Ahh, thank you finway, that looks like a much better chart!
... and sorry everyone else
Topic: "unknown" pools, 50% attack? (Read 1567 times)
Ahh, thank you finway, that looks like a much better chart!
... and sorry everyone else
disclaimer - I'm always hesitant to start a new thread, but I can't seem to search this forum efficiently, so if this is common knowledge then sorry or whatever.
on http://bitcoincharts.com/ right now, the hashrate distribution is showing "unknown" as now having greater than 50% of the total hashrate.
I have never before seen any one group reach 50+ percent, and although I don't understand how to execute a double-spend attack, I have heard that it requires controlling more than 50 percent of the network hashrate.
what does "unknown" mean? I understand that it's unlikely that all of that "unknown" is a single entity, but it is not impossible.
anyone want to clear all this up and allow me to sleep soundly? or should I just sell all my bitcoins right now?
on http://bitcoincharts.com/ right now, the hashrate distribution is showing "unknown" as now having greater than 50% of the total hashrate.
I have never before seen any one group reach 50+ percent, and although I don't understand how to execute a double-spend attack, I have heard that it requires controlling more than 50 percent of the network hashrate.
what does "unknown" mean? I understand that it's unlikely that all of that "unknown" is a single entity, but it is not impossible.
anyone want to clear all this up and allow me to sleep soundly? or should I just sell all my bitcoins right now?
The latest other thread on this topic of the many - this has been asked many times in the mining forum.
https://bitcointalksearch.org/topic/unknown-mining-pool-too-big-86223
In summary
Bitcoincharts.com is not very accurate. Some of the unknown blocks are from known pools but called unknown.
Not to be *that guy*, but please search on this topic. It comes up once a week and there is a really good reason why you see it and it is nothing to worry about.
He is right it's a bit much, who mines solo these days and how many small pools were created/gained traction in such a short time?
Abandon ship people - abandon ship!
Nah even if its an 51% attack it shouldn't hurt us too much.
Abandon ship people - abandon ship!
Nah even if its an 51% attack it shouldn't hurt us too much.
It's a combination of all solo miners and small, not well known pools.
Edit: This should be in the general mining subforum though.
Edit: This should be in the general mining subforum though.
disclaimer - I'm always hesitant to start a new thread, but I can't seem to search this forum efficiently, so if this is common knowledge then sorry or whatever.
on http://bitcoincharts.com/ right now, the hashrate distribution is showing "unknown" as now having greater than 50% of the total hashrate.
I have never before seen any one group reach 50+ percent, and although I don't understand how to execute a double-spend attack, I have heard that it requires controlling more than 50 percent of the network hashrate.
what does "unknown" mean? I understand that it's unlikely that all of that "unknown" is a single entity, but it is not impossible.
anyone want to clear all this up and allow me to sleep soundly? or should I just sell all my bitcoins right now?
on http://bitcoincharts.com/ right now, the hashrate distribution is showing "unknown" as now having greater than 50% of the total hashrate.
I have never before seen any one group reach 50+ percent, and although I don't understand how to execute a double-spend attack, I have heard that it requires controlling more than 50 percent of the network hashrate.
what does "unknown" mean? I understand that it's unlikely that all of that "unknown" is a single entity, but it is not impossible.
anyone want to clear all this up and allow me to sleep soundly? or should I just sell all my bitcoins right now?
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