Litecoin pool hashrate distribution
Something is wrong with the Litecoin hashrate distribution.
To be more specific, F2Pool currently controls It is unclear what is happening exactly, although it seems the situation will be rectified soon. It looks as if someone directed a lot of ASIC mining power to this pool over the past few days.
With the exception of Litecoin pool, however, none has shown hostility to the SegWit soft fork, so there's reason to believe that this upgrade will be eventually carried out. As the gray area is pushed to the left over time, the graph. The large majority hashrate distribution active miners is still abstaining. Hash Rate and Electricity Consumption. That does not appear to be the case, though. Like Ethereum mining hashrate distribution issues, Bitcoin has endured similar miner centralization issues.
This would dsitribution allow F2Pool to take control of the Litecoin network, if they were inclined to do so. That does not appear to be the case, though.
- Outside of being Europe Editor at Newsbtc, JP is also an active writer for the website, and does not shy away from letting his opinion be heard.
- It looks as if someone directed a lot of ASIC mining power to this pool over the past few days.
- This would effectively allow F2Pool to take control of the Litecoin network, if they were inclined to do so.
It is still a situation that needs to be addressed sooner rather than later. Having one pool control the majority of hashrate never bodes well if things are not solved quickly. Luckily, it appears Charlie Lee is on the case already.
It is unclear what will be done to revert this dominant position, though. The pool has always been one of hashrare largest Litecoin mining pools, though.
This sudden growth is both unexpected litecoin pool hashrate distribution unprecedented in the Litecoin ecosystem. It is good to see there is no malicious llitecoin to take over the Litecoin ecosystem, here. Even though the LTC price is a bit flat these hashrqte few weeks, it is still a profitable cryptocurrency to mine. That is, assuming one has access to both powerful hardware and cheap electricity.
Until we know who is responsible for this litecoin pool hashrate distribution change in network hashrate, all one can do is speculate. It is evident someone feels mining Litecoin is the worth their while right now. If all things go according to plan, this problem should be litecoin pool hashrate distribution in a few hours from now.
There litecoin pool hashrate distribution no imminent threat to the network lirecoin now, though, so no one should panic either. F2Pool is getting a more popular than anticipated, but the issue will be resolved with ease.
Pool distribution litecoin hashrate situation
Issues like these may arise from time to time, though. It is good to see F2Pool and Charlie Lee take action to make sure this matter is resolved quickly. The Litecoin network is in good hands, that much is evident.
Until we know who is responsible for this sudden change in network hashrate, all one can do is speculate. Bitcoin Nodes List click A Log of all bitcoin nodes blockchain. Litecoin pool hashrate distribution rate estimates are based on the rate at which blocks are solved, so the precision is relatively low. There is no imminent threat to the network right now, though, so no one should panic either.
Outside read more being Europe Editor at Newsbtc, JP is also an active writer for the website, and does not shy away from letting his opinion be heard.