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Title: [2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a Post by: kjlimo on June 16, 2014, 02:59:07 PM http://gizmodo.com/one-user-controls-over-half-of-bitcoin-mining-and-thats-1591328374/+jcondliffe
Quote Ars Technica reports that researchers from Cornell University have noticed that single mining pool contributes over 51 percent of the currency's hashing—the cryptographic process required to mint Bitcoins—repeatedly, for periods of 12 hours or more. The user is GHash, which proudly names itself the "#1 Crypto & Bitcoin Mining Pool." Clearly it's not lying. I think they are confused about "user" however, I suppose a pool should be looked at as a single point of operation, so it's not completely off... Title: Re: [2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a Post by: Bit_Happy on June 16, 2014, 08:40:27 PM Does anyone find it amusing that they cite "researchers from Cornell University" when the big news is something almost everyone here has heard about? How much research was involved in their "discovery?" :)
Title: Re: [2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a Post by: CoinMode on June 16, 2014, 08:48:14 PM Does anyone find it amusing that they cite "researchers from Cornell University" when the big news is something almost everyone here has heard about? How much research was involved in their "discovery?" :) Maybe it was Prof. Bitcorn from Cornell that was doing the research. Who knows? Title: Re: [2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a Post by: runam0k on June 17, 2014, 09:43:36 AM Weeks, months or years of bad press ahead based on this (GHash letting itself get too big).
My only hope is that a proper fix is found. Title: Re: [2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a Post by: fryarminer on June 17, 2014, 10:47:18 AM We've been Goxed again!
Title: Re: [2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a Post by: kjlimo on June 17, 2014, 11:28:10 AM We've been Goxed again! At least we're not saying we've been ghashed. |