All Questions
Tagged with majority-attack china
4 questions
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What are some potential scenarios that a state actor can harm bitcoin if they control more than 51% of the hashing power?
As reported recently, China controls more than 51% of the hashing power and just in one province in China controls 54%. Assuming China has bad intentions and forces all these mining operators to ...
- 11.1k
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Don't miners control who is allowed to make transactions?
Simple question really, considering theres a very small group of miners controlling the chain ATM.
Whats to stop them from being forced by the goverment to disallow certain transactions or just mining ...
- 319
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Is a 51% attack on bitcoin likely?
Given that the majority of bitcoin processing is done in China (source: https://bitcoinmagazine.com/articles/report-links-74-bitcoin-mining-china-sees-threat-network/), is it possible for a single ...
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Bitcoin is attacked by China miners by screwing with the network, what will Bitcoin do?
There was a report recently (https://arxiv.org/pdf/1810.02466.pdf) that stated that China controls 74% of the hashing power. They can choose to collude and attack the network by either doing a 51% ...
- 11.1k