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Title: Spliting ghash.io? Post by: yakuza699 on June 10, 2014, 08:32:38 PM Do you think that spliting ghash.io in two different pools would be a good idea to protect bitcoin from 51% attack?
https://i.imgur.com/DSo0AC3.png Title: Re: Spliting ghash.io? Post by: davidorentol on June 10, 2014, 09:53:15 PM :o :o :o
http://prikachi.com/images/217/7389217j.jpg last 24 http://prikachi.com/images/221/7389221w.jpg Title: Re: Spliting ghash.io? Post by: Newar on June 11, 2014, 01:54:34 PM Do you think that spliting ghash.io in two different pools would be a good idea to protect bitcoin from 51% attack? What would be the point if the same operator controls them both? Title: Re: Spliting ghash.io? Post by: philipma1957 on June 11, 2014, 02:57:01 PM Do you think that spliting ghash.io in two different pools would be a good idea to protect bitcoin from 51% attack? What would be the point if the same operator controls them both? I have to agree with this. I also wish I could convince bitminter or btcguild to run a solo mining pool. I have done quite a bit of statistical study and if you have gear at 2 watts per gh running some of it at solo mining is statistically better then running it at merged pool mining. this is true for the next 140 days or so. My calculations are based on .15 cents a kwatt 650 usd a coin and a 15% diff growth. If you have 2 watt or better a gh and run for the next 140 days solo mining it is about 2x better payout then merged pool . Why say this here?, because this should really cut into ghash.io 's mining size. since you are solo mining you do not need a big pool just an honest operator. this is the breakdown that shows 2 watt a ghash is better off at solo mining for the next 142 days https://bitcointalk.org/index.php?topic=27062.msg7251380#msg7251380 obviously you may not hit a block.. but it is like betting a 3 digit number and getting over 1600 to one odds. Anyone that understands game theory should be begging top pools to run a solo pool .. It is really frustrating to get a pool operator to do this when it certainly makes sense for the operator and miners. Title: Re: Spliting ghash.io? Post by: OROBTC on June 11, 2014, 04:23:13 PM ...
It looks like I may not understand mining pools, but if: -- Discus Fish -- BTC Guild -- Eligius -- Slush In all or in part made it easy and somewhat profitable for us prospective cloudminers, they would get LOTS of BTC joining in... GHash.IO problem solved! What about it, guys? Give us a welcome, and BTC capital would pour in! Capital goes where it is welcomed! Title: Re: Spliting ghash.io? Post by: eleuthria on June 11, 2014, 11:42:54 PM *snip* stupid bullshit here So your suggestion is another pool(s) should spend likely tens of millions building yet another massive private warehouse of mining chips and then RIP OFF CUSTOMERS like GHash does by charging more in BTC than the hash rate will ever produce? "Cloud miners" are perfectly able to mine on other pools. GHash.io isn't cloud mining, it's more like putting money into bonds with negative interest rates. |
