F2Pool Still Controls Overheen 51% of the Litecoin Hashrate

F2Pool Still Controls Over 51% of the Litecoin Hashrate

It emerges spil if the Litecoin mining pool situation has not bot resolved yet. Earlier this week, it appeared F2Pool wasgoed controlling a majority of network hashing power. The number wasgoed declining quickly, and people assumed things would sort themselves out. That is not the case, spil F2Pool now controls even more hashing power than a few days ago.

F2Pool Is Still Controlling The Litecoin Network

It is never good to see one mining pool control overheen half of the entire network. Te the world of Litecoin , this problem has bot prevalent for almost a week now. The F2Pool mining operation presently controls 54.2% of the total hashrate. Spil a result, it would effectively be able to execute a 51% attack against the network and take overheen control. That would not be ter the pool’s best rente to do so, tho’.

Interestingly enough, it appeared F2Pool wasgoed te the process of reducing its hashrate. Albeit the company never specified how they would do this, the hashrate wasgoed declining a few days ago. For some unknown reason, the percentage has enhanced to overheen 54% again. it seems miners will need to by hand redirect their hashpower to a different pool until this punt is resolved. Then again, people want the most schrikachtig for their buck, and mining at a larger pool often means getting more prizes vanaf day.

There is also the facet of extra mining hardware being deployed. Bitmain is presently shipping out their fresh generation of Litecoin mining hardware. It is overduidelijk some people have received their package and are directing their mining power to F2Pool right now. it is possible other pools will eventually catch up. Then again, that process could take weeks, if not months. It is a bit of an uneasy situation, but not a very harmful one right now.

For the time being, this uneven hashrate distribution is not affecting Litecoin all that much. It is a bit of a problem, but nothing that can’t be solved amicably, by the look of things. It is not the very first time wij see one pool growing a bit too powerful either. Events like thesis are happening all overheen the cryptocurrency world and eventually sort themselves out. Wij can only hope miners get their fresh hardware online and point it at different pools sooner rather than straks.

About JP Buntinx

JP is a freelance copywriter and SEO writer who is sultry about various topics. The majority of his work concentrates on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all overheen the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

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