There is no benefit. It happens all the time just like other's have pointed out. It could be 100 different reason's none of which is worth me worrying about. As long as its not one source and its been proven its not. It actually BENEFITS bitcoin blockchain not hurts I repeat it BENEFITS. So don't get all excited over nothing.
Steve
Topic: Is anyone else concerned that 43% of the hashrate is from an unknown source? (Read 5144 times)
June 06, 2014, 12:23:22 AM
June 05, 2014, 06:07:29 PM
This thread should have died long ago. This forum is too cluttered with shit for noobs to learn anything. Time to clean out the junk. This forum should be about bitcoin and the bitcoin protocol. Not stankcoin, geekcoin, potcoin, and every other dumb shit scam alt.
June 05, 2014, 12:27:38 PM
As long as they are not from the same source it's a good thing.
June 05, 2014, 09:52:57 AM
What would the benefits of a 51% attack even be except destroying the bitcoin currency?
June 05, 2014, 09:39:35 AM
As long as the unknown 43% is not from the same source, it is ok for me.
This. 
June 05, 2014, 09:37:35 AM
Didn't someone already point out that this percentage, which you say is now 20%, is unknown sources, meaning it is almost certainly more than 1 source? Then it's not like 1 person is controlling all the hash power.
That's the fact that would turn this exciting thread boring. Let's ignore it and get on with our alien theories. June 05, 2014, 09:34:25 AM
Didn't someone already point out that this percentage, which you say is now 20%, is unknown sources, meaning it is almost certainly more than 1 source? Then it's not like 1 person is controlling all the hash power.
June 05, 2014, 08:52:18 AM
Well it's dropped to 20% now.
May 20, 2014, 06:51:56 PM
Well PBmining claims to be doing 106 THz. There's a small chunk.
And didn't you read the red letters at the top of the page?
And didn't you read the red letters at the top of the page?
Don't worry about pbmining. they don't have actual hardware.
Happy to see someone else has noticed that.
May 20, 2014, 02:55:20 PM
I'm still very very concerned, that 43% hashrate could reach 51% soon, which would allow that person to do a 51% attack and destroy bitcoin.
You aren't concerned. This is just more of your usual FUD. The unknown portion is made up of all the miners that don't identify themselves.
May 20, 2014, 02:04:08 PM
Can it be NSA or Google?
May 20, 2014, 10:03:58 AM
I'm still very very concerned, that 43% hashrate could reach 51% soon, which would allow that person to do a 51% attack and destroy bitcoin.
May 09, 2014, 10:57:26 PM
As long as the unknown 43% is not from the same source, it is ok for me.
This.and
Does it really matter where it is coming from? The network is secure.
That. May 09, 2014, 10:38:01 PM
Does it really matter where it is coming from? The network is secure.
May 09, 2014, 03:29:35 PM
And growing rapidly.
https://blockchain.info/pools?timespan=24hrs
4 days ago it was 38%
https://blockchain.info/pools?timespan=4days
This feels like ghash.io all over again, except this time there's not even a face on the potential threat...
https://blockchain.info/pools?timespan=24hrs
4 days ago it was 38%
https://blockchain.info/pools?timespan=4days
This feels like ghash.io all over again, except this time there's not even a face on the potential threat...
not me i'm mining PP coin
May 09, 2014, 03:26:02 PM
12%
Turn a 2 upside down and mirror it, now looks like a 5.
Do the same to 1, still looks like a 1.
Reverse the order.
That makes 51%
51% attack confirmed. Bitcoin is dead.
May 09, 2014, 02:35:34 PM
12%
May 09, 2014, 01:40:13 PM
for those skipping 3 pages of waffle
in short the 'unknown' IS multiple sources that are not linked together via mining, but just put into one category on the piechart.
in short the 'unknown' IS multiple sources that are not linked together via mining, but just put into one category on the piechart.
Ergo, is anyone else concerned that 51% of the pie is being eaten by an unknown source?
I propose...
May 09, 2014, 01:37:21 PM
Bitcoin is dying, 43% of hashrate, that means someone is very close to being able to do the 51% attack, and Control bitcoin.
Bitcoin is dead.
Bitcoin is dead.
Please stop trolling. For the paranoid: the 43% is not a single miner -- it represents all the miners that have not identified themselves.
May 09, 2014, 12:42:41 PM
You know, even if one entity had 43% of the hashrate, I wouldn't be too worried.
If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.
If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.
Yep. A 51% attack would just kill the trust in BTC and will take the value down to zero and the attacker would have all the BTC for himself that have ZERO value.
You're assuming an entity doing a 51% attack cares about money. I'm sure there are several entities in the world who would rather Bitcoin die out because they ahve their "money" in another form and don't want Bitcoin messing with it.
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