That’s what a company called CEX.io discovered yesterday when it abruptly stopped accepting new machines
into its consortium of bitcoin miners. The consortium — known in bitcoin
circles as a pool — was running such a large portion of the worldwide
computer network that oversees bitcoin, people were beginning to worry
that CEX could corner the market and gain control of the digital
currency. The whole idea behind bitcoin is that isn’t controlled by any
one central authority.
Now that the CEX has pulled back on the throttle, the bitcoin world can rest a little easier.
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