Is anyone else concerned that 43% of the hashrate is from an unknown source?

[quakefiend420]

This feels like ghash.io all over again, except this time there's not even a face on the potential threat..

Looks like Andreas Antonopolis is on permanent amber alet for FUD spreading Bitcointalk threads now since the whole malliability thing.

Within minutes of this thread appearing there's now a remark in red on the graph saying:

A large portion of Unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.

LoL !! I can just see him with his head in his hands in despair - oh jeez, another b.s. fud spreading Bitcointalk thread. Better go and do necessaries...

I didn't say that anyone was attacking the fucking network :/

I'm sure that the unknown hashrate is from several sources.  Notice I did say "potential".  For all I know, the NSA has contracted a chip foundry to build them their own ASICs.  Is that pretty far fetched?  You bet, very.  Impossible?  No.

Just pointing out that a month ago we had a pretty good idea where 80% of the network resided, now we for sure about barely half.

I was hoping that a few posts in this thread may shed some light on it, and it has, a bit.  We at least know where 2PH is coming from...

[Dabs]

You know, even if one entity had 43% of the hashrate, I wouldn't be too worried.

If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.

[sgk]

You know, even if one entity had 43% of the hashrate, I wouldn't be too worried.

If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.

Yep. A 51% attack would just kill the trust in BTC and will take the value down to zero and the attacker would have all the BTC for himself that have ZERO value.

[franky1]

for those skipping 3 pages of waffle

in short the 'unknown' IS multiple sources that are not linked together via mining, but just put into one category on the piechart.

[fancyboy]

May be aliens just decided to change their own currency for bitcoin.. Wait for more, i believe it's just the beginning

[sgk]

May be aliens just decided to change their own currency for bitcoin.. Wait for more, i believe it's just the beginning

Are you sure it was Bitcoin and not 'North Korea Coin'?

[Whtwabbit]

Don't panic it's just Asicminer getting ready to play!

[Polycoin]

Bitcoin is dying, 43% of hashrate, that means someone is very close to being able to do the 51% attack, and Control bitcoin.

Bitcoin is dead.

[Jcw188]

You know, even if one entity had 43% of the hashrate, I wouldn't be too worried.

If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.

Yep. A 51% attack would just kill the trust in BTC and will take the value down to zero and the attacker would have all the BTC for himself that have ZERO value.

You're assuming an entity doing a 51% attack cares about money.  I'm sure there are several entities in the world who would rather Bitcoin die out because they ahve their "money" in another form and don't want Bitcoin messing with it.

[odolvlobo]

Bitcoin is dying, 43% of hashrate, that means someone is very close to being able to do the 51% attack, and Control bitcoin.

Bitcoin is dead.

Please stop trolling. For the paranoid: the 43% is not a single miner -- it represents all the miners that have not identified themselves.

[Phinnaeus Gage]

for those skipping 3 pages of waffle

in short the 'unknown' IS multiple sources that are not linked together via mining, but just put into one category on the piechart.

Ergo, is anyone else concerned that 51% of the pie is being eaten by an unknown source?

I propose...

[railzand]

http://organofcorti.blogspot.co.uk/

check it out. unknowns at ~11%

12%

[ghur]

http://organofcorti.blogspot.co.uk/

check it out. unknowns at ~11%

12%

Turn a 2 upside down and mirror it, now looks like a 5.
Do the same to 1, still looks like a 1.
Reverse the order.

That makes 51%

51% attack confirmed. Bitcoin is dead.

[Bitcoin Magazine]

And growing rapidly.

https://blockchain.info/pools?timespan=24hrs

4 days ago it was 38%

https://blockchain.info/pools?timespan=4days

This feels like ghash.io all over again, except this time there's not even a face on the potential threat...

not me i'm mining PP coin   

[vipgelsi]

Does it really matter where it is coming from? The network is secure.

[Beliathon]

As long as the unknown 43% is not from the same source, it is ok for me.

This.

and

Does it really matter where it is coming from? The network is secure.

That.

[Polycoin]

I'm still very very concerned, that 43% hashrate could reach 51% soon, which would allow that person to do a 51% attack and destroy bitcoin.

[AbsoluteTrust]

Can it be NSA or Google?

[odolvlobo]

I'm still very very concerned, that 43% hashrate could reach 51% soon, which would allow that person to do a 51% attack and destroy bitcoin.

You aren't concerned. This is just more of your usual FUD. The unknown portion is made up of all the miners that don't identify themselves.

[Group Bitcoin]

Well PBmining claims to be doing 106 THz. There's a small chunk.

And didn't you read the red letters at the top of the page?

Don't worry about pbmining. they don't have actual hardware.

Happy to see someone else has noticed that.