cowandtea
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October 14, 2013, 02:24:02 AM Last edit: October 17, 2013, 12:43:37 PM by cowandtea |
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How do you know, maybe you are the real hacker Proof it please !!! I'm sorry but does it matter? The attack is over. If it turns out ghash.io was behind the attack what would any of you do? nothing. To be quite frank the attack was a plus for the network. BTCguild had far too much of the network hashing power in my opinion It matters, because cex.io is backed by ghash.io. I wouldn't put any more BTC into it then.
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Chronikka
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October 14, 2013, 02:31:58 AM |
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Reputable? Who cares if its reputable? All it takes is one disgruntled employee or a dedicated hacker to take control of the pool and do whatever they want with that power. Sorry but no pool should have 40% of the network hash power which btcguild has had in recent months. That is more dangerous than a few small pools being "not reputable"
Except BTC Guild hasn't been 40% for roughly 6 months. Maybe you should learn more about the actual network hashrate distribution instead of quoting shit from reddit/forums from blockchain.info's 24-hour charts. BTC Guild was only ONCE above 40%, and that was entirely due to ASICMINER not being setup for solo mining when they first started up. Never said you sustained 40% of the network hash rate I just said you had it. An attacker doesn't need to sustain that forever just long enough to do whatever he needs to do. I like Btcguild and I think eleuthria has done great things over there. But having so much of the network's hash power (and hence it's security) at one pool is not a good idea.
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"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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eleuthria
Legendary
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Activity: 1750
Merit: 1007
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October 14, 2013, 02:56:13 AM |
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Reputable? Who cares if its reputable? All it takes is one disgruntled employee or a dedicated hacker to take control of the pool and do whatever they want with that power. Sorry but no pool should have 40% of the network hash power which btcguild has had in recent months. That is more dangerous than a few small pools being "not reputable"
Except BTC Guild hasn't been 40% for roughly 6 months. Maybe you should learn more about the actual network hashrate distribution instead of quoting shit from reddit/forums from blockchain.info's 24-hour charts. BTC Guild was only ONCE above 40%, and that was entirely due to ASICMINER not being setup for solo mining when they first started up. Never said you sustained 40% of the network hash rate I just said you had it. An attacker doesn't need to sustain that forever just long enough to do whatever he needs to do. I like Btcguild and I think eleuthria has done great things over there. But having so much of the network's hash power (and hence it's security) at one pool is not a good idea. I didn't "have it" unless you're talking about 6 months ago. BTC Guild hasn't been above 32% of network hash rate since ASICMINER left. Hell, at this point referring to any public pool as a threat is losing sight of the larger picture. GHash.IO will pretty soon be the largest amount of network hash rate (now at 440TH/s, a massive jump in almost no time at all). ASICMINER is supposed to be putting up 500TH/s in the next 2 months as well. KnC is starting their own private pool as well. In about 3-6 months, you're probably looking at all the public pools *combined* not even representing 40% of the network.
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RIP BTC Guild, April 2011 - June 2015
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HellDiverUK
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October 14, 2013, 07:59:48 AM |
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Reputable? Who cares if its reputable? All it takes is one disgruntled employee or a dedicated hacker to take control of the pool and do whatever they want with that power. Sorry but no pool should have 40% of the network hash power which btcguild has had in recent months. That is more dangerous than a few small pools being "not reputable"
Except BTC Guild hasn't been 40% for roughly 6 months. Maybe you should learn more about the actual network hashrate distribution instead of quoting shit from reddit/forums from blockchain.info's 24-hour charts. BTC Guild was only ONCE above 40%, and that was entirely due to ASICMINER not being setup for solo mining when they first started up. Never said you sustained 40% of the network hash rate I just said you had it. An attacker doesn't need to sustain that forever just long enough to do whatever he needs to do. I like Btcguild and I think eleuthria has done great things over there. But having so much of the network's hash power (and hence it's security) at one pool is not a good idea. Just admit you were wrong, dumbass. You're just digging yourself deeper in to the hole you've made for yourself.
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Leehoya
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October 14, 2013, 12:17:33 PM |
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I guess it isnt ghash.io. Maybe just some raging kid and pointed his/her botnet to the pools.
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bee7
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October 14, 2013, 01:56:13 PM |
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GHash.IO will pretty soon be the largest amount of network hash rate (now at 440TH/s, a massive jump in almost no time at all).
I am not so sure. The other vendors (KnC, e.t.c.) are already started shipment or are about to start. I think that the most part of these new devices will be spread over other pools/solo mining. I am in no way associated with ghash.io apart from having 110Gh (120Gh as announced) bitfury device that is now connected to this pool. The pool have been DDoS'ed at the same time as other pools. For example, at some moment it lost approximately %50 of hashing power for more than three hours. I don't think that this was done intentionally to 'hide' the source of attack as the profits you could gain this way being a pool operator are close to zero. I think that the DDoS was made by some people wishing to even more escalate the panic on the markets that was caused by the SR shutdown.
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vm1990
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Activity: 1540
Merit: 1002
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October 14, 2013, 05:33:24 PM |
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i blame the US government.....
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Fiyasko
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Activity: 1428
Merit: 1001
Okey Dokey Lokey
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October 14, 2013, 05:38:46 PM |
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PROOF OR STFU WITH THE F.U.D!
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Paladin69
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October 15, 2013, 12:09:53 AM |
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This ghash.io keeps growing at an alarming rate. Who are they?
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pyra-proxy
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October 15, 2013, 12:12:04 AM |
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This ghash.io keeps growing at an alarming rate. Who are they?
private bitfury chip based mining pool right? Bitfury is shipping chips now so they are bringing, from what I understand, a significant amount of hash rate online as their orders arrive.
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bee7
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October 15, 2013, 01:09:40 AM |
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This ghash.io keeps growing at an alarming rate. Who are they?
private bitfury chip based mining pool right? Bitfury is shipping chips now so they are bringing, from what I understand, a significant amount of hash rate online as their orders arrive. Private? Not exactly. Every Metabank's client received the credentials to access this pool with a miner unit (Metabank is a company that built the russian version of miner with Bitfury chips). I believe that FAN (Ukraine) also does the same. I have no idea if punin does. Also when you buy a hash power from the cex.io you get an account at ghash.io. As an option, you may contact this pool admin and ask for an account (I have no idea what reasons he has to accept or reject a request). As for hash power growth speed, the agreement between Bitfury and foundry is 25 wafers a month AFAIK (this is approximately 270Th per batch). However, due to different spontaneous delays in the whole production chain this not achievable, but still the growth is really high
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juhakall
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October 18, 2013, 01:53:49 AM |
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This ghash.io keeps growing at an alarming rate. Who are they?
private bitfury chip based mining pool right? Bitfury is shipping chips now so they are bringing, from what I understand, a significant amount of hash rate online as their orders arrive. Private? Not exactly. Every Metabank's client received the credentials to access this pool with a miner unit (Metabank is a company that built the russian version of miner with Bitfury chips). I believe that FAN (Ukraine) also does the same. I have no idea if punin does. Also when you buy a hash power from the cex.io you get an account at ghash.io. As an option, you may contact this pool admin and ask for an account (I have no idea what reasons he has to accept or reject a request). As for hash power growth speed, the agreement between Bitfury and foundry is 25 wafers a month AFAIK (this is approximately 270Th per batch). However, due to different spontaneous delays in the whole production chain this not achievable, but still the growth is really high I'm pretty sure you can just sign up to cex.io and forget buying hashpower entirely. The same account credentials will work on ghash.io.
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bee7
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October 18, 2013, 01:57:07 AM |
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I'm pretty sure you can just sign up to cex.io and forget buying hashpower entirely. The same account credentials will work on ghash.io.
May be. I did not checked.
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tripppn
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October 18, 2013, 02:06:04 AM |
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i blame the US government.....
Yup!
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“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.” ― Frank Zappa
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wknight
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Activity: 889
Merit: 1000
Bitcoin calls me an Orphan
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October 21, 2013, 08:32:53 PM |
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Mining Both Bitcoin and Litecoin.
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Fiyasko
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Activity: 1428
Merit: 1001
Okey Dokey Lokey
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October 22, 2013, 12:23:32 AM |
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blame wknight, he's been renting ddos power from tor sites to try and drop the total network hashrate to make it easier for his secret mining pool of compromised computers to earn him more coins It's a shame that so many american's like to makeup bullshit to sling at others while they ignore their own countries downfalls Doesn't feel so good to listen to bullshit thats aimed towards your general direction now does it?
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MasterX
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November 04, 2013, 04:50:30 PM |
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This ghash.io keeps growing at an alarming rate. Who are they?
its them:
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| Donations: 1MegaXG1bd6mTEQCdAMjVzGexcYrF5LJKv |
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eleuthria
Legendary
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Activity: 1750
Merit: 1007
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November 04, 2013, 04:53:31 PM |
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This ghash.io keeps growing at an alarming rate. Who are they?
its them: cex.io doesn't make ghash.io grow. They're the same company. They already own that hashrate.
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RIP BTC Guild, April 2011 - June 2015
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MasterX
Member
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Activity: 88
Merit: 10
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November 04, 2013, 04:57:40 PM |
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This ghash.io keeps growing at an alarming rate. Who are they?
its them: cex.io doesn't make ghash.io grow. They're the same company. They already own that hashrate. i know its the same company, thats what/why i sayed. there probably adding up hashing power when available.
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| Donations: 1MegaXG1bd6mTEQCdAMjVzGexcYrF5LJKv |
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001sonkit
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June 13, 2014, 09:28:32 AM |
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This post needs a bump
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GEMINI ACCOUNT REVIEW - Source of Funds Request
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