Who the hell is still mining on GHash.IO? GTFO that pool already!!!

[Collider]

You are misinformed.

Ghash pays transaction fees too, aswell as merged mining.

If somebody sets up a p2pool node with ~0,5% fees and merged mining i would be in though.

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[ManeBjorn]

If they pay the TX fees that is news to me.  Last I knew they did not.
BTCG merge mines as well.  Eligius does as well.
NastyPool is working on adding it.
There are plenty of other pools that do as well.

You are misinformed.

Ghash pays transaction fees too, aswell as merged mining.

If somebody sets up a p2pool node with ~0,5% fees and merged mining i would be in though.

[Collider]

eligius merged mining doesn´t work anymore, as it doesn´t accept nmc adresses.

GH.io pays TX fees, merged mines 3 or 4 coins, has no fees.

If there is another pool like that out there, many would switch.

[jonnybravo0311]

eligius merged mining doesn´t work anymore, as it doesn´t accept nmc adresses.

GH.io pays TX fees, merged mines 3 or 4 coins, has no fees.

If there is another pool like that out there, many would switch.

Many p2pool operators merge-mine.  I do.  Mdude77 does.  Also, a bunch of us have committed to donating the proceeds from merge mining right back into p2pool, so every miner benefits.  Hunterbunter created an easy-to-use donation tool that donates to p2pool miners.

The only difficulty is that the merge mining payouts are not automated.  We are manually converting them to BTC on whatever exchanges, and then donating the BTC.

[googlemaster1]

Screw low Variance.  I've mined a couple more BTC than I should have by taking a risk on Slush.

Our pool luck has hovered at around 115% for the last month and a half at least.

Pool luck (1 day, 7 days, 30 days): 123%, 107%, 114%

Maybe some of you other kids with a few Terrahash can nut up and take the plunge on potential payouts like above, eh?

[ChuckBuck]

Bravo on Bitcoin industrial mining giant, Bitfury, for moving off of Ghash.IO!

This is what we need more of.  More of the big fish and whales moving off that pool, as small time miners, though valiant, won't make a noticeable dent in overall hashrate like when a company the size of Bitfury does it.

http://www.coindesk.com/bitfury-pulls-power-ghash-community-uproar/


They're an asic manufacturer that mines for themselves and never hid it, but at least their actions moving off Ghash is a big time win for all of us.  Kudos Bitfury!

[Swordsoffreedom]

It looks like the recent Distributed Denial of Service attack on the system got some miners moving
That or the site was down for me
https://blockchain.info/pools?timespan=24hrs

Seems to be down to 35% hope that it stays around there and does not happen to rise up again

[cyberpinoy]

I am convinced Ghash is purposely trying to hit the 51% mark, I dont understand it all, but in order to be  a member of Ghash you have sign up in their CEX.Io exchange, I dont like that, then from what I could tell they are renting your hashrate, It is very confusing, and seems like a circle of monopoly they want to run. I think at this point the people joining them are the ones who want to see that 51% hit just to see if they can make the coin fail. I guess you can battle against the stupid and ignorant, It would not surprise me to see that barclays bank or JP Morgan were the funding behind Ghash.io to be honest with you. those 2 places more than any want to see the bitcoin fail and be wiped off the face of finances forever.

[Zuminest]

GHASH offer alot of nice shiny perks. Not to mention following the heard. "Oh, 50% of people mine with GHASH? I'm gonna mine there!" Mentality. IMO.

[DrG]

When you don't have a pool operator communicating on a regular basis with the community like Bitminter's or BTCG's pool ops you can't really understand the intentions of the pool.  Why people would lend them their hashing power just to make a few more satoshis is beyond me.  As I said before it's like tossing away $5 to get a couple of pennies.

[timk225]

I think they should reach 51% mining and seriously screw up BTC, at least temporarily, because this will happen:

1. BTC price will take a huge lumpkin dive.

2. Then while the price is low low low, I will buy lots of BTC and hold.

3. Then when the price recovers, I will cash out for a huge profit.

This is a great plan!  51% BTC, Ghash pool!

What country is an .io name extension from?

[ManeBjorn]

eleuthria of BTCG is always on here interacting and giving out info.  He does it in many threads both for BTCG and Scrypt Guild as well as in the Eligius thread recently as well about the block denial attack.

When you don't have a pool operator communicating on a regular basis with the community like Bitminter's or BTCG's pool ops you can't really understand the intentions of the pool.  Why people would lend them their hashing power just to make a few more satoshis is beyond me.  As I said before it's like tossing away $5 to get a couple of pennies.

[hermi]

I have a good server, I someone can help me setup an miningpool script I can offer 0 % fee

[kickbit]

I'm sure they have all these PH/s due to their own data centers, not regular miners

[ChuckBuck]

I think they should reach 51% mining and seriously screw up BTC, at least temporarily, because this will happen:

1. BTC price will take a huge lumpkin dive.

2. Then while the price is low low low, I will buy lots of BTC and hold.

3. Then when the price recovers, I will cash out for a huge profit.

This is a great plan!  51% BTC, Ghash pool!

What country is an .io name extension from?

British Indian Ocean territory, or also used by Internet Startups and IT organizations because it's an abbreviation for Input/Output.

[ShibecoinSucks]

I am convinced Ghash is purposely trying to hit the 51% mark, I dont understand it all, but in order to be  a member of Ghash you have sign up in their CEX.Io exchange, I dont like that, moo then from what I could tell they are renting your hashrate, It is very confusing, and seems like a circle of monopoly they want to run. I think at this point the people joining them are the ones who want to see that 51% hit just to see if they can make the coin fail. I guess you can battle against the stupid and ignorant, It would not surprise me to see that barclays bank or JP Morgan were the funding behind Ghash.io to be honest with you. those 2 places more than any want to see the bitcoin fail and be wiped off the face of finances forever.

I totally agree, I think some powerful banking industry is behind this. They want 51% and when they get it, BTC will be destroyed. I'm sure they have themselves invested in a way that they make money on the crash as well.

this is a serious threat to BTC, and more people need to do more about it, we need strong leadership on this.

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