Questions about Bitcoin’s security cropped up on May 18, when the F2Pool mining pool mined six consecutive blocks on the BTC blockchain, covering block numbers 630804 to 630809. With many exchanges and other Bitcoin-related services relying on just three confirmations before extracting funds, some asked whether this is still secure enough. Is mining hash power becoming centralized? As Cointelegraph reported, since last week’s Bitcoin halving event, hashrate on the network has dropped 30%. This is largely due to the reduced reward for miners, making mining unprofitable on older machines or…
Is 3 Confirmations Still Enough if F2Pool Can Mine 6 Consecutive BTC Blocks?
