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sampson-san

4 karma · joined June 13, 2014

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sampson-san··on BTC mining pool just reached 50% global mining power
Anyone familiar with Bitcoin is likely aware of the 51% attack. A blog post is hardly warranted, because this isn't significant. GHash.io does not control all of that compute power. It is a metalayer that coordinates distinct and unrelated compute resources controlled by (supposedly) 180,000 seperate entities[0]. In order for a 50% attack to take place the vast majority (at this point) would have to agree to attack, and that simply won't happen.

[0] GHash.io homepage

sampson-san··on BTC mining pool just reached 50% global mining power
Interesting data point, thanks! If all the compute power that together forms the GHash pool were controlled by a single entity, this would be an issue. Thankfully that's not the case.