It would be more correct to say that BTC Guild is the conduit for 40% of the network's hashing power.
That can change in a heartbeat - and has. For example; back when Deepbit was flirting with 50%, for several months in 2011. People (miners) keep an eye on it, you know. And they switch pools when they get nervous - although I don't think getting nervous about the pool operators is really called for.
Once ASICs are in the hands of individual miners I think there will be a bit more solo mining, so it will be less of an issue.
Topic: Does BTC Guild really have 40% of the hashing power? (Read 1583 times)
Sounds good. Just as big guilds in games often ruins the game, a too big pools might ruin Bitcoin
this is problematic
This graph says BTC Guild has 40+% of the network hashing power. . If that's true, it's dangerously close to being able to mount a 51% attack. Am I reading this wrong?
http://goo.gl/teqGn
http://goo.gl/teqGn
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