Bitcoin faces biggest threat yet: a miner takeover (10)

The State 2014.06.17 20:49
NEW YORK - The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it. In recent weeks, a British-based "mining pool" called GHash has amassed nearly half of the Bitcoin computing power and has briefly gone over 50 percent.
COMPUTER, SEQUENCE, SPECULATOR, POOL, CALCULATION, FLUCTUATION, Svensson, I O Ltd., USA