Rapid growth of GHash.IO mining pool, seen over the past few months, has been driven by our determination to offer innovative solutions within the Bitcoin ecosystem combined with significant investment in resource. Our investment, participation and highly motivated staff confirm it is our intention to help protect and grow the broad acceptance of Bitcoin and categorically in no way harm or ... During the Bitcoin meet up in Los Angeles, when someone asked about potential attack on Bitcoin, he said, "So unless we were all not paying attention — and trust me, we are, because GHash.io has now become a huge topic in this community — there’s nothing they can really do with that. You can’t run away with everyone’s coins just because you got 51%. All you can do is affect the next ... The Bitcoin mining pool Ghash.io is involved in controversy for the second time in a year and for the same reasons: with the pool harnessing more miners and more power over the last few weeks, the possibility of a theoretical ‘51% attack’ is getting bigger.. The first time the Bitcoin community worried about this possibility was back in January, but several warnings spread across the web ... Once such example is Ghash.io which is one of the largest pools of bitcoin miners that has come close to obtaining the majority of bitcoin network’s hashing power twice in 2014. If the pool had been able to obtain the 51 percent of network power, it would have been able to do the double spending, prevent any transaction for confirming and reverse past transactions among a number of other things. After GHash.IO closed in 2016, CEX.io continued operating as a bitcoin exchange. Ghash.io was owned by CEX.io, which is a cryptocurrency exchange that continues to operate today. 51% attack controversy. Due to the popularity of Ghash.IO's mining pool, many people in the bitcoin community were often worried about the possibility of a 51% attack ... Questions concerning Bitcoin 51 attack by the government shouldn’t arise as there’s no real threat from the government apart from the lack of regulation. This doesn’t gainsay the need for 51 percent attack Bitcoin protection. Here are some of the available ways to mitigate the attack. There should be a way limit the size of mining pools within the Blockchain network. Using a Proof-of ... GHash.IO is a bitcoin mining pool having operated from 2013 and allowed bitcoins to mine using personal hardware or cloud-based mining power. In October, 2016, GHash.IO pool has been closed.At the moment, the team behind former GHash.IO pool offer enterprise mining solutions upon request. The collective value of the bitcoin mined in this pool was over $200 million in its first year.
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