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Bitcoin => Press => Topic started by: BitcoinBoard on January 09, 2014, 05:55:40 PM



Title: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: BitcoinBoard on January 09, 2014, 05:55:40 PM
http://bitcoinboard.net/ghash-io-will-prevent-getting-51-network-hashrate/



Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: cr1776 on January 09, 2014, 06:46:55 PM
At least they replied to the issue beforehand and their two moves - allowing miners to point elsewhere and no new registrations - are a step in the right direction.


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: Colin Miner on January 09, 2014, 06:51:42 PM
Quote
Micro-payments aggregation, which will enable users to receive small
amounts of Bitcoins from third parties.
Off chain transactions, nice move!


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: BitDreams on January 10, 2014, 12:27:10 AM
First class response.


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: empoweoqwj on January 10, 2014, 01:56:14 AM
Of course ghash.io would do something about it. Like any mining pool would want to bring down the network, their source of massive income ........


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: oakpacific on January 10, 2014, 02:37:32 AM
Of course ghash.io would do something about it. Like any mining pool would want to bring down the network, their source of massive income ........

Still we couldn't just count on the good will of the mega pool like we did every time in the past(Deepbit, BTC Guild...), it's intriguing why miners keep flocking to the biggest pool and whether something could be done about it.


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: empoweoqwj on January 10, 2014, 02:54:56 AM
Of course ghash.io would do something about it. Like any mining pool would want to bring down the network, their source of massive income ........

Still we couldn't just count on the good will of the mega pool like we did every time in the past(Deepbit, BTC Guild...), it's intriguing why miners keep flocking to the biggest pool and whether something could be done about it.

They need some stiff competition .... I agree having one massive pool isn't a good idea. Other people need to step up and run a decent service with low fees.


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: relm9 on January 10, 2014, 03:05:13 AM
Of course ghash.io would do something about it. Like any mining pool would want to bring down the network, their source of massive income ........

Still we couldn't just count on the good will of the mega pool like we did every time in the past(Deepbit, BTC Guild...), it's intriguing why miners keep flocking to the biggest pool and whether something could be done about it.

Do we know how much hash power is from CEX.io mining contracts (which go through ghash.io) vs independent miners?


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: Bitcoin Doctor on January 10, 2014, 03:11:00 AM
Of course ghash.io would do something about it. Like any mining pool would want to bring down the network, their source of massive income ........

Still we couldn't just count on the good will of the mega pool like we did every time in the past(Deepbit, BTC Guild...), it's intriguing why miners keep flocking to the biggest pool and whether something could be done about it.

Do we know how much hash power is from CEX.io mining contracts (which go through ghash.io) vs independent miners?

I would love to know the answer to this as well....


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: oakpacific on January 10, 2014, 03:38:44 AM
Of course ghash.io would do something about it. Like any mining pool would want to bring down the network, their source of massive income ........

Still we couldn't just count on the good will of the mega pool like we did every time in the past(Deepbit, BTC Guild...), it's intriguing why miners keep flocking to the biggest pool and whether something could be done about it.

Do we know how much hash power is from CEX.io mining contracts (which go through ghash.io) vs independent miners?

I would love to know the answer to this as well....

Yup, if Ghash.io really wants to help the network, it would be a good first step to publish such data....


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: plex_brahial on January 12, 2014, 12:24:44 PM
At least they had a good responce to problem. I am glad that people left the pool as it got closer to the 51%


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: daviducsb on January 12, 2014, 09:18:58 PM
enlightened self interest often works... to me a lot of the other threads discussing this topic are too doomsday-prone

maybe some of the bigger VC's should devote some $$ to helping develop viable alternatives to this large miner pool

also, in a worst case , we do a fork

in other words, while the problem needs to be addressed, it is not the be all end all some are making it out to be

onwards and upwards!


Title: Re: [2014-01-09] Ghash.io Will Prevent Getting 51% of the Mining Network Hashrate
Post by: empoweoqwj on January 13, 2014, 03:39:23 AM
enlightened self interest often works... to me a lot of the other threads discussing this topic are too doomsday-prone

maybe some of the bigger VC's should devote some $$ to helping develop viable alternatives to this large miner pool

also, in a worst case , we do a fork

in other words, while the problem needs to be addressed, it is not the be all end all some are making it out to be

onwards and upwards!

Good ideas!

People love a good panic ... I'm sure half of them just want to cause panic selling and buy some cheap coins ;)