Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin mining a problem of wasting energy? No
by
mk4
on 11/03/2020, 16:56:41 UTC
Bitcoin is already centralized, Bitmain just splits their over 51% dominance in multiple pools, so the clueless stay clueless.

So.. AntPool + BTC.com = 51%? Math checks out lmao.


4 players can control the Bitcoin network. That's why any changes in consensus, if they reduce the income of miners, are doomed to failure.

Bitcoin consumes most of the energy from mining all cryptocurrencies. Therefore, a dead end.

1. The 4 mining pools actually needs to coordinate the attack and mutually agree to everything.
2. The attack would work only assuming that the individual miners don't switch off their miners or switch mining pools to prevent the attack.
3. Because the pool owners clearly know that manipulating the chain is going to have a positive effect with the price right? ? ?