[CLOSING] GHash.IO mining pool official page

[allcoinminer]

CEX.IO together with GHash.IO are not intending to capture the 51% of the overall Bitcoin hashrate.

Our team consists of dedicated Bitcoin adherents, large investors into this cryptocurrency and people who get their wages in Bitcoin. Thus, there is logically no point for us to crash the system and kill the coin.

CEX.IO has been working on possible ways of decentralising Bitcoin mining since February. We will present our solutions to the Bitcoin community in the nearest time and ask you for understanding our intentions in the right way.

News for you: you don't need to do anything other than stop running this Ponzi called CEX.io.

The mistake is not gHash's but the miners or devs.

What mistake is this.  The centralization of mining?  I fail to see how devs are responsible for a private farm that's on the order of 25PH/s.

gHash lead to the centralisation but it shows the inability of the coin. Devs are responsible to rectify that inability. May be some new innovation need to be implemented to prevent centralisation.

[1713491071]

1713491071

[IYFTech]

It has. P2pool.

[phosphorush]

Get out of GHash.IO! Don't ruin everything for everyone including yourself.

[Henchman24]

Why Multipool left GHash saying the earnings are 25% less with ghash?

I've been tracking earning on ghash compared to PPS since I started mining here and I am over 100% for that period of time.

To measure your earnings with a pool, you need to stay there for multiple months to rule out variance. If you are at a small pool (< 5%) you'd need to stay there for 6 months at a minimum.

Are you saying you mine at GHash.io with your significant amount of hashing power?

If so, aren't you just contributing to the centralization problem?

[SilentH]

Hey CEX, why dont you fix this by simply pointing your CEX.IO GH's at a p2pool pool of your choosing. you get rid of 25% of your hash problem and do a great service for other miners at the same time. Win-Win

[jamesg]

Are you saying you mine at GHash.io with your significant amount of hashing power?

If so, aren't you just contributing to the centralization problem?

I'm saying that mining on ghash.io is worry free because their variance per difficulty period is near 0%.

[bitpop]

End ghash and their users

If you don't have a miner, help by ddosing

We need to also find ip addresses of users and big miners that use them

End them all

[Gyrsur]

End ghash and their users

If you don't have a miner, help by ddosing

We need to also find ip addresses of users and big miners that use them

End them all

found one ip!

127.0.0.1

please ddos!

[btcmner]

CEX.IO together with GHash.IO are not intending to capture the 51% of the overall Bitcoin hashrate.

Our team consists of dedicated Bitcoin adherents, large investors into this cryptocurrency and people who get their wages in Bitcoin. Thus, there is logically no point for us to crash the system and kill the coin.

CEX.IO has been working on possible ways of decentralising Bitcoin mining since February. We will present our solutions to the Bitcoin community in the nearest time and ask you for understanding our intentions in the right way.

Well, let's be direct : this is a crisis.
Ghash has become too big, and is now a threat to the very existence of bitcoin.
We all know this, and so do you.
Your "nearest time" has to be in the coming days.

[bitpop]

These selfish miners sell instantly and 0 intention of sticking around

They're even stupid enough to ignore the price drops they create

These parasites have their days numbered

[Luke-Jr]

CEX.IO has been working on possible ways of decentralising Bitcoin mining since February. We will present our solutions to the Bitcoin community in the nearest time and ask you for understanding our intentions in the right way.

The Bitcoin community has been working on this since 2012.
Why are you working in secret instead of collaborating with the ongoing efforts?
In fact, your pool doesn't even have support for the current progress in decentralisation (GBT) today...

[bitpop]

Maybe it's time we listen to Luke

[worhiper_-_]

Cex.io is probably one of the biggest and most successful bitcoin investments. If they can't find a way to help decentralization I don't see the community being able to do so. 

[midnightmagic]

Cex.io is probably one of the biggest and most successful bitcoin investments. If they can't find a way to help decentralization I don't see the community being able to do so. 

I do not think you're knowing what you think you're saying.

What does a single entity's "decentralization" efforts where they are the beneficiary at all have to do with the decentralization of bitcoin?

If they control the hashrate, there *is* nothing they can do to decentralize their own hashrate. They must give up control of their hashrate to other people. But why would they do that? Those other people could then steal from them.

[Parazyd]

Go Luke!

Truly is a shame what CEX.IO is doing.

[flound1129]

cex has zero incentive to give up any hashrate considering it's their main profit now (fees from trades within their system)  Why do you think they have a 0% pool in the first place?

[BCwinning]

they just added their 10 ph/s back in back up to 42-44ph/s

[alani123]

cex has zero incentive to give up any hashrate considering it's their main profit now (fees from trades within their system)  Why do you think they have a 0% pool in the first place?

The hashrate they employ for the Gh/s traded on CEX is not the problem. Many miners unrelated to their services choose their pool to mine and that's contributes causes the majority of their pools hashrate. It's because people choose to mine there that it has all this hashpower, not because they are using half of the asics in this planet.

[Luke-Jr]

cex has zero incentive to give up any hashrate considering it's their main profit now (fees from trades within their system)  Why do you think they have a 0% pool in the first place?

The hashrate they employ for the Gh/s traded on CEX is not the problem. Many miners unrelated to their services choose their pool to mine and that's contributes causes the majority of their pools hashrate. It's because people choose to mine there that it has all this hashpower, not because they are using half of the asics in this planet.

You're wrong. Both are serious problems.
Having half the ASICs on the planet is the bigger problem, since miners using the pool can switch to another one.
Pointing their ASICs at other pools does not help the problem at all, only hides it.

[PatMan]

And for sure they are hiding it already for some time......