Ghash.io Mining Pool Has Mined $250 Million in Bitcoin in One Year

Ghash.io Mining Pool Has Mined $250 Million in Bitcoin in One Year

Popular bitcoin mining pool operator has taken no shortage of criticism over the past few months, but they're still not shying away from showing off their mining power. The pool, which launched over a year ago now in 2013, has generated nearly $250 million USD with the combined power of all miners across the world connected to the pool. That's 413,752 bitcoins, if you were wondering. The information comes from an infographic released by the pool operator, which reveals other interesting statistics. (You can view the infographic by clicking here). The pool has consumed 159.5 million KW/H of....


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Ghash. IO official statement on the 51% attack threat (PRESS RELEASE)

This is a press release by Ghash. IO and does not represent our views. Read our earlier post about the situation here: WARNING: GHASH. IO IS NEARING 51% - LEAVE THE POOL. 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....

GHash Mining Pool Generates $250 Million in Bitcoin in One Year

Since opening its doors on 3rd August of last year, major bitcoin mining pool operator GHash.io has generated nearly $250m in bitcoin, according to a new infographic released by the company. The pool has produced 413,752.01889456 BTC since it first began hashing in 2013, an amount worth $248,251,211.33 according to the CoinDesk USD Bitcoin Price Index. This fact was just one of the noteworthy statistics provided by the infographic, as the full release contains both hard mining data as well as a brief timeline of the company's history. The publication comes at a time when the company has....

GHash. IO Releases Official Statement on 51% Hashing Power Threat

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Bitcoin Mining Pool Ghash.io Is Open For Discussion... But Still Unapologetic

Bitcoin Mining Pools will meet to discuss a permanent solution to the threat of a 51% attack. In response to community concerns, Ghash.io has posted to Cex.io's blog regarding the threat of a 51% attack presented by Ghash.io's rapid growth, as promised by Jeffrey Smith. In their blogpost, Ghash.io restated their "intention to help protect and grow the broad acceptance of Bitcoin and categorically in no way harm or damage it." In the same breath, Ghash.io explained that they are firmly against temporary solutions such as the implementing of a pool fee. The still largest Bitcoin mining pool....

GHash. IO Hashing Market Share Drops to 28% Following Fears of 51% Attack

The bitcoin community endured a scare earlier this week when mining pool GHash. IO's hashing market share reached a whopping 42%, leaving many wondering if the potential was there for the pool to carry out a 51% attack on the bitcoin network. Scores of users took to bitcoin-related boards and pleaded for miners in the GHash. IO pool to join another pool, in order to bring GHash. IO's market share down. It worked. As of Friday, data provided by Blockchain.info indicates GHash. IO is now at 28% hashing market share in the past twenty-four hours. Undoubtedly an immense improvement, but many....

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