Daedalus's avatar
Daedalus _@daedalus.website 2 weeks ago
Bitcoin has a mining centralization problem too buddy, it's a vulnerability to all PoW coins. Monero wasn't 51% attacked, it was about 37% at peak and was a selfish mining attack. If just two BTC pools colluded they could perform the same attack
Bitcoin Mining Pool Data | Hashrate Index
Check the latest Bitcoin mining pool market data, compare total hashrate, market share, payout methods, and more!
 Bitcoins mining has a larger problem due to ASICS. Only one manufacturer currently makes the most competitive chips to mine Bitcoin which is a major supply chain centralization factor and a backdoor vulnerability. Monero uses RandomX which makes all CPUs roughly as efficient as each other. You could mine on a 20 year old laptop, a VPS or a dedicated server.
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Replies (4)

BTC_P2P's avatar
BTC_P2P 2 weeks ago
But if those Bitcoin pools colluded to 51% they would both be abandoned immediately and go out of business. If an intelligence agency cared enough about monero they could orchestrate a 51% attack bc the network is weak and vulnerable.
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Daedalus's avatar
Daedalus _@daedalus.website 2 weeks ago
Monero is about proprotionately secure to Bitcoin in terms of energy to market cap. The hashrate is way lower because RandomX is intentionally less efficient. I had another reply I made weeks ago that does the math to prove this. This isn't a gotcha, that same major vulnerability of state intelligence exists in both. Actually I'd argue it's worse in Bitcoin due to the single manufacturer ASIC issue I previously discussed. It's such a security concern than the US has declared concern over China's potential influence on this ASIC manufacturing.
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