All Questions
Tagged with majority-attack decentralization
8 questions
4
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2
answers
1k
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Can the two biggest bitcoin mining pools lock out all others?
I just noticed that the two biggest bitcoin mining pools already have more than 52.5% of the hashing power (as of 11/12/23 Foundry USA had 27,7% and AntPool 24.88%) and am wondering about the ...
1
vote
1
answer
134
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Bitcoin Mining Pools Centralization
I read a couple of articles and watched some YouTube videos, but couldn't find a super convincing argument for why centralized mining pools are not a huge issue. I get that from a Game Theory ...
- 97
0
votes
2
answers
177
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What are the chances bitcoin big mining pools to unite and do 51% attack?
Looking at this bitcoin hash rate distribution chart (https://www.blockchain.com/en/pools), it only takes 3-4 mining pools to unite and do a 51% attack.
With this possibility, how can people still ...
- 247
-1
votes
1
answer
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Other people mining my coin without my permission, how to avoid this? [closed]
I have created an altcoin and i wanted to solo mine all coins myself. I disabled generate function in wallet, hidden the source code as private in github. I run one main node and i mine in my laptop.
...
- 221
0
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1
answer
138
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Are Bitcoin and Ethereum really de-centralized? Or is federated a better term?
By looking at the bitcoin and ethereum mining pool hashrate distribution I feel that only 5-10 relevant full nodes exist. So it's more like a federated system among those.
Am I seeing something wrong ...
- 129
0
votes
1
answer
356
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What concerns arise from the heavy miner concentration in China? [duplicate]
As per an Business Insider article last year, approximately 73% of the hash power comes from China. Over 50% just by the top 3. If coordinated, they could cause havoc. Is that a concern to anyone?
- 1
0
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1
answer
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Is Bitcoin still uncontrolled with all those mining pools?
It is always stated that Bitcoin is uncontrolled and it does not make sense to cheat and double-spend because you will need more computing power than everyone else combined. Isn't that changed with ...
- 1
10
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2
answers
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What is the Ripple equivalent of the "51% attack?"
In Bitcoin, if a participant gains control of more than 50% of the hash power, they can execute a double-spending attack. The "attack" could come from within, say if the existing powerful miners ...
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