Ghash.io owner might have more then 1 million bitcons

[JakeMC]

Nobody knows who owns ghash.io, but it seems like there is 1 or more privat persons behind it.
Given the fact that every day 3500 Bitcoins are being mined and ghash.io doing about 25% of it http://blockchain.info/pools it means they earn every day 875 Bitcoins, thats 315.000 a year, given the fact that we have the same amount of Bitcoins being produced the next 3 years, this person(s) will own more then 1 million Bitcoins in 3 years.

I even read on this forum that ghash.io tried even to manipulate a bitcoin casino with not confirmed but sent bitcoins.
Thats something which should scare the Bitcoin community. At least it seems like not so difficult to own a hugh percentage of mining power, when a government or an organisation like the NSA starts to do their own mining pools, they could easily have more then 50% even. I think thats a question of time when it will

[troner]

Ghash.io will hardly keep its hashpower share in the long term. And they must pay out shareholders of course....
Its position doesn't worry me at all.

[Martijnvdc]

How can he own those coins? Doesn't it get sent to the investors right away?

[JakeMC]

Which shareholders you are talking about?
If you mean the shareholder option as "Alibi" for few weeks now. In real they should own about 99.9% of their hashpower themselves.
Its like they don´t want to be significant more then 25% of the total hashpower because this will noticeable and the community might think about how to handle this, but I am pretty sure they have the ressource for having even a lot more then 25% hashpower.

At least its possible to handle this kind of abusing with a kind of "network limit for hashing"
This way you could prevent big hashing networks and prevent the whole community even for bigger dangers like the NSA with their own hashing datacenter.

[Martijnvdc]

If it's a mining pool then the miners get their share, don't they?
It's not like the owner is not paying anyone, right?

[JakeMC]

You can state that you are a mining pool, but own about 99.9% hashpower yourself. That the case with ghash.io

[Martijnvdc]

Hold on... Where did you read he owns 99.9% of the hashing power himself?

[AuroraHF]

Hold on... Where did you read he owns 99.9% of the hashing power himself?

I believe it's not 99.9%, but a large amount of hashing power is from CEX.IO, which is owned by the same company as GHASH.IO.

[Khoder]

Does anyone who has cex.io hashing power want to donate me a few gh/s vouchers?

I would love you for ever.. and so would my family

[champsak]

Nobody knows who owns ghash.io, but it seems like there is 1 or more privat persons behind it.
Given the fact that every day 3500 Bitcoins are being mined and ghash.io doing about 25% of it http://blockchain.info/pools it means they earn every day 875 Bitcoins, thats 315.000 a year, given the fact that we have the same amount of Bitcoins being produced the next 3 years, this person(s) will own more then 1 million Bitcoins in 3 years.

I even read on this forum that ghash.io tried even to manipulate a bitcoin casino with not confirmed but sent bitcoins.
Thats something which should scare the Bitcoin community. At least it seems like not so difficult to own a hugh percentage of mining power, when a government or an organisation like the NSA starts to do their own mining pools, they could easily have more then 50% even. I think thats a question of time when it will

Ghash.io isnt just one person. Anyone can mine there. it's a Pool. Alot of the hashing power are users pointing their physical miners to Ghash

[Martijnvdc]

Nobody knows who owns ghash.io, but it seems like there is 1 or more privat persons behind it.
Given the fact that every day 3500 Bitcoins are being mined and ghash.io doing about 25% of it http://blockchain.info/pools it means they earn every day 875 Bitcoins, thats 315.000 a year, given the fact that we have the same amount of Bitcoins being produced the next 3 years, this person(s) will own more then 1 million Bitcoins in 3 years.

I even read on this forum that ghash.io tried even to manipulate a bitcoin casino with not confirmed but sent bitcoins.
Thats something which should scare the Bitcoin community. At least it seems like not so difficult to own a hugh percentage of mining power, when a government or an organisation like the NSA starts to do their own mining pools, they could easily have more then 50% even. I think thats a question of time when it will

Ghash.io isnt just one person. Anyone can mine there. it's a Pool. Alot of the hashing power are users pointing their physical miners to Ghash

Exactly as i thought.
Also, where's the proof of him trying to manipulate a bitcoin casino??

[realitycheck]

The ghash.io are the same people as CEX.io right?

[uk1]

The ghash.io are the same people as CEX.io right?

yes

[wijawara]

not defending cex.io, just wanted to link this for anyone missing info on cex.io+ghash.io.

https://bitcointalk.org/index.php?topic=318010.msg3590355#msg3590355

[zimmah]

With Terrahash miners not too far away, assuming many different persons buy them and use them on different pools, the hashing power will diversify even more.

I personally like bitminter because it has a nice website, low fees, enough transparency and about a 5% share in the global hashrate (which is not very high but not too low).

Pools that have 20%+ hashrate should be avoided as much as possible in my opinion.

[eleuthria]

Ghash.io isnt just one person. Anyone can mine there. it's a Pool. Alot of the hashing power are users pointing their physical miners to Ghash

At least 60-70% of their hashpower is owned by ghash/cex, not contributed from miners.

[greaterninja]

i know who owns ghash.io

[mobile]

Not a ghash.io cheerleader but commenting on the matter: The one nice thing about ghash.io is their merge mining. (As we already know)Not only do you merge mine NMC, but DVC & IXC. Corrent me if I am wrong but I havent heard of any other pools that offer this. Oh and one more thing. Their real time graphs and stats are pretty to look at and pull some interesting statistics on your hashing rates.

[eleuthria]

Not a ghash.io cheerleader but commenting on the matter: The one nice thing about ghash.io is their merge mining. (As we already know)Not only do you merge mine NMC, but DVC & IXC. Corrent me if I am wrong but I havent heard of any other pools that offer this. Oh and one more thing. Their real time graphs and stats are pretty to look at and pull some interesting statistics on your hashing rates.

DVC and IXC are offered on bitparking, have been for a long time.  Of course, DVC and IXC are both completely worthless, so no other pool is going to waste time and server resources to run altcoin daemons for a less than 0.1-0.2% increase in earnings when it could cause extra stales, software failures, more bandwidth usage, and a lot of wasted CPU/HDD access time which will likely add up to more than a 0.2% loss in the long run.

[lajz99]

ghash.io also has a shareholders feature which is awesome!