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RE: Is Monero going to be 51% attacked by MineXMR?

in LeoFinance • 3 years ago

I saw there was major concerns about the 51% attach on Monero. It does show the issue with proof of work now though. Imagine when people stop mining Ethereum and how one major building of GPU miners could honestly take over one of these smaller chains pretty easily. Pools also pretty much negate the decentralization nature of crypto. Personally I think Proof of Work is getting slowly replaced.

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3 years ago in LeoFinance by
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     3 years ago  

    Imagine when people stop mining Ethereum and how one major building of GPU miners could honestly take over one of these smaller chains pretty easily.

    I've honestly never considered it, but of course they're likely to just move to another network.

    The mining infrastructure is there, why wouldn't they?

    Yikes!

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