[Cryptography] Bitcoin compute power (was Re: Aggregate signatures)

[Perry E. Metzger]

On Tue, 10 Jun 2014 22:09:21 +1000 "James A. Donald"
<jamesd at echeque.com> wrote:
> Bitcoin transactions are currently "voted" legitimate by the
> majority of computing power.
> 
> This will likely have bad consequences when the majority of
> computing power is substantially different from the majority owners
> and users of bitcoins.

A very large fraction of the mining power on bitcoin is in the
hands of one pool, ghash.io.

It is close to exceeding 50%.

https://blockchain.info/pools?timespan=24hrs

-- 
Perry E. Metzger		perry at piermont.com