC chips and mining rigs, is raising a few hairs right now in the crypto community following the company’s rising dominance in Bitcoin mining. Combining the total market share of two major BTC mining pools that Bitmain currently owns, Antpool and BTC.com, we can see that the company is not far off achieving 51% control of the entire network.

Read more: https://cryptovest.com/news/bitmain-hea ... tc-mining/

Return to “Mining”