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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3933482 times)
organofcorti
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June 17, 2014, 09:50:57 PM
 #16941


Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.


Every pool has broken the 50% barrier every block. If you don't get the next block, then you're still at 50% for two blocks. On a daily average, Ghash never got over 50% of the network. On a 160 moving average, GHash.IO might have just touched 50% once for an hour or so.

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Im guessing the real short answer is You can type but cannot read

http://www.cryptocoinsnews.com/news/bitcoin-mining-pool-ghash-io-is-unapologetic-risk-theoretical-51-attack

You should try it or you are self proving your theory of short sight

I have no idea what you mean. What does that article have to do with anything I wrote?

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nottm28
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June 17, 2014, 10:40:35 PM
 #16942

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Human nature is to be greedy alas. Selflessness is only taught (and by a diminishingly few parents).

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June 17, 2014, 10:41:32 PM
 #16943

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Human nature is to be greedy alas. Selflessness is only taught (and by a diminishingly few parents).

You mean "selfLESSness" right?

edit: hmm, you must've edited right before I clicked quote  Grin

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Donkeycongo
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June 17, 2014, 10:49:03 PM
 #16944

Not so much, GHash has broken the 50% barrier for sustained periods of time. The old news was they were a threat to but promised never to grow that much. Remember the public statements from them and putting a halt to independent miners joining? The unwritten news is they lied through their teeth and continued to add hashing power to their private stash. You do recall they were already caught once performing a double spend attack, correct? It is new news, a current problem if they continue unchecked.

[/quote]

Every pool has broken the 50% barrier every block. If you don't get the next block, then you're still at 50% for two blocks. On a daily average, Ghash never got over 50% of the network. On a 160 moving average, GHash.IO might have just touched 50% once for an hour or so.

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.
[/quote]

Im guessing the real short answer is You can type but cannot read

http://www.cryptocoinsnews.com/news/bitcoin-mining-pool-ghash-io-is-unapologetic-risk-theoretical-51-attack

You should try it or you are self proving your theory of short sight
[/quote]

I have no idea what you mean. What does that article have to do with anything I wrote?
[/quote]
Did you read it?
It kinda says along with the 1st article posted that GHash has broken the 51% before for an extended period and the power been was used maliciously which defies your short answer and view of many - maybe most miners
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June 17, 2014, 10:52:56 PM
 #16945

Short answer - no, GHash.IO hasn't "broken the 50% barrier". I'd be more worried abut the fact it even got to 40% of the network. It tells me that many - maybe most - miners are very short sighted.

Human nature is to be greedy alas. Selflessness is only taught (and by a diminishingly few parents).

You mean "selfLESSness" right?

edit: hmm, you must've edited right before I clicked quote  Grin

Nah - you read it wrong Smiley

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organofcorti
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June 17, 2014, 10:54:39 PM
 #16946

Did you read it? cause it kinda says that GHash has broken the 50% before

Yes, but they're wrong. Or GHash.IO broke 50% in the same way that other pools have - by solving one block out of two. Or for an hour or two. But not for any significant length of time. The most they've done in a day is 47%, and corrected for 'luck' the best they've done for in any 160-block period is 46% .

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Donkeycongo
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June 18, 2014, 02:14:37 AM
 #16947

Did you read it? cause it kinda says that GHash has broken the 50% before

Yes, but they're wrong. Or GHash.IO broke 50% in the same way that other pools have - by solving one block out of two. Or for an hour or two. But not for any significant length of time. The most they've done in a day is 47%, and corrected for 'luck' the best they've done for in any 160-block period is 46% .

didn't they do the double spend on a gambling site?
organofcorti
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June 18, 2014, 03:14:56 AM
 #16948

Did you read it? cause it kinda says that GHash has broken the 50% before

Yes, but they're wrong. Or GHash.IO broke 50% in the same way that other pools have - by solving one block out of two. Or for an hour or two. But not for any significant length of time. The most they've done in a day is 47%, and corrected for 'luck' the best they've done for in any 160-block period is 46% .

didn't they do the double spend on a gambling site?

I don't know. Regardless, you don't need 51% of the network to double spend: https://bitcoil.co.il/Doublespend.pdf

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Donkeycongo
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June 18, 2014, 03:42:43 AM
 #16949

 Cry Cry Cry Cry Cry Cry Cry Cry Just noticed the network Diff is up to 13.5G up from 11.8G,, DOH'  Cry Cry Cry Cry Cry Cry Cry Cry Cry Cry Cry Cry Cry Cry Cry
kkurtmann
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June 18, 2014, 05:21:53 AM
 #16950

fun times ahead. have you seen what's coming up the pipe?

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
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June 18, 2014, 08:24:58 AM
 #16951

maybe with the difficulty going up and up in future, the bitcoin system will come back to what it was meant to be in the first place,
and that is the ordinary smaller miners, but hey what do i know..being a newbie lol  Cheesy Cheesy Cheesy
Donkeycongo
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June 18, 2014, 08:40:18 AM
 #16952

maybe with the difficulty going up and up in future, the bitcoin system will come back to what it was meant to be in the first place,
and that is the ordinary smaller miners, but hey what do i know..being a newbie lol  Cheesy Cheesy Cheesy

nar that wont happen sorry to say,, to many dollars invested in hardware now

I just want this round to end so I can see what my /round pay is
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June 18, 2014, 01:16:53 PM
 #16953

At the moment payout for actual round is on 30% of last value?! We got by suprise 3 times higher hashrate in pool?
Donkeycongo
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June 18, 2014, 01:47:45 PM
 #16954

Holy bat crap radioactive man, we just broke 4000 TH
bitcoinbelieve
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June 18, 2014, 02:24:23 PM
 #16955

my earning is cut by half Embarrassed
Donkeycongo
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June 18, 2014, 02:48:05 PM
 #16956

my earning is cut by half Embarrassed

If its on the estimate, it could just be the normal glitch thing the estimate has been doing for a while, hash power is up on the of late normal rise we get, it was 4000 th for a little then it dropped to 3800 now its back up to 3900 atm.

I need more hash powers
sjc1490
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June 18, 2014, 05:34:00 PM
 #16957

 ???WTF??? go to check and all of a sudden all this hardware is pointed here..... so much for one of the best kept secrets as a place to mine.

BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
mstrongbow
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June 18, 2014, 05:36:29 PM
 #16958

Dayum! Well this sux! Hopefully the extra hash power we will find at least 30% MORE blocks as IF this keeps up and my estimated reward stays as is...I WILL be finding another "small" pool to mine with, ugh, frustrating!

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June 18, 2014, 05:41:20 PM
 #16959

15 hrs since last found block, it's about time ..

I am so clever that sometimes I don't understand a single word of what I am saying.
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June 18, 2014, 05:44:37 PM
 #16960

15 hrs since last found block, it's about time ..

15 hours aint nothing  Wink Just had a 21 hour block not 3 days ago and we were only at like 3.4mil

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