stop mining at ghash.io you FUCKTARDS

[Gator-hex]

Miners don't have the incentive to undermine peoples' trust in Bitcoin.

Well... not until JPMorgan Chase decides to provide the incentive for a large pool operator to attack Bitcoin....

Miners can find out easily and will complain loudly, "I found a block, but my node doesn't even see it on the network! Something fishy must be going on with the pool!"

I think you put too much faith in your typical hasher...

Should an attack come from centralization of the hashing power, it's damage will already be done before the miners can react. This is why a proactive approach is preferred (do not centralize the hashing power).

This is all pure speculation, tin foil hat stuff, but...

CEX.IO LTD (UK Company No. 08757996)
SUITE 319-3
32 Threadneedle Street
London
EC2R 8AY

​Bank of England,
Threadneedle St              
London
EC2R 8AH
​    ​    ​
I find it odd that nobody has been able to create a Bitcoin exchange in the United Kingdom since Bitcoins inception (because banks close their account) yet one manages to open up right next to the central bank of England, in the City of London (Where all the other "old money" banks are located)!

The (Secret) City of London http://www.youtube.com/watch?v=LrObZ_HZZUc for those who have never heard of it.

Both USA and UK use ESFs (Exchange Stabilization Funds) to manage currency prices in the market.
Could this be the reason the Bitcoin price has become so stable of late?  

[krampus]

This is all pure speculation, tin foil hat stuff, but...

CEX.IO LTD (UK Company No. 08757996)
SUITE 319-3
32 Threadneedle Street
London
EC2R 8AY

​Bank of England,
Threadneedle St              
London
EC2R 8AH
​    ​    ​
I find it odd that nobody has been able to create a Bitcoin exchange in the United Kingdom since Bitcoins inception (because banks close their account) yet one manages to open up right next to the central bank of England, in the City of London (Where all the other "old money" banks are located)!

They're not based in London. 32 Threadneedle Street happens to be the address of a "virtual office" service, and they are located at 32 Threadneedle specifically to give the illusion of gravitas to businesses that lack it.

See here: http://www.beoffices.com/our-products/virtual-offices/virtual-office-locations/london-city/threadneedle-street

From the virtual office service's website:

The home of the Bank of the England and one of the most recognisable businesses address in the World. If you are connected to the banking or finance industry this is Virtual Address can give you access to the globe’s major organizations.

Yeah.

[Gator-hex]

The home of the Bank of the England and one of the most recognisable businesses address in the World. If you are connected to the banking or finance industry this is Virtual Address can give you access to the globe’s major organizations.

Yeah.

Registering your office in the middle of banking central (City of London) show a complete lack what Bitcoin stands for... creating an unbanked money system!

[Biomech]

The home of the Bank of the England and one of the most recognisable businesses address in the World. If you are connected to the banking or finance industry this is Virtual Address can give you access to the globe’s major organizations.

Yeah.

Registering your office in the middle banking central (City of London) show a complete lack what Bitcoin stands for... creating an unbanked money system!

Oh, I don't know. It appeals to my smartassery. What bigger middle finger than a non government currency being administered, in part, at the apex of modern fantasy money shenanigans?

[AussieHash]

Lots of downtime yesterday. It would appear the reports of compensation are coming from CEX customers only

Ghash pool miners there received no rewards from blocks
283692
283697
283701
283703
283705
283713
283716
283717
283718

Correction, these block rewards were subsequently paid out correctly, they were paid later and in reverse sequence.

I already updated the reddited thread to remove the comment about missing block rewards but forgot to do so here. Ghash is such a big pool, they mine so many blocks that you feel like a loser mining with anybody else, but their reliability is terrible. Rejected/orphaned block should be at worst 1%

Ghash are 6% right now, and are typically 2-4%
http://www.reddit.com/r/Bitcoin/comments/1vu7z0/ghash_8_rejected_blocks/

[shawk08033]

Mine on http://infinti-pool.("tk")(remove (" and") forums doesn't like my domain) its only a 0.01% fee.

Dont be afraid of the domain name its legit.

CEX.IO really should allow you to pick you pool to mine on.
 

[wollek]

@ AussieHash

what you say (e.g. "Ghash pool miners there received no rewards from blocks ") is not correct.

http://awesomescreenshot.com/0b12amhdf6

All my mining is payed absolute correctly by them! (and with the bonus of NO FEES!)
And after 3 month bitcoining i would say that cex.io is an absolute fair business partner, what i can't say from others!

just my 2 cents...

[AussieHash]

@ AussieHash

what you say (e.g. "Ghash pool miners there received no rewards from blocks ") is not correct.

http://awesomescreenshot.com/0b12amhdf6

All my mining is payed absolute correctly by them! (and with the bonus of NO FEES!)
And after 3 month bitcoining i would say that cex.io is an absolute fair business partner, what i can't say from others!

just my 2 cents...

I have updated the post above.
Ghash is a fantastic value proposition - 40% of blocks mined, merged mining, low variance - 100% profit.
Vs bitminter 1% fee, lots of variance
Vs btcguild 3% fee, 25% network hashrate

BTCGuild's rolling 3month luck is 103% +/- 0.9% and they pay out orphans/rejected blocks

If ghash has say 100% luck and 3% rejected blocks you would be worse off than BTCGuild (which has 1% orphans/rejects but these are paid to miners). Ghash also probably only has 95% uptime, and are hopable. Their work shifts are only 6 minutes (vs 50-120min on other pools) - so if they have a pool or CEX hosted interruption, you won't mine many blocks, but when the hashrate recovers the others can earn back in to 100% earnings very quickly

[dmcl]

humble newbie here will be staying on cex/ghash for the time being anyway.. i may play the lotto and solo mine or occasionally mine in slush's pool with some antminers or something but id say the bulk of my mining will be on cex/ghash. the trading BTC to GHS and back and forth is also a bonus. i got into bitcoins only like a week ago and im finding it fairly easy there.. also fairly easy to sell high and buy low 99% of the time providing you keep a level head and dont panic buy/sell

will be interesting to see what happens when the new TOS roll out.. plenty of speculation in the trollbox on the trade page.

[AussieHash]

Ghash just mined 11 if the past 15 blocks in a row (including 6 consecutive blocks)

[DrG]

Ghash just mined 11 if the past 15 blocks in a row (including 6 consecutive blocks)

Apparently the blind leading the blind.

[johncarpe64]

No, ghash is really a good pool...

[davispuh]

I really don't like it...

https://i.imgur.com/by0E9jv.png

[flower1024]

As title says!

+1

[atc1]

Guys,Eligius. Guis,pls.

[spooderman]

accualy is 51% attack.

[Gator-hex]

Yep, keep joining the biggest pool until they can screw with the blockchain then kiss the value of your Bitcoins goodbye!  

I keep saying we need to weigh the protocol in favor of the smallest pools by giving them the bulk of the transaction fees to balance the network. Nobody is going to want to mine on a pool with high variance unless there is an incentive to do so.

[dyask]

Yep, keep joining the biggest pool until they can screw with the blockchain then kiss the value of your Bitcoins goodbye!  

I keep saying we need to weigh the protocol in favor of the smallest pools by giving them the bulk of the transaction fees to balance the network. Nobody is going to want to mine on a pool with high variance unless there is an incentive to do so.

It is shocking that someone could be around for so long and not understand how unlikely or little impact a 51% attach would be.   Almost nothing compared to the damage MtGox has already done!

If you want to balance the pools for more fairness, maybe you have a point.   But the pools can balance themselves by offering better service.

P2Pools is clearly not a great solution either.   Every tried to send something out of a wallet that you been getting P2Pools mining awards from?  Ugh!   

[Ripdon007]

check out this new bitcoin pool i think it's got a lot of potential.. it's really not so much about a 51% attack but a lot more to do with balancing the overall hashrate between bitcoin pools.
https://bitcointalk.org/index.php?topic=472122.0

[johncarpe64]

I don't understand why people is so afraid of 51%. Its not like Ghash would want their business to die..