3 ms·
In other words, the stars would have to align in order for this to occur. I don't really know what GHash knows, but I can tell you that GHash's hashrate has di
by Aqueous 12y ago
In other words, the stars would have to align in order for this to occur.
I don't really know what GHash knows, but I can tell you that GHash's hashrate has dipped well below 50% only a day later, as it did when this happened before.
- dllthomas 12y agoThe stars would have to align for it to be genuinely a good idea. Which... well... stars align, sometimes. Moreover, people make mistakes and think stars have aligned. The threat here is that a single group has the capability to produce 51% of the hashes, possibly reliably (we can't know whether scaling back was deliberate or happenstance). It doesn't matter whether they are persistently using that capability.
- bunderbunder 12y agoPerhaps the deeper threat here is the rate at which the goalpost is moving. It's strange, this situation where in there are all these things that would be seriously problematic were they to happen, unless of course they actually happen, in which case they're not actually a problem at all.
- Aqueous 12y agoLarge contributors to the GHash pool pulled large amounts of resources out of the pool. GHash isn't a monolithic entity. Miners have to voluntarily commit their resources to GHash. It's not like a single individual can commandeer the entire mining army without fear of repercussion.