Known as GHash.io run by an organization called CEX.io a mining pool, with lots of special hardware

Bitcoin corrupting influence once of government or any other centralized authority was designed once to be free of them. Now, however, hovering around $ 1,000 an electronic With the value of a unit, Bitcoins have to fight for control of emissions.
Independent "miners" in Bitcoin transactions possible mathematical operations required to make your computer 'using the processing once power to make new currency: Bitcoin developers to regulate money supply created a simple method. The amount of 21 million Bitcoins once continue to act as a boundary has become more difficult. once
Initially, a home computer to become a Bitcoin miner was required. Market grew to become the tool of choice once for high performance graphic card. Nowadays, most of the mining application specific integrated circuits dedicated instrument is called, and the big miners impossible to cover them and a regular rather than occasional, short of gaining permission from the pool in the world.
Known as GHash.io run by an organization called CEX.io a mining pool, with lots of special hardware like a high-tech operation selling some of the shares went a step further. Miners would just sit back and take the income, pay for your piece of computing power.
In other words, the organization was on the verge of dominating the emission of Bitcoins - Last week, some independent miners GHash.io controlled 45 percent of the processing power of the Bitcoin network was that it looked so big. Bitcoin forums GHash.io commentators have obtained a 51 percent stake, and it is possible to reverse the transaction to pay twice for the same Bitcoins will be able to create that began to worry. Such waste could provide them with centralized power.
GHash.io quickly that it had no intention of executing announced, "51 percent attack. "It stopped accepting independent miners and their users will be allowed to mine for other pools. once By Monday, the processing power of the network GHash.io website Blockchain.info per share, which was down 34 percent. Bitcoin miners are a fool: the chance to dominate the pool will devalue their holdings. That said, a lot of equipment controlled a large farm, it is used to separate pool for mine, even though still quietly without killing a majority of the deposit and the market abuse of can do that.
Spokesperson and Chief Information Officer Jeffrey Smith CEX.io which calls itself a private company. His LinkedIn profile Kiev, Ukraine, is a graduate of International Christian University, and lists him as a Ukrainian resident. Far from the center of the financial once universe, Ukraine, U.S. world-class programmers often earn poverty level wages and therefore once are willing to take risks, where a lawless place. Entrepreneurs once in Hong Kong and China, Bitcoin is also one of the largest markets that could present a risk centralization mining
Farms are built. Theoretically, competition between such operations, it is difficult for any one to control emissions should Bitcoin, once yet the potential for collusion in an oligopoly, once or a successful hacking attacks on large organizations is always there .
So far, about 12.2 million Bitcoins have been mined. Money grows more strong emission of large farms' grip becomes. With billions of dollars at stake, virtual currency no longer works in ways envisioned once by its founders. The Chinese speculators they did not mean to be an object, nor a product to be derived from industrial-sized operations in particular. Bitcoin which now bear no responsibility for the issuing of bonds as less risky currency. That is ripe for abuse of investor should know about.
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