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Author Topic: Ghash.io has voluntary to suspend parts of service!  (Read 5305 times)
mjc
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January 12, 2014, 06:44:57 PM
 #61

You are making something that isn't that big of deal into a big deal. Now you think that they had the power to crash the markets? Half the users of bitcoins don't even know what mining is, so I don't think they would crash markets. Stop with this FUD.

If one mining pool gets 51% it would crash the markets.  The users who didn't have an idea what mining was, would learn real quick.  The press would pick up on it.

The problem here is that their pool fee is 0%.  The guild faced this in the past year and they did the right thing.  They increased their pool fee to drive people away.

Ghash.io will need to do the same shortly. 

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F-bernanke
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January 12, 2014, 07:31:34 PM
 #62

You are making something that isn't that big of deal into a big deal. Now you think that they had the power to crash the markets? Half the users of bitcoins don't even know what mining is, so I don't think they would crash markets. Stop with this FUD.

If one mining pool gets 51% it would crash the markets.  The users who didn't have an idea what mining was, would learn real quick.  The press would pick up on it.

The problem here is that their pool fee is 0%.  The guild faced this in the past year and they did the right thing.  They increased their pool fee to drive people away.

Ghash.io will need to do the same shortly. 

+1

The fact that they didn't proves that they don't want to loose mining power.

Also the whole press release reads like advertising looking to get more miners to join the bandwagen, not comforting at all.
hyphymikey
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January 12, 2014, 10:17:04 PM
 #63


Buying time is what they are doing. Nothing more. Until on the 4th of february every private miner gives up on them because they ask valid IDs and who wants to give up on his privacy and trust them with their IDs?

I read the TOS and nothing was mentioned about ghash.io, only cex.io. I also saw nothing about mining, or valid IDs. Do you have a link to your info?
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