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Bitcoin Security Endangered By Powerful Mining Pool

Posted by timothy on from the cornering-the-market dept.

An anonymous reader writes Ars Technica reports that for the first time in Bitcoin's five-year history, a single entity has repeatedly provided more than half of the total computational power required to mine new digital coins, in some cases for sustained periods of time. It's an event that, if it persists, signals the end of crypto currency's decentralized structure."

1 of 281 comments (clear)

  1. Where's the news? by ITMagic · · Score: -1, Flamebait

    For the first time in Bitcoin's five-year history, a single entity has repeatedly provided more than ...

    • Bad grammar: If this has been repeatedly happening, then now is hardly the first time that this has become news-worthy.

    Old news on Slashdot again...