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Author Topic: [ANN] Litecoin - F2Pool 50.6% hashrate  (Read 751 times)
jacobmayes94 (OP)
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January 07, 2017, 03:57:07 AM
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As i discuss here:

http://betbybitcoin.com/warning-breaking-news-f2pool-reaches-50-6-litecoin-hashrate-51/

F2pool now has 50.6% Litecoin Hashrate. Anyone on multipools for scrypt please support the Litecoin network by mining at another pool!

Litecoin rightfully has it's place as silver to Bitcoins gold and i regularly transact with my Business clients in LTC as the fees are lower than BTC and it is likely LTC will scale for the lightning network. It is crucial therefore that we protect this currency. I am no longer mining on multipools now
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Sourgummies
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January 07, 2017, 04:18:08 AM
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As i discuss here:

http://betbybitcoin.com/warning-breaking-news-f2pool-reaches-50-6-litecoin-hashrate-51/

F2pool now has 50.6% Litecoin Hashrate. Anyone on multipools for scrypt please support the Litecoin network by mining at another pool!

Litecoin rightfully has it's place as silver to Bitcoins gold and i regularly transact with my Business clients in LTC as the fees are lower than BTC and it is likely LTC will scale for the lightning network. It is crucial therefore that we protect this currency. I am no longer mining on multipools now

That's scary. Is the pool not willing to cut back and drop some users. I remember this happened with btc but I forget with what pool and they stopped letting new miners join and dropped a bunch and told them to find another pool.
jacobmayes94 (OP)
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January 07, 2017, 05:17:15 AM
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I contacted f2pool, I have also planned to open a low latency pool as close to china as possible to give the miners in china another option.
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January 07, 2017, 05:42:25 AM
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So technically, this guys can for their own chain if they wanted and even not process legit transactions.

RENT ME!
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January 09, 2017, 12:57:12 AM
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"Litecoin rightfully has it's place as silver to Bitcoins gold"

Why is that?
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