[2014-06-16] Gizmodo: One User Controls Over Half of Bitcoin Mining—and That's a

[kjlimo]

http://gizmodo.com/one-user-controls-over-half-of-bitcoin-mining-and-thats-1591328374/+jcondliffe

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...

[Bit_Happy]

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?" 

[CoinMode]

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?

[runam0k]

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.

[fryarminer]

We've been Goxed again!

[kjlimo]

We've been Goxed again!

At least we're not saying we've been ghashed.