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Title: Does BTC Guild really have 40% of the hashing power? Post by: joecascio on April 08, 2013, 04:05:09 PM This graph says BTC Guild has 40+% of the network hashing power. . If that's true, it's dangerously close to being able to mount a 51% attack. Am I reading this wrong?
http://goo.gl/teqGn (http://goo.gl/teqGn) Title: Re: Does BTC Guild really have 40% of the hashing power? Post by: RaTTuS on April 08, 2013, 04:10:04 PM http://blockchain.info/pools
40 is not 51% but get all your friends to move to another.... Title: Re: Does BTC Guild really have 40% of the hashing power? Post by: glub0x on April 08, 2013, 04:20:44 PM this is problematic
Title: Re: Does BTC Guild really have 40% of the hashing power? Post by: plasticAiredale on April 08, 2013, 04:38:15 PM Don't Panic!
see: https://bitcointalk.org/index.php?topic=168108.0 Title: Re: Does BTC Guild really have 40% of the hashing power? Post by: Gimpeline on April 08, 2013, 07:31:21 PM Don't Panic! see: https://bitcointalk.org/index.php?topic=168108.0 Sounds good. Just as big guilds in games often ruins the game, a too big pools might ruin Bitcoin Title: Re: Does BTC Guild really have 40% of the hashing power? Post by: BTC Books on April 08, 2013, 08:29:58 PM It would be more correct to say that BTC Guild is the conduit for 40% of the network's hashing power.
That can change in a heartbeat - and has. For example; back when Deepbit was flirting with 50%, for several months in 2011. People (miners) keep an eye on it, you know. And they switch pools when they get nervous - although I don't think getting nervous about the pool operators is really called for. Once ASICs are in the hands of individual miners I think there will be a bit more solo mining, so it will be less of an issue. |