Surprise Me!

Bitcoin 'mining Pool' Promises To Stay Small

2014-07-17 74 Dailymotion

The largest group of bitcoin miners, which maintains and processes transactions in the digital currency, is promising to avoid majority control of the currency as a temporary measure to maintain the payment system's credibility. Mining pool GHash. IO, which is controlled by a British company, CEX.IO Ltd., said that it would not amass more than 40 percent of the processing power of the bitcoin system.