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 ... The second largest public mining pool as of 2012, BTCC has been around just about as long as Bitcoin has. Operating as a “Bitcoin exchange,” the BTCC is arguably one of the largest and more ... History: F2pool is China’s oldest bitcoin mining pool, and the second largest BTC pool in the world today after BTC.com. It also operates the third largest ethereum mining operation. 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. F2Pool is one of the largest Chinese Bitcoin pool, launched in the year 2013. It is better known as Discus Fish mining pool in the world of Bitcoin mining. Apart from Bitcoin, Litecoin, Ethereum, and Zcash are mined here. The difficulty level in mining is based the hash power, as the site uses stratum mining protocol and vardiff.
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