Thank you, as an old timer when we were cpu mining together, ghash really goes against everything bitcoin was supposed to be
So do all centralised pools, ASIC miners and currency exchanges. Not much has changed really. Instead of a world full of data centers jammed with power sucking GPU mining rigs, they are now jammed full of 1TH to 6TH power sucking ASIC miners. The moment bitcoin could be mined on more than a CPU, it was over as a mining currency for the people.
Capitalist greed kicked in with its network affect, and we will be at 100B by xmas and a network hashrate of 1 Exahash sometime next year.
This is the second to last post Satoshi made before she exited the development of Bitcoin:
We should have a gentleman’s agreement to postpone the GPU arms race as long as we can for the good of the network. It’s much easer to get new users up to speed if they don’t have to worry about GPU drivers and compatibility. It’s nice how anyone with just a CPU can compete fairly equally right now.
The blame lays with Satoshi who left the hardware limitations up to social agreement instead of entrenching it in code. Sure GHASH is a despicable pool that has no respect for any sort of social agreement, and goes against what bitcoin was intended to be, no different though to any of the other centralised pools.
The only solution is to change the core protocol. It will fuck off the big mining farm owners and those that have put hundreds of millions into ASICs, and it would probably put most of the core dev team onto some sort of hit list....but in the long run it would be good for Bitcoin therefore good for everyone.