The Chinese mining giant Bitmain produced more than 42 percent of all bitcoin blocks, which has recently raised doubts and fears that the company will soon be able to control 51 percent of all blocks, this number is necessary for a network attack.

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Bitmain, the world’s largest manufacturer of ASIC equipment and Mining installations, has agitated the crypto-currency exchange community due to the company’s growing dominance in the bitcoin mining. Combining the overall market share of the two main BTC pools that Bitmain currently owns.

So far, the company lacks another 9 percent, but there are fears that the mining giant can use its Bitcoin Cash hashing ability, which works on the same PoW algorithm to reach 51 percent, if, of course, wants it.

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What does it mean?

The danger is that if a company controls 51 percent of the total number of mining pools, it leaves all bitcoin-blockchain open for a number of manipulative problems, including double costs and malicious transaction management.

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