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Author Topic: Smaller Pools Are Diversifying the Bitcoin Mining Industry  (Read 256 times)
Slim2017 (OP)
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December 20, 2016, 11:52:10 PM
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Bitcoin mining has become an advanced competitive market alongside securing the network. Over the years the mining sector has changed significantly from home operations, mining pools, and large data facilities churning out blocks. While observing mining pools over the years, there’s been a few times where skeptics have believed mining was quite centralized. However, more recently mining pool distribution has divided significantly with the mining industry taking new form once again.

https://news.bitcoin.com/pools-diversifying-bitcoin-mining/
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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franky1
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December 21, 2016, 12:22:04 AM
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it also must be noted that the pools termed "chinese"
are less chinese then people think

antpool has alot of hashpower in mongolia. so does BW
even f2pool has hashpower in other places.

as for their stratum servers. the big pools have several stratums across the world and management teams in many countries.
you will be shocked at how racist people sound when they blindly deem the majority as simply "chinese". its almost like they think there are only 2 countries on the planet. america and china.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 21, 2016, 12:37:59 AM
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...

There are also more players showing up and winning blocks.

I remember a few years ago G-Hash.io was winning approximately 50% of the blocks, many were worried about that.  Now it is four Chinese pools among them that have a little over 50% of the hash-rate.  And lots of smaller players:

https://blockchain.info/pools

shawnp0wers.  Ol' Shawn has about 1%, smile.
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