Concerns grow over Monero mining pool with 44% of its hash rate

advertisement

Monero mining pool MineXMR now controls 44% of the privacy coin’s hash rate, a position that some think carries potential risks for the network’s security.

MineXMR, the largest Monero mining pool, is relatively close to controlling more than half of the network’s hash rate. If it were to reach such a level, it would theoretically be able to carry out a 51% attack.

A 51% attack is when one entity holds over half of the hashing power of a blockchain network, a position…


Source link

About bitcoin

Check Also

How Does the Chart Look Wednesday?

How Does the Chart Look Wednesday?

News Home Wednesday, February 01, 2023 04:11 PM | InvestorsObserver Analysts Monero Classic receives a …

Leave a Reply

Your email address will not be published. Required fields are marked *