In Pictures: Adventures in the world of bitcoins

Here are the lessons learned after spending 6 months experimenting with multiple bitcoin services

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GHash.io The mining shares in CEX.IO are fulfilled by computers owned by the company and contributing to the mining pool at GHash.io. A mining pool allows many small contributions to be aggregated into the solution of a calculation unlocking a bitcoin block, together with its reward of 25 bitcoins shared among the miners.

GHash.io uses both its own hardware and that of individuals working remotely with their own hardware. It is a powerful source of control for bitcoin and has recently caused concern it may have aggregated enough control to exploit a well-known defect in the bitcoin protocol to generate fraudulent transactions.

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In Pictures: Adventures in the world of bitcoins

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