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Submission + - Bitcoin Security Endangered by Powerful Bitmining Pool

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.
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Bitcoin Security Endangered by Powerful Bitmining Pool

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[A computer is] like an Old Testament god, with a lot of rules and no mercy. -- Joseph Campbell

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