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March 14, 2014, 09:01:36 AM |
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Myself, and many miners switched over to GHash.IO for the double mining reward promotion.
If you look at GHash's hashrates from less than 12 hours ago, you can see it was 500 MH/s total for the pool. As of right now it is over 33,000 MH/s. This is increasing very fast considering the promotion was just announced earlier today (around the time the hashrate started spiking up).
The entire Litecoin mining network is clocked at 168,000 MH/s. Being over 84,000 MH/s leaves it susceptible to 51% attack. Being at 33,000 / 84,000 required within a 12 hour span is insane.
Keep in mind this is the same service provider that became very close to 51% attacking Bitcoin back in January. There is still a little over 6 days in the promotion and I'm sure the miners will switch to GHash after hearing about it due to the scarce alt coin market.
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