Blog Archives

Report: GHash commits to a 40% hashrate cap

Posted on 16th July, 2014

In June, behemoth bitcoin-mining pool 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 […]

Bitcoin insiders begin making public 2014 price projections

Posted on 10th July, 2014

For those that view bitcoin as a purely speculative phenomenon, price is everything. Sure, a groundbreaking technology that allows value to be exchanged instantly, anywhere in the world, very nearly for free and without the need for any middlemen or gate keepers is fine, but you generally can’t pay rent with good ideas. Speculators simply […] issues statement about 51% situation

Posted on 16th June, 2014

Over the weekend, bitcoin mega-pool controlled more than half of the network’s hashing power. Given that bitcoin was designed to be decentralized, with no particular party having any significant authority over the network, this was a deeply troubling development. Even worse, the GHash situation was a clear demonstration that bitcoin was unambiguously vulnerable to […]