Leo Wandersleb on Nostr: How centralized is Bitcoin mining regarding the providers of the hardware? Do people ...
How centralized is Bitcoin mining regarding the providers of the hardware? Do people care when buying hardware?
People speculate a lot about how much money it would take to arm a 51% attack but rarely do I see people worry about that money coming from trusting customers.
The currently biggest producer of Bitcoin mining hardware - BitMain - set precedence for a kill switch https://bitcointalk.org/index.php?topic=1888573.0 that if present could be used to "incentivize" miners to follow their policy decisions - honor blacklists for example.
How well are we protected against miners activating such a kill switch after some specific activation date? I assume they are closed source, so it would be hard to detect before a triggering date.
People speculate a lot about how much money it would take to arm a 51% attack but rarely do I see people worry about that money coming from trusting customers.
The currently biggest producer of Bitcoin mining hardware - BitMain - set precedence for a kill switch https://bitcointalk.org/index.php?topic=1888573.0 that if present could be used to "incentivize" miners to follow their policy decisions - honor blacklists for example.
How well are we protected against miners activating such a kill switch after some specific activation date? I assume they are closed source, so it would be hard to detect before a triggering date.