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Antpool currently stakes a It should be noted that if Bitmain ceased mining for BCH in order to go after BTC, its network hashrate share will only go up a few percentage points. This is due to the fact that Bitcoin is harder to mine than Bitcoin Cash. There are some worries that problems can arise if Bitmain gains a 51 percent share. One concern is that the number one cryptocurrency would lose decentralization.
Another troubling thought is that someone could hack into Bitmain and take control, thus throwing the entire Bitcoin network into chaos. Bitmain has a vested interest in keeping the Bitcoin network thriving and healthy. The company could also lower the price of their ASICs and sell them off to bump up the mining pools of competitors. The costs of mining bitcoins continue to rise as the difficulty in mining them increases. Let us know in the comments below. Leave a Reply Cancel reply You must be logged in to post a comment.
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