Concerns grow over Monero mining pool that has 44% of the network’s hash rate
February 14, 2022, 9:42AM EST · 2 min readMonero 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.
A 51% attack is when one entity holds over half of the hashing power of a blockchain network, a position that allows them to have some sway over the network’s consensus on what transactions have gone through.alarm over the situation, citing fears that continued deployment of mining resources on MineXMR could lead to the pool controlling 51% of the network. They have called on miners to deploy their hash power on other pools to reduce MineXMR’s hash rate control.
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