Blog Archives

Report: GHash commits to a 40% hashrate cap

Posted on 16th July, 2014

In June, behemoth bitcoin-mining pool GHash.io briefly gained more than half of the total network hashrate, a move that caused many to question just how secure bitcoin’s much-touted decentralized network really was. The situation was a wake-up call for many, as it meant that the long-hypothesized “51% attack” wasn’t as implausible as many experts had […]

Report: GHash.io’s Jeffrey Smith talks about the 51% problem

Posted on 23rd June, 2014

Few organizations in the bitcoin community have been the subject of such heated debate as GHash.io. On the one hand, GHash has created one of the most user-friendly, efficient and low payout-variability pools in the cryptocurrency world, leveraging their own dedicated cloud mining system to encourage high rewards for independent contributors. On the other, GHash […]

Mining pool giant GHash.io reaches 50% of bitcoin hashing power

Posted on 13th June, 2014

Yesterday, mining pool giant GHash.io controlled fully half of the hashing power of the entire bitcoin network. For a distributed network that relies on trustless consensus, having the majority of the “voting” power controlled by a single mining pool is more than a little problematic. Most notably, it opens up the bitcoin network to the […]