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GHash 51% control of Bitcoin mining


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GHash 51% control of Bitcoin mining

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 Big Mike 
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Bitcoin security guarantee shattered by anonymous miner with 51% network power | Ars Technica


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For the first time in Bitcoin's five-year history, a single entity has repeatedly provided more than half of the total computational power required to mine new digital coins, in some cases for sustained periods of time. It's an event that, if it persists, signals the end of the crypto currency's decentralized structure.

Mike



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  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
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Bitcoin pool GHash.io commits to 40% hashrate limit after its 51% breach | Ars Technica

Mike



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