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MemberActivity: 72Merit: 10 Re: GHash.IO has 51% of the network now June 13, 2014, 11:57:14 AM #10



While it's CLOSE to 50%, it is NOT the actual hashrate.



https://blockchain.info/charts/hash-rate



This is the actual hashrate, currently at 93,507,419 GH/S, or 93.5 Petahash.



CEX.IO is reporting 40.13...



Lemme do the math for ya.



43.1%



Up there? Hell yeah... But is the sky falling? No. Not yet, but very close.



I've had enough FUD for one day. Please don't confuse your charts. While it's easy to scream "It's All CEX's Fault" and hit panic mode, it's consumers, not miners, on Ghash right now.



Consumers consume, Miners protect their resources. You DO know that chart isn't a representation of the total hashrate available, it's just the percentage of blocks found.While it's CLOSE to 50%, it is NOT the actual hashrate.This is the actual hashrate, currently at 93,507,419 GH/S, or 93.5 Petahash.CEX.IO is reporting 40.13...Lemme do the math for ya.43.1%Up there? Hell yeah... But is the sky falling? No. Not yet, but very close.I've had enough FUD for one day. Please don't confuse your charts. While it's easy to scream "It's All CEX's Fault" and hit panic mode, it's consumers, not miners, on Ghash right now.Consumers consume, Miners protect their resources.