Bitcoin mining pool GHash.IO is preventing accumulation of 51% of all hashing power

GHash.IO, the worlds largest and most powerful mining pool, has entered 2014 with overall hashing power of over 40%, making it the #1 pool currently in the Bitcoin network.

The pool has gained significant hashing power due to the 0% pool fee, merged mining of alt coins, excellent real-time data presentation as well as quality 24/7/365 support service.

The hashing power of GHash.IO consists of:

  • ~45% BitFury ASIC based miners
  • ~55% independent miners

Although the increase of hash-power in the pool is considered to be a good thing, reaching 51% of all hashing power is serious threat to the bitcoin community.

Continue reading Bitcoin mining pool GHash.IO is preventing accumulation of 51% of all hashing power at CEX.IO Official Blog.