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If Antpool, BTC.top, F2Pool, and Bixin conspire, they control 51% of the mining power. There is the oligarchy aka centralization.
by qznc 9y ago
If Antpool, BTC.top, F2Pool, and Bixin conspire, they control 51% of the mining power. There is the oligarchy aka centralization.
- lawn 9y agoThat's the four biggest pools (to get a consistent > 50% it might not even be enough) who need to collude. That's not very centralized. Of course the situation could be better, but it's still in a good place imo. It's better than it has been historically for example when a single pool (GHash.IO) approached 50% by itself.
- sktrdie 9y agoThe whole point is that the miners within the pool can change to other pools if they want to!
- Obi_Juan_Kenobi 9y agoPools are not miners. Pools can only make decisions that the miners will tolerate, and historically miners have recognized the dangers even of pool centralization. There is very little friction to changing pools.