22 sats \ 2 replies \ @DarthCoin 15 Mar 2022 \ on: Kazakhstan has confiscated nearly $200 million in mining equipment from unregistered miners | The Block bitcoin
Fuuuck... this is bad. really bad for Bitcoin.
What's the worry here? 51% attack?
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If most mining activity (hashrate) is done in a few countries, then yes -- a government ordered 51% attack becomes more easily performed since the hashrate sources are more easily identified and controlled.
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