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Author Topic: price reaction by ghash.io moving to 51%  (Read 533 times)
noSlave
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June 08, 2014, 08:33:29 AM
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What do you think will happen to the price if Ghash.io continues their growing the next day?
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Unluckyduck
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June 08, 2014, 11:51:31 AM
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I wouldn't worry to much about it happening at all if i were you cause if it does go past 51% then the miners are only hurting their own profits.
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June 10, 2014, 11:23:37 PM
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So far there hasn't been much movement with respect to the price, I think that people are keeping their shit together.
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June 11, 2014, 12:33:36 AM
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What do you think will happen to the price if Ghash.io continues their growing the next day?

I would find it unlikely that ghash would ever actually control 51% of the mining capacity of the network. The last time they approached 51% the price of their GH/s rose substantially and their share of the network declined. This would lead me to believe that they repurchased some of their traded capacity and took it offline.

I don't think the price of BTC would be affected if ghash got 51% of the network as long as there is not an attacked against the network. Having 51% of the network would only allow them to possibly launch an attack, it does not mean they will launch an attack.

ghash (and cex) have a lot of money invested in the bitcoin economy and would stand to lose considerably if faith in bitcoin were to be reduced substantially 

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