Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Trolfi
on 19/01/2015, 23:31:31 UTC
The real problem is the inevitable centralization of mining. Year after year, the number of active mining pools go up.

Today's hashrate distribution:  F2Pool 20% + AntPool 12% + GHash.IO 10% = 42% of the network. Unknown miners: 30%.

It only would take for a fraction of those "unknown" miners to collude with the three leading pools (assuming they are indeed separate entities) in order to attack the blockchain.

Very concerned about the long-term viability of this experiment.

Very concerned.