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

[whtchocla7e]

Let the miners decide where they want to mine.

I understand the concerns and I have my own but interference is not good.

Interference is worse than regulation.

[ChuckBuck]

Let the miners decide where they want to mine.

I understand the concerns and I have my own but interference is not good.

Interference is worse than regulation.

Miners should be able to decide where to mine, but make an educated logical decision when doing so, however.

It's not interference, it's awareness.  GHash.Io is a plague on this community and to the network.

They've already been caught double spending in 2013.  Google Ghash.io and Betcoin Dice and you'll see a ton of results.

Nothing good can come out of trusting those shady operators.

[ccfoo242]

They've already been caught double spending in 2013.  Google Ghash.io and Betcoin Dice and you'll see a ton of results.

I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.

You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalk.org/index.php?topic=327767.msg3590902#msg3590902

[ChuckBuck]

They've already been caught double spending in 2013.  Google Ghash.io and Betcoin Dice and you'll see a ton of results.

I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.

You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalk.org/index.php?topic=327767.msg3590902#msg3590902

If you trust GHash.IO will do the right thing, I have a bridge in Brooklyn to sell you for Nigerian princes.   

[jonnybravo0311]

They've already been caught double spending in 2013.  Google Ghash.io and Betcoin Dice and you'll see a ton of results.

I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.

You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalk.org/index.php?topic=327767.msg3590902#msg3590902

If you trust GHash.IO will do the right thing, I have a bridge in Brooklyn to sell you for Nigerian princes.   

I'm fresh out of Nigerian princes... would you take some BFL gear that's guaranteed to ship in two weeks? 

[PatMan]

They've already been caught double spending in 2013.  Google Ghash.io and Betcoin Dice and you'll see a ton of results.

I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.

You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalk.org/index.php?topic=327767.msg3590902#msg3590902

No, I don't believe them.

The Bitcoin community had already traced it to them weeks before their flimsy cover-up statement. They denied it, they lied about it, they laughed about it in emails, then they admitted it.

[DrG]

wtf do people continue to believe those %'s?

you seriously think they're tagging all their blocks?

not all of it is on a public pool

This is true.  I think we have observed that the majority of their pool is in fact privately owner.  When they have downtime less than 15PH was coming offline.

[cosmicapex]

As many have pointed out before, ghash.io has the best pool to point your hardware at because they've got the most useful features, and I think their popularity says it all.

Some features are, I would imagine, easy for other pools to implement such as being able to split your auto-payouts to multiple wallets on a percentage basis, something that's only attractive to large-scale multi-party operations.

If I was in cex.io's position I wouldn't dare double-spend, but then again I wouldn't start a ponzi scheme on wall street but that doesn't stop perfectly intelligent & sane individuals form doing it anyway because greed & power are the most addictive drugs you on earth.

[Zelek Uther]

For Bitcoin's sake, don't mine at the largest pool.

[MelodyRowell]

I am too lazy to switch.

[whtchocla7e]

But seriously though.

The whole point of having an open source, peer to peer distributed monetary system with a public ledger is so we don't need to trust any single entity.

Ghash.IO undermines the fundamental concept of why Bitcoin was created in the first place.

Satoshi would be turning in his grave right now. May her soul rest in peace.  

Well, maybe this monetary system is not as great as we all think.

Ghash is playing entirely within the parameters allowed by the system.

[TheJuice]

We need a pool operator to set up and offer 0%

[DrG]

We need a pool operator to set up and offer 0%

Which person is going to support other people's mining endeavors at his/her own wallet's expense?  None that I know of (at least on a large scale).

We need to educate the retards who are pushing the public part of GHash.IO to 50% to get off that pool.

Save 1% in fees and mine a dead coin  

[LightningBlade]

We need a pool operator to set up and offer 0%

There are lots of 0% pool out there.

[ChuckBuck]

God damn those fuckers!  I don't trust them one bit...

CEX.IO
?@cex_io
We are not intending to capture the 51% of the overall #Bitcoin hashrate. Working on solutions for decentralising Bitcoin mining. Stay tuned

These guys better come up with a good solution for this soon...

[jimlite]

GHash should not allow over 40% of the net, period.
They should either redirect the hash to other multipools, then payout,
or raise their fees constantly to get people to leave when over 40%.
I only mined with them during their LTC promo, and now Coinotron has
the same problem going on with LTC.  I personally use many good multi
pools.  One of the best is in my sig.

[STT]

They could franchise their operation but I guess people like this large pool because it has the most regular payouts, lowest variance.


My thought on ghash is that it could be or would be the best fifth column attack on BTC possible for the least effort and money.   The smartest maybe quickest way to defeat an enemy is to have them destroy themselves.   So if the head of ghash could subvert, deliberately provoking this problem then at the right time he has the power to undermine the whole network and destroy everything.

 All it takes is maybe a 1 million bribe to the head or admin even of ghash and thats how bitcoin died?    Maybe its possible to even make back that 1 million, maybe visa pays this money to thwart a rival maybe the nsa, 1 mill is pocket change especially if it can be offset against future benefits.    Corporate espionage isnt fiction, why wouldnt someone want to kill it

[koryu]

wonder how much percent of the unknown belongs to ghash -.-

[Collider]

24 h hashrate of GH is 43% again, so stop worrying.

Even if they have 51% for a short time, they would have to actively want to do something malicious in order to cause any harm.

I am wondering why nobody is building an equally awesome pool so there will be less problems in the future.

[ManeBjorn]

There are many equally awesome pools.
BTCGuild which even though it charges a fee it pays miners transaction fees so in the end I make more there than at ghash.
Eligius has 0% fees and great statistical information.
NastyPool is a P2Pool with 0% fees and has the best implimentation of P2Pool I have tried to date.
There are many better options.  
The problem is people are dazzled by a shiny web interface and supposed 0% fee.  ghash does not pay miners TX fees so they make a ton off your mining.  As Bitcoin continues to be more and more widely used those fees will grow and eventually outgrow the mining reward.  If you think ghash will ever give you that you are mistaken.

24 h hashrate of GH is 43% again, so stop worrying.

Even if they have 51% for a short time, they would have to actively want to do something malicious in order to cause any harm.

I am wondering why nobody is building an equally awesome pool so there will be less problems in the future.