• Bitcoin mining consolidation security threat
    There's Bitcoin in them thar hills! (Photo: Marco Verch via Flickr, CC-BY-2.0)
    Bitcoin,  Technology

    Report: Mining pool consolidation threatens Bitcoin security

    New research from TokenAnalyst says 5 mining pools now control half of Bitcoin’s hashrate, making 51% attacks a growing concern

    February 4, 2020 /

    Five companies out of China control nearly half of Bitcoin’s computing power, according to a new report released Friday by blockchain analysis firm TokenAnalysis. As a result, Bitcoin’s “trustless network” continues to erode as mining power concentrates into the hands of a few.

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