GHASH.IO IS NEARING 51% – LEAVE THE POOL

[Raghnar]

http://www.cryptocoinsnews.com/2014/01/09/warning-ghash-io-nearing-51-leave-pool/

[drawingthesun]

Except it's not a normal pool is it? With most of the hashpower being from Cex.io it's essentially a giant mining farm.

I may be wrong, but I doubt people can just leave or be booted off. Also apparently it's slightly more profitable to mine on GHash.IO for normal miners, if true (I doubt it is) people have incentive not to leave.

[Raghnar]

Also apparently it's slightly more profitable to mine on GHash.IO for normal miners, if true (I doubt it is) people have incentive not to leave.

they do have incentive to leave if it gets to 51% or more and brings down the entire BTC network.

[telemaco]

Last hour

https://blockchain.info/pools?timespan=1hrs

[koryu]

what if the 17% unknown belong to ghash? who knows?

if there is a tool to double spend created, someone will use it, sooner or later. i dont say ghash would do it but there could be any hackers taking control over the pool. its always bad to create such instruments. i hope some miners will switch to other pools.

[Kazimir]

Dear miners,
 
Nothing against GHash.io, not implying they would abuse their 51% power (if they would acquire it), and not saying they are malicious in any way.
 
But a single entity having 51% is something we should avoid at all cost. Let's NOT take the risk and wait until something bad happens. For all of us Bitcoin users, and especially you miners, it's paramount that the Bitcoin network remains stable, solid, trustworthy, and maintains its decentralized nature.
 
We urgently call upon you to switch to one of the smaller mining pools NOW, before it's too late. The reward difference for you as miners is minimal, especially compared to what happens if the 51%-shit actually hits the fan. Bitcoin is powered by all of us... Unless we deliberately hand over the power to a single entity and sit back until something goes wrong.
 
Please, don't ignore this and regret it later.

[fydel]

Please, don't ignore this and regret it later.

+1

Leave this pool. Dont break bitcoin. 

[bitmonster1070]

Who in their right mind would jeopardize bitcoin by mining on GHASH.IO ?     GTFO  GHASH.IO !

[idrive240]

ditto
Who in their right mind would jeopardize bitcoin by mining on GHASH.IO ?     GTFO  GHASH.IO !