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Author Topic: GHash.IO took 10% of total hash power, what is this pool?  (Read 15608 times)
johnyj (OP)
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August 24, 2013, 11:20:16 PM
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84TH, who are operating behind those hash power?

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punin
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August 25, 2013, 01:20:00 AM
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84TH, who are operating behind those hash power?
We're Bitfury Group. We love bitcoin and we mine for fun Smiley

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GenTarkin
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August 25, 2013, 06:22:12 PM
 #3

So....yeah its bitfury private pool...

Why isnt this hardware in hands of the customers like its supposed to be?!
Why isnt this hardware part of 100TH like it should have been?!

https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

Theyve made a shit ton of BTC, just self mining?!

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bitfury
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August 26, 2013, 12:35:49 AM
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So....yeah its bitfury private pool...

Why isnt this hardware in hands of the customers like its supposed to be?!
Why isnt this hardware part of 100TH like it should have been?!

https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

Theyve made a shit ton of BTC, just self mining?!

The hardware in pool ARE in hands of customers.

Chips were split after production and each party decided to do own assembly - that's why different parts of chips had different success ratios. Unfortunately problems happened with 100TH mine assembly. But - more chips will be a bit later and it would be quickly restored! You should understand that it is really hard to produce equipment, and that causes delays, unpredictable.

Also after all of that experience - likely we won't do any preorders and work only with stuff we have in stock. Working with expectations, _especially_ where days count and production can go wrong any time is bad experience.
organofcorti
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August 29, 2013, 10:34:46 PM
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So....yeah its bitfury private pool...

Why isnt this hardware in hands of the customers like its supposed to be?!
Why isnt this hardware part of 100TH like it should have been?!

https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC

Theyve made a shit ton of BTC, just self mining?!

The hardware in pool ARE in hands of customers.

Chips were split after production and each party decided to do own assembly - that's why different parts of chips had different success ratios. Unfortunately problems happened with 100TH mine assembly. But - more chips will be a bit later and it would be quickly restored! You should understand that it is really hard to produce equipment, and that causes delays, unpredictable.

Also after all of that experience - likely we won't do any preorders and work only with stuff we have in stock. Working with expectations, _especially_ where days count and production can go wrong any time is bad experience.



Bitfury, could you provide an API for the pool data? I'd like to be able to include your pool in the weekly pools stats.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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ecliptic
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August 30, 2013, 05:59:44 PM
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I don't understand, what % of that is bitfury, the individual, - who if he wants to at ALL, is the person and soon to be a billionaire's chips?

Nobody can ever match the owner of the ASIC for $/gh

all chips you buy are marked up several orders of magnitude in $/chip
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August 31, 2013, 11:19:24 AM
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I don't understand, what % of that is bitfury, the individual, - who if he wants to at ALL, is the person and soon to be a billionaire's chips?

Nobody can ever match the owner of the ASIC for $/gh

all chips you buy are marked up several orders of magnitude in $/chip

indeed

that's why i havent bought any asics

the only exceptions would be rd 1 and (i think?) rd 2 of avalon.  rd 1 was cheap because it was insanely speculative

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November 09, 2013, 10:13:42 AM
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I don't know but the phrase "PRIVATE Bitfury ASIC mining pool" ... just give me the creeps !

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PatMan
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November 09, 2013, 01:17:56 PM
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I don't know but the phrase "PRIVATE Bitfury ASIC mining pool" ... just give me the creeps !


This article explains quite well about ghash.io:

https://bitcointalk.org/index.php?topic=327767.0

You are right to have the creeps.

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MWNinja
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November 09, 2013, 02:49:59 PM
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It's now one of the biggest pools, come join us we have cookies.
PatMan
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November 09, 2013, 06:13:15 PM
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It's now one of the biggest pools, come join us we have cookies.

Not a chance. Did you even read the link?

"When one person is deluded it is called insanity - when many people are deluded it is called religion" - Robert M. Pirsig.  I don't want your coins, I want change.
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revilo
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November 27, 2013, 11:54:46 PM
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Too many bitcoins with one company...
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