Post
Topic
Board Bitcoin Discussion
If the Chinese government takes over bitcoin mines
by
MiddleFingerToTheMan
on 21/09/2017, 19:20:43 UTC
So lets say that the Chinese government declares mining illegal & takes over the mines (likely to happen). Seeing that the vast majority of mining takes place in China, couldn't the government hypothetically reach over 51% of the bitcoin hashing power and basically centralize global bitcoin?
What cryptos, if any, are immune to this "51% attack" ? Is it even an issue? I'm not that well informed on the details of this subject so excuse my ignorance.