Re: DeepBit Controls About 40% of the Hashrate, Should We Be Afraid?
no
*if* they get over 50% or the network they have a "chance" of taking over the network (if they wanted to), but even at 90% of the network there is still a 10% a chance they would not succeed.
A group of Pool owners including Tycho from deepbit discussed this one evening in depth.
Even so it would be good to see Bitcoin's hashing power less concentrated . If it is a concern for you mine on a mid sized pool and encourage your friends and acquaintances too
*if* they get over 50% or the network they have a "chance" of taking over the network (if they wanted to), but even at 90% of the network there is still a 10% a chance they would not succeed.
A group of Pool owners including Tycho from deepbit discussed this one evening in depth.
Even so it would be good to see Bitcoin's hashing power less concentrated . If it is a concern for you mine on a mid sized pool and encourage your friends and acquaintances too