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Question: What type of pool payouts do you prefer?
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Author Topic: [40+ PH] SlushPool (slushpool.com); World's First Mining Pool  (Read 3853667 times)
Mentalfloss
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June 16, 2014, 10:33:00 PM
 #16941

"The sky is falling!"

http://arstechnica.com/security/2014/06/bitcoin-security-guarantee-shattered-by-anonymous-miner-with-51-network-power/
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bspurloc
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June 17, 2014, 02:35:40 AM
 #16942


old news of falling skies!

OMG what with our luck! slush broke something! hope he fixes it. omg the hash rate, omg the pay outs, omg!
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June 17, 2014, 02:37:45 AM
 #16943

I knew it would happen.
I had a 2 hour power cut this morning 16 hours into the block.
Of course the block was found after 18 hours and I received 0 reward.
Doesn't seem fair that I used 16 hours worth of electricity for nothing and yet somebody who hopped in to Slush one hour before the block got a full reward  Undecided

the only thing u should be mad at is the person who jumped in 1 hour before, HAD POWER and u did not.
Otherwise there are other pools you can join to alleviate this booboo
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June 17, 2014, 02:40:51 AM
 #16944

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

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Cloud hashing startles me, how and why would a company buy all the hardware and infrastructure just to sell the hash power at less than what the coins are worth, if they are selling the hash pwr at higher rate than the coins are worth, then why would someone pay for the hash pwr.

Am I missing something here, or is it a gamble on the company selling the power that the hardware is directed at a pool and it has a stupid long round/s?


I'm thinking the money people are sending them is paying for the Equipment and power to run them, all the other stuff doesnt much matter. They can then skim 2% of the hashing power from each machine and go completely unnoticed to pay for a few Porsche's.
Donkeycongo
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June 17, 2014, 07:44:08 AM
 #16945

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

Searing


Cloud hashing startles me, how and why would a company buy all the hardware and infrastructure just to sell the hash power at less than what the coins are worth, if they are selling the hash pwr at higher rate than the coins are worth, then why would someone pay for the hash pwr.

Am I missing something here, or is it a gamble on the company selling the power that the hardware is directed at a pool and it has a stupid long round/s?


I'm thinking the money people are sending them is paying for the Equipment and power to run them, all the other stuff doesnt much matter. They can then skim 2% of the hashing power from each machine and go completely unnoticed to pay for a few Porsche's.

Yeah it didn't seem there was a fair exchange and a rort had to be somewhere. Combine that with CEX.io only being able to point the miners at GHash pool, seems like an easy way government to get into mining and fook it up for us. Even if GHash lost control of their pool or sold it could fook it. Having the hardware in the hands of individual miners seems the only way for it not to go that way
Mentalfloss
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June 17, 2014, 11:53:54 AM
 #16946


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.
organofcorti
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June 17, 2014, 12:34:56 PM
 #16947


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 block 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.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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Donkeycongo
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June 17, 2014, 05:47:07 PM
 #16948


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
organofcorti
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June 17, 2014, 09:50:57 PM
 #16949


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?

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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nottm28
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June 17, 2014, 10:40:35 PM
 #16950

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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mstrongbow
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June 17, 2014, 10:41:32 PM
 #16951

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
 #16952

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
nottm28
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June 17, 2014, 10:52:56 PM
 #16953

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
 #16954

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
 #16955

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
 #16956

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
 #16957

 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
 #16958

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

https://www.buytrezor.com?a=55c37b866c11   well sir, I like it!
tommymal83
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June 18, 2014, 08:24:58 AM
 #16959

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
 #16960

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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