Post
Topic
Board Bitcoin Discussion
Re: Concern? over 50% of miners controlled by two pools
by
zimmah
on 24/12/2013, 15:04:26 UTC
Should we be concerned that over 50% of the mining power is controlled by two pools? https://blockchain.info/pools

This seems like a really bad concentration of power for a network that is supposed to be decentralized.  Sure, it's handy when you need to fix a bug in the system, but it's also a weak point that can be exploited.  Thoughts?

Well if you are that concerned start your own pool that offers paying transaction fees, mines Altcoins and has low pool fees.

No one will mine in a pool that pays less....