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S4VV4S
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June 13, 2014, 09:43:34 AM |
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You are looking at the 24h stats. I think they took measures to lower their has rate down: https://blockchain.info/poolsStill, I think they are just hiding hash rate. None the less I couldn't care less. It would be stupid of them to attempt a 51% attack. Double spends occur with all miners that have large hashing power. Nothing new there.
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Labteck
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June 13, 2014, 09:50:11 AM |
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It's a fuk;['ng problem, and everyone one here is closing their eyes and say "dont worry about your money ,they are good guys". Wonderful.
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CoinLearn
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June 13, 2014, 09:52:11 AM Last edit: June 13, 2014, 12:30:39 PM by CoinLearn |
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Bizmark13
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June 13, 2014, 09:55:39 AM |
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Why other pools are unable to compete with GHash.IO ? What is their X-factor ?
1. They have little or no fees (0% last time I checked). 2. The cloud mining website CEX.IO uses (owns?) GHash.IO. When someone buys a cloud mining contract there, the bitcoins are mined using the GHash.IO pool. I'm not an expert so I could be wrong but I think this is why it's so popular.
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U.K.-BTC
Newbie
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Activity: 38
Merit: 0
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June 13, 2014, 09:59:56 AM |
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Hi, ... but they are not using all of their mining power ?
this is possible. Here an exemple: I have 10 GH/s Hardware power (connected to GHash.IO), and I have also 20 GH/s mining contract on CEX.IO (also connected to GHash.IO). Since 20 minutes: -> impossible hardware connect to GHash.IO (so I changed now to BTC Guilde, works fine) -> my 20 GH/s on CEX are turning only about ~ 15 GH/s since 15 minutes @ GHash.IO ... just some impressions of the moment from a little miner. Best regards.
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Parazyd
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June 13, 2014, 10:02:19 AM |
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They're switching with 50% and 49%. It's dynamic. But I believe it's gonna be okay for now. They should take care of it in some way though.
It's so popular just because of this reason. It's the biggest pool and everyone goes there. They find the most blocks.
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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June 13, 2014, 10:05:40 AM |
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I have 10 GH/s Hardware power (connected to GHash.IO), and I have also 20 GH/s mining contract on CEX.IO (also connected to GHash.IO).
Bro, Ghash is not for little mining system ... look at your DOA, it will be high with a "minimal difficulty to 8". move to an other pool with variable difficulty (like slush's). you win the same amount of money.
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Thenen
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June 13, 2014, 10:06:33 AM |
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Ghash need to put in some fees and that would solve the problem..
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U.K.-BTC
Newbie
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Activity: 38
Merit: 0
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June 13, 2014, 10:07:17 AM |
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Bro, Ghash is not for little mining system ... look at your DOA, it will be high with a "minimal difficulty to 8". move to an other pool with variable difficulty (like slush's).
Thank you Sir, I will look closely at
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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June 13, 2014, 10:08:12 AM |
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This is very bad imo. I don't think people realize what a 51% would do to Bitcoin.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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June 13, 2014, 10:08:27 AM |
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They find the most blocks.
and it's a useless way of mining ... a pool that win more block don't pay more !you win BTC with a constant GH/s speed. even in a little pool ... you win the same amount even if it don't find more than 5 block per day.
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Parazyd
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June 13, 2014, 10:09:26 AM |
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They find the most blocks.
and it's a useless way of mining ... a pool that win more block don't pay more !you win BTC with a constant GH/s speed. even in a little pool ... you win the same amount even if it don't find more than 5 block per day. I know, I just wanted to say that people find that attractive and have the wrong opinions. That's what lead to these 50%.
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ljudotina
Legendary
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Activity: 1260
Merit: 1029
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June 13, 2014, 10:11:56 AM |
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They are working on option that will enable you to redirect their hardware out of their pool. So basicly you rent their hardware but you mine at pool of your choice.
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newIndia (OP)
Legendary
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Activity: 2226
Merit: 1052
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June 13, 2014, 10:16:50 AM |
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In a free market economy, u cant expect the leader to step down. The competitors should step up.
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ljudotina
Legendary
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Activity: 1260
Merit: 1029
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June 13, 2014, 10:21:32 AM |
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In a free market economy, u cant expect the leader to step down. The competitors should step up. Or it should be regulated by authority (in this case bitcoin protocol itself). It should be possible to force anyone from amasing hash power like that on protocol side. It's not Ghas that should fix this, devs are ones that need to secure network on protocol level.
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Parazyd
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June 13, 2014, 10:26:52 AM |
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In a free market economy, u cant expect the leader to step down. The competitors should step up. Or it should be regulated by authority (in this case bitcoin protocol itself). It should be possible to force anyone from amasing hash power like that on protocol side. It's not Ghas that should fix this, devs are ones that need to secure network on protocol level. You can't just blacklist an entire pool.
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newIndia (OP)
Legendary
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Activity: 2226
Merit: 1052
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June 13, 2014, 10:37:08 AM |
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In a free market economy, u cant expect the leader to step down. The competitors should step up. Or it should be regulated by authority (in this case bitcoin protocol itself). It should be possible to force anyone from amasing hash power like that on protocol side. It's not Ghas that should fix this, devs are ones that need to secure network on protocol level. You can't just blacklist an entire pool. You cant blacklist, but u can cease its mining power programmatically with protocol level modification. Please read the proposition => https://bitcointalk.org/index.php?topic=650778.0
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Parazyd
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June 13, 2014, 10:39:32 AM |
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In a free market economy, u cant expect the leader to step down. The competitors should step up. Or it should be regulated by authority (in this case bitcoin protocol itself). It should be possible to force anyone from amasing hash power like that on protocol side. It's not Ghas that should fix this, devs are ones that need to secure network on protocol level. You can't just blacklist an entire pool. You cant blacklist, but u can cease its mining power programmatically with protocol level modification. Please read the proposition => https://bitcointalk.org/index.php?topic=650778.0But you talk about leaving it at 49%. That's still way too dangerous.
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