BEWARE GHASH.IO!!!!!!!#TODAY#36Phash/s!!!!!!!=~44% of ALL NETWORK POWER if...

[BITCOIN*me*]

Scary.

Here's an idea.. it is estimated that there are at least 5PH/s of personal equipment on ghash. If we could get that 5PH/s moved over to mmpool.org which is the only other real merge mining pool, that pool would break through the "too slow" barrier and it should start seeing daily rewards.

I agree ...ANY move OUT of "GHash" right now IS a POSITIVE STEP!!!

[BITCOIN*me*]

yeah, they need to do a better job hiding their blocks.


https://www.youtube.com/watch?v=lQmaEtUUPyE

...nice clip
"hiding their blocks"=same as a "MAKE UP" >they need to do it every fucking day and very very precisely, otherwise soon or later people will detect who is behind it....,but that's NOT A SOLUTION to the problem with gathering a TOO MUCH POWER (if not MAJORITY ) in just 1 hand ONLY = it's NOT DECENTRALIZATION !!!!!
...even with a 25% power, you still have a "GOOD CHANCE" to attack a network....just look at that http://arxiv.org/pdf/1402.2009v1.pdf
Therefore we need at least 100 different pools [*each one with different ownership and different location (even if most likely it will be a cloud hashing provider) and with a maximum 1% of ALL POWER!!! or at least a couple of P2Pools ] => only then we can talk "WE HAVE A SECURE AND DECENTRALIZED bitcoin NETWORK and WE ARE PROUD of IT" !!! Right? Do you agree with me???

[taipo]

What would happen if someone started a pool simply called Unknown

http://blockchain.info/pools?timespan=24hrs

OK, here ya go:

http://unknownpool.com:9332
http://unknownminingpool.com:9332

-Dave

Heh, funny, all they need to do now is use blockchains graph for some false advertising
https://blockchain.info/pools?timespan=24hrs


Just sayin.....

[DaveF]

What would happen if someone started a pool simply called Unknown

http://blockchain.info/pools?timespan=24hrs

OK, here ya go:

http://unknownpool.com:9332
http://unknownminingpool.com:9332

-Dave

Heh, funny, all they need to do now is use blockchains graph for some false advertising
https://blockchain.info/pools?timespan=24hrs


Just sayin.....

It's not a "they" is a "me".
But feel free to tell the world I'm so amazing I got 20% of network 

-Dave

[iglasses]

WOW...last 4 blocks ALL Ghash.
32 min
33 min
37 min
57 min.

Jesus

[zvs]

don't forget to include

https://blockchain.info/address/1N47HdooZqn4ETeMKBvuWjRbRC6rGj19dn

they show up as 'unknown'

new address soon!

[KimNam]

WOW...last 4 blocks ALL Ghash.
32 min
33 min
37 min
57 min.

Jesus

recently we saw many times condition like that
many blocks solved by ghash.io in the adjacent time

[Hunterbunter]

http://blisterpool.com/p2pdonate

As people have already said, miners need a reason to switch pools. In the last 3 days (since the tool was written), p2pool has paid 1.4% more per block found. Donations keep coming in, and they're being split to p2pool miners based on p2pool's own donate function. Stats on the page.

[silversurfer1958]

Why doesn't the Community set up a free pool and throw in the miners fees too, which gives me another idea,
set up 10 pools which regulates their fees according to the amount of the NW they own.
If they own little, the fees are lower and more of the miner fees are given to the miners.
As the pool grows, the amount of distributed miners fees is throttled back to make it slightly less attractive..

Or something like that.

[bitpop]

P2pool is a free pool with transaction fees plus donations

If you cared about Bitcoin you'd use it

[taipo]

49%

1% to go.

https://blockchain.info/pools?timespan=24hrs

[ranochigo]

...the next difficulty will be ~ 82Phash/s!!!!
GHASH.IO power grows very VERY RAPIDLY (I remember a few days ago only they stated to have just something over 24Ghash/s and TODAY it's 36GHash/s!!!!) CRAZY ,isn't
....bitcoiners who are still support this "COMPANY" (usually via buying a NEW CLOUD HASHING MINING POWER from it) are SICK ,very VERY SICK & SHORTSIGHTED and nothing else probably the care ONLY short-time PROFIT(if some ever exists)!!!!! ....but GAME can be OVER much SOONER as YOU think!
I agree YOU CAN earn (loose less ) by buying some cloud hashing power from them(CEX.IO),mostly because they are running the biggest pool=>less variance=the most stabile payouts + probably a cheaper maintenance costs (in compare to paying an expensive electricity etc...) ,but currently they are TOO BIG (with approx.44% market share and still growing!!!)=>TOO DANGER for the bitcoin, for us!!!!
I believe THEY CAN BE A SMART & not DIVE BITCOIN under "51% ATTACK" =>as they can spread a portion of their hashing power into the others (known & UNKNOWN) pools (personally I believe THEY ARE ALREADY DOING!!! ,if they have "A LUCKIER day as usually....but what?WTF??? Is it mean a SECURE & DECENTRALISED BITCOIN NETWORK? ...just imagine*What can happen, if they'll stop to be a SMART & HONEST GUYS??? ...or if "SOMEONE BAD" takes OVER their ALL HASHING POWER @ (GHASH.IO and in "OTHERS" pools) and....(you know what I mean so...)
I'm NOT AGAINST strengthening of network hash rate as a whole=it's VERY VERY IMPORTANT for bitcoin's GROWN ,but I'm AGAINST CONCENTRATION of so MUCH(maybe already the most)POWER in just 1 HANDS ONLY, because without decentralisation there will be(almost) NO TRUST and NO DIFFERENCE from others...
and BITCOIN's (as a whole(protocol/currency...)) VALUE WILL DROP TO (almost) ZERO!!!!!!!
Don't YOU agree with me hmmm?
YOU will be A BETTER OFF ,if you BUY some bitcoins from an "exchange or ATM" as to put your "HARD EARN MONEY/BITCOINS" to buy some overpriced "UNPROFITABLE" & totally "OUT OF YOUR CONTROL" cloud hashing mining power from the "BIGGEST POOL OPERATOR"!!!!!Thank You

Ghash LOL.. If its only 36Ghash, I think they are currently at >0.1% Of network lol.  Its PetaHash, I agree it can be dangerous, its up to those miners to choose to leave the pool.

[taipo]

https://blockchain.info/double-spends

Makes it easy viewing for when ghash.io goes over 50%

[taipo]

Still holding at 49%, they just do not have enough to get into double spend territory.

[ranochigo]

Still holding at 49%, they just do not have enough to get into double spend territory.

Went to 50% Just now before BTCGuild and another pool mined a block.

[taipo]

Since blockchain.info manages to determine most block owners, you could assume that ghash.io is already over in the 50s.

[Wolf Rainer]

What it this?

https://blockchain.info/address/1N47HdooZqn4ETeMKBvuWjRbRC6rGj19dn

[taipo]

Holding at 50%

[ranochigo]

Ghash.io have already hit 51% now. Time for all those attacks.

[FlyForFun]

Ghash.io have already hit 51% now. Time for all those attacks.

They are coming out with some ways to reduce the 51%, I believe they are going to implement some fees.