Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
gimme_bottles
on 13/06/2014, 06:58:47 UTC
Dear god!

http://i.imgur.com/UsTkUQ0.png

I'm scared. I'm really scared.

Are you gonna sell your coins?


No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%.

Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%.

The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about.