Bitmain has around 90% market share in bitcoin mining machines.
Bitmain controls Antpool wich produce roughly 26% of the world's hashrate.
Bitmain is known for having released a backdoor (Antbleed) and had other suspicious practices in the past.
What prevent them from using or disabling their hardware on competitor's rig to produce a 51% attack?
Not even a backdoor, but for example, a planned and precise obsolescence that would kill a shit load of machines on a defined date leaving Bitmain's free to take over or even kill the network if they are required to.
No FUD intent here. I'm a bitcoin maxi more than I ever been. But, this is the kind of questions I need to iron out from time to time.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments