Post
Topic
Board Beginners & Help
Re: Bitcoin naming & who has the power... some newbie questions
by
Hoho29
on 28/07/2017, 15:41:18 UTC
Yes, what if someone controls 50% of the mining ?

Now some miners have ~10% I think.

You can see a rough picture of the situation here https://blockchain.info/pools

Pool know that having over 50% constitutes a risk for the community.
They don't want to devalue the coin themselves, as it is their revenue. Going above 50% is discouraged.
So that means mining for newcomers is not advise in bitcoin because of the institution who control 50 % of power .
kindly advise . thxs