Tuesday, June 26, 2018

What is the impact of Bitmain controlling 42%+ of the Bitcoin hashrate?

Colleagues, China-based Bitmain’s voracious appetite for Bitcoin mining is moving toward the critical 51% level. Comparable to controlling the majority of seats on a company’s Board of Directors or a similar percent ownership of a public firm’s stock, Bitmain could end up controlling the mining of Bitcoin worldwide. Enter protocol developer Matt Corallo and his “BetterHash” protocol proposal to decentralize Bitcoin mining.  The optimal CPUs are AMD Ryzen 7 1700X at 4.00GHz and Intel i7-7700K at 4.70GHz, while GPUs for BetterHash are NVIDIA GTX 1080 Ti and AMD RX Vega 64. Bottom line: Will the BetterHash protocol adoption prevent Bitmain from reaching the 51% threshold of Bitcoin mining? You make the call. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)  

No comments:

Post a Comment