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Author Topic: Ghash.io owner might have more then 1 million bitcons  (Read 5359 times)
corsaro
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December 10, 2013, 08:28:12 PM
 #21

Nobody knows who owns ghash.io, but it seems like there is 1 or more privat persons behind it.
Given the fact that every day 3500 Bitcoins are being mined and ghash.io doing about 25% of it http://blockchain.info/pools it means they earn every day 875 Bitcoins, thats 315.000 a year, given the fact that we have the same amount of Bitcoins being produced the next 3 years, this person(s) will own more then 1 million Bitcoins in 3 years.

I even read on this forum that ghash.io tried even to manipulate a bitcoin casino with not confirmed but sent bitcoins.
Thats something which should scare the Bitcoin community. At least it seems like not so difficult to own a hugh percentage of mining power, when a government or an organisation like the NSA starts to do their own mining pools, they could easily have more then 50% even. I think thats a question of time when it will


you can alternatively mine on eligius. Eligius has 0% default mining fee, and you can decide by yourself what percentage to donate them
miners78
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December 11, 2013, 07:46:18 PM
 #22

I don't think the owner does, they have to pay out the BTC to the people who own the hardware.
mufa23
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December 27, 2013, 09:21:08 AM
 #23

Pretty sure Ghash/CEX are run by BitFury.

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Olly_K
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December 27, 2013, 09:39:11 AM
 #24

Pretty sure Ghash/CEX are run by BitFury.

makes sense, seeing at their redeem options for hardware are all bitfury based boards.
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