Bitcoin Forum

• GHash reached over 51% and even more miners joining them, they are not cutting their hashrate as they promised, it doesn't matter even if they do cut the hashrate to 49% or whatsoever, they still have the possibility to reach / break 51% hashrate any time, same threat to bitcoin protocol, bitcoin now becomes GHash Coin
  https://i.imgur.com/UsTkUQ0.png&t=541&c=8hgcCNCCQlO_9Q
  
  Quote
  Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%.
  The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about.
  
• FBI's SR Seized coins contain 2 parts: 1: 30k bitcoins in the Silkroad website wallet (selling in this month) 2: 144k bitcoins seized from Ross Ulbricht (SR admin), FBI did already get the password (the fbi agents are not using the Brute-force password way, but a hammer), the 144k bitcoins sell will be put on the market very soon
• Mtgox lost at least 800k bitcoins, another 200k bitcoins will be sold in Bankruptcy procedure very soon
• China ban, it means no more crazy buy from Chinese, it's all west play now

Let's sum up how many coins here:
(30+144+800+200) * 1000 = 1174,000 bitcoins
if one bitcoin worths $1000, it means $1,174,000,000 dumps (not slowly small long time sells, but lasting dumps over 1 or 2 years, yes, 2015 & 2016)


neither expedia nor yahoo nor google can save the price, not even with Amazon, Ebay, Facebook, there are too many bitcoins, too many!
no matter how many companys join this "receive bitcoin & exchange to $$ immediately through bitpay/coinbase" or "receive bitcoin & exchange most of them to $$ immediately through bitpay/coinbase" won't work, why should any big company pay the bitcoin debt(1174,000k bitcoins) and keeps bitcoins as their revenue (GHash Coin)? it means giving out the company finance/life to the GHash, can you imagine GHash controlled google & yahoo & amazon?

all of this bad news is crashing and will totally crash the market, $6xx is the top bubble, we are now going to break $500, $400 very fast, $300 until $1xx $xx $x, after that, if bitcoin is not dead or abandoned at that time, maybe we will have a chance to start over again from around $0.1

The moon $1000 bubble bursted long time ago, fell to $3xx, dead cat bounce to $8xx, we fell to $4xx, dead cat bounce to $6xx ... False "to da moon" hopes are around but at the end, the price will finally fall to $0.x

failling why are u still here in forums? since price will be cheaper.. i suggest u keep this to yourself? so that u can scoop our coins alone and not us... right? hahah only dumb ass shit hole fools will believe u

falllling  >>  Newbie  Date Registered:  >>> May 27, 2014, 08:47:48 AM     Activity: 28  << wow that must be USEFULL  info.




H

Excellent buy opportunity, thanks for pointing that out op.

I was hoping for a bigger dip than this.

People seem to be panicking a lot less lately...

Be careful what you wish for. I think this dip went just as low as it could go without starting to get very bearish. It touched on the trend line, the fib line, the bottom of a penant during this rally, the peak of the previous rally in April, a 3D ema, and a 1W ema.  I actually would have preferred if it only went to $560 or $570  (but did the same volume or greater).

So it did reach over 51% of the Network Hash Rate after all
I was wondering if you have a screenshot of that I see 49% now yours is 50 so someone must have caught the 51% moment
Before you all start trolling on the newbie 49% atm so its plausible it hit 51 he has a plausible point
https://blockchain.info/pools?timespan=24hrs

48% or 49% or 51% doesn't matter, its the same threat, you saw the quote about double spend rate, GHash also has the capability to break 51% at any moment they want, cut hashrate or not, it's all depends on their control & their wishes.
you tell me, will big companys put their money on the GHash coin?

Ghash are nowhere near 50%. Look here http://www.bitcoinwatch.com/

LOL @ this thread.

Indeed!!!!  :D :D :D

Just now :

http://amaelie.fr/external/51.png

Looks like you wanted to buy some cheap bitcoin, looks like bitcoin price went up instead :)

The answer to all this is... behold... Ghash is Deepbit!!!!

https://i.imgur.com/Pe280RU.png

They tricked me I hodld!

Considering GHash is a business and the primary goal for a business is to grow they can only limit themselves so much before it starts hurting, question is do they sell out and give control or keep their promise to have BTC best interest at hand.

Even if BTC was dumped, it would bounce back in no time, there's just so much belief in the concept that I'd almost call it a cult-like following. Not to mention the value of BTC doesn't effect what BTC actually is - something people often forget when prices 'crash'

Where can I check the Ghash hashing power percent in real time?
Thanks

LOL @ the TROLL

I like the etc. at the end of the title. He's too lazy to troll with passion today, bless him.

51%, happened before, no effect
Gox? over
China? silent
SR...could cause price drop if buyer sell it on market.
Cant see why would bitcoin be dead  because of it all?

Ghash.IO is now at about 45% (6 hours avg).
https://blockchain.info/pools?timespan=6hrs

MtGox is history.
SR is history, new markets have opened that are way bigger than SR ever was. (so I've heard)
China is making profit on BTC, they wont ban  :)

Ghashio has little incentive to bring down bitcoin as that is their business. Still all miners on ghash.io should switch.

To the grooooooound  ;D

yes bitcoin is dead everybody please dump your 0.1 mBTC and go to 4chan or wherever you all came here from kthnxbye

There is a remote chance that ghash would destroy btc just for laughs, but I think like in everything in this world money comes first. Why would they cut the branch they are sitting on?

Yes, bitcoin is dead, sell all your coins to me!!! 

Not sure if you are checking the indicators but this so called 'dip' that you are talking about appears to be just beginning. Its diving down with its mouth wide open.

Traders are having a great time though! :-)

Yet they continue to allow people to sign up for their pool and offer no disincentives like raising their fees.

How is it possible that they are only seeing short term profit over long term gains? What is wrong with them?

While I agree Ghash.io's large share of the network is a potential long term risk to bitcoin the fact that bitcoin is not down even more on the news of the sale of the silk road coins is actually encouraging.

China's monthly "bans" of bitcoin can no longer be counted on to move the market.

A government entity could seize Ghash and destroy Bitcoin

This is not funny.

This is all I have to say.

 https://i.imgur.com/1YNsEHW.png  (https://cex.io/r/0/seljo/0/)

I agree we are facing problems, and we will probabilly see a fall, but I doubt it will be for less than 300.All these things can and will be solved one way or another, like have been done in the past, and we will be back to normalization(hyperdeflation).

The problem is the "back to normalization" process can take much time and make many people bleed

See you at $0.1

Got to love fear mongering

says the guy who told everyone to BAIL THE F OUT right before the rally

So the end of bitcoin trolling begins again...

Ghash was close to 51% before and it might happen again later as long as no other pool will offer the same services as GHASH

China has been dead for a long time already

the SR and MtGox coins have already been calculated in the price.

Bitcoin will not die from these things. In fact it adds strength to bitcoin because bitcoin survives all this crap and the price only drops for a short while and will skyrocket again soon.

PETAMINE (1150 TH/s) is considering joining P2POOL
http://www.reddit.com/r/Bitcoin/comments/282j4m/petamine_1150_ths_is_considering_joining_p2pool/

Does anyone have data on double spends that go back further than this?: https://blockchain.info/double-spends (https://blockchain.info/double-spends)

This will be such a good news, i dotn know why miners or miner companies keep wannting to be at gigahash, like if they would receive a reward being there.

You have a time machine that travels backwards in time?

take me back to feb 11 2009 please

Sure just send me 10k BTC for your ticket (I can't really take you back in time)

Its not even a focus fire, just randomly listed everything ;D

What is the latest status on 51%?

Did miner move elsewhere and they don't care?

It's down to 30% now

https://blockchain.info/pools

Yea ghash is lower. But again, I believe many people here would agree with me, that this is not a big threat. Ghash would have to have malicious intent. 51% just increases the likely of getting the next block (not messing with previous blocks).

and if they did do malicious double spends, everyone would take notice (most likely mining elsewhere). Pools might join to combat etc. And I think ghash would not attempt this.