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Author Topic: What's with blockchain.info network hashrate at 912175.06 GH/s?  (Read 666 times)
soy (OP)
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February 17, 2014, 05:12:10 PM
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What's with blockchain.info network hashrate at 912175.06 GH/s?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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February 17, 2014, 05:16:42 PM
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Quote from: soy on February 17, 2014, 05:12:10 PM
What's with blockchain.info network hashrate at 912175.06 GH/s?

My prediction is that they broke things when they made modifications in order to give the babies at MtGox something they could use for a unique txid.

https://www.mtgox.com/img/pdf/20140217-Announcement.pdf
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February 17, 2014, 05:18:38 PM
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Quote from: Stevets on February 17, 2014, 05:16:42 PM
Quote from: soy on February 17, 2014, 05:12:10 PM
What's with blockchain.info network hashrate at 912175.06 GH/s?

My prediction is that they broke things when they made modifications in order to give the babies at MtGox something they could use for a unique txid.

https://www.mtgox.com/img/pdf/20140217-Announcement.pdf

So, that P2P mining is failing?
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February 17, 2014, 05:46:09 PM
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P2P is not failing. What is failing are these attempts to centralize, consolidate and control it. All grassroots organizations end up being taken over by the Joseph Stalins of the world.

[Edit] They fixed it :-)
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