Donkeycongo
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June 17, 2014, 10:49:03 PM |
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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-attackYou 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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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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nottm28
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June 17, 2014, 10:52:56 PM |
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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 Nah - you read it wrong
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organofcorti
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Poor impulse control.
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June 17, 2014, 10:54:39 PM |
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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% .
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Donkeycongo
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June 18, 2014, 02:14:37 AM |
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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?
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organofcorti
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Merit: 1007
Poor impulse control.
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June 18, 2014, 03:14:56 AM |
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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
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Donkeycongo
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June 18, 2014, 03:42:43 AM |
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kkurtmann
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June 18, 2014, 05:21:53 AM |
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fun times ahead. have you seen what's coming up the pipe?
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tommymal83
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June 18, 2014, 08:24:58 AM |
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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
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Donkeycongo
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June 18, 2014, 08:40:18 AM |
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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 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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Mixim
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June 18, 2014, 01:16:53 PM |
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At the moment payout for actual round is on 30% of last value?! We got by suprise 3 times higher hashrate in pool?
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Donkeycongo
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June 18, 2014, 01:47:45 PM |
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Holy bat crap radioactive man, we just broke 4000 TH
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Donkeycongo
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June 18, 2014, 02:48:05 PM |
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my earning is cut by half 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
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sjc1490
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June 18, 2014, 05:34:00 PM |
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???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.
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BTC ADDRESS: 12Qwd8VKLQ4xF44ytHXBpCAKuF9VknG4X2
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mstrongbow
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3D Printed!
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June 18, 2014, 05:36:29 PM |
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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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zwickl
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Experience is simply the name we give our mistakes
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June 18, 2014, 05:41:20 PM |
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15 hrs since last found block, it's about time ..
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I am so clever that sometimes I don't understand a single word of what I am saying.
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mstrongbow
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3D Printed!
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June 18, 2014, 05:44:37 PM |
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15 hrs since last found block, it's about time ..
15 hours aint nothing Just had a 21 hour block not 3 days ago and we were only at like 3.4mil
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nottm28
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June 18, 2014, 06:05:18 PM |
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Could be - or just could be people adding new kit - like me - added 3.6 TH/s to slush today. It's painful when you add new kit during a drought - but I'm patient
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mstrongbow
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3D Printed!
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June 18, 2014, 06:09:37 PM |
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Could be - or just could be people adding new kit - like me - added 3.6 TH/s to slush today. It's painful when you add new kit during a drought - but I'm patient Most likely the extra hashpower is from failovers BUT yes, those mining here SHOULD increase their hashrate as I have but to have that great of an increase overnight is definitely NOT miners adding extra power...definitely failover and/or slush pool received some immigrants from Ghash.io. On another note...slush pool "size" has supposedly dropped 1% according to https://blockchain.info/pools, we were hovering at 4% for the last couple weeks, very strange.
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