[Cryptography] ghash.io hits 50% of the Bitcoin compute power

[Phillip Hallam-Baker]

On Fri, Jun 13, 2014 at 9:51 AM, Perry E. Metzger <perry at piermont.com>
wrote:

> The security of Bitcoin depends on no one group burning more than half
> the compute cycles. As of today, of course, the graph looks like
> this.
>
> https://imgur.com/PPVr0Wv


This is only a risk if you want to spend or transfer your coins. If you are
a hoarder it doesn't matter.

The mining pool has approached 51% attack territory before and the mining
pools split. The question is whether the fact that they didn't do that this
time round suggests they are getting sloppier.
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