Post
Topic
Board Bitcoin Technical Support
Re: [Jun 2021] Mempool empty! Use this opportunity to Consolidate your small inputs!
by
LoyceV
on 05/07/2021, 09:23:15 UTC
Looking at a chart showing the total network's hash rate is pretty scary.
I don't find it scary at all, it's good news all around. There's now far less of a concentration of miners in China.
~
Eventually, all those mining rigs will find their way out of China and get redeployed somewhere else.
Allow me to quote myself:
That worries me (a bit): More than 54% of bitcoin’s hashrate ~ has dropped off the network since its market peak in May. If someone were to collect all this hashing power, it would be enough for a 51% attack.



Fees are as low as they get now: 1 sat/vbyte. Use it Smiley