Hacker News new | ask | show | jobs
by futuretaint 1949 days ago
I've read that most mining pools are consolidating now, and if they control a majority of computing power it leaves Bitcoin vulnerable to attack. Or what about the hard fork ? My skepticism is not w/ the tech (which is great) its with Bitcoin adoption by non-tech people who have no protection via regulation.
1 comments

Yes, mining pools are aggregating. None are at 51%. But, the risk is bad actors, not the mining pools. Hypothetically, if a mining pool had 51% hash rate, why in the world would they tank the price of the asset their entire business is based on - They would lose hundreds of millions, if not Billions of value.