Bitcoin Forum
July 06, 2024, 06:31:16 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: GHash.IO has 51% of the network now  (Read 4242 times)
btcdrak (OP)
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


View Profile
June 13, 2014, 11:35:13 AM
 #1

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

Crypto_Enthusiast
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250



View Profile
June 13, 2014, 11:38:45 AM
 #2


They had better behave themselves..  Wink
jc01480
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500


Nope..


View Profile
June 13, 2014, 11:40:06 AM
 #3

There goes decentralization.
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2898
Merit: 1464


Clueless!


View Profile
June 13, 2014, 11:40:18 AM
 #4


They had better behave themselves..  Wink

ah..sh*t!

Searing

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
veebee
Full Member
***
Offline Offline

Activity: 170
Merit: 100


View Profile
June 13, 2014, 11:50:20 AM
 #5

yikes

My account was hacked , i have recovered it but the person promoted straight disgusting trash lust ico.. i do not and would never support that
FlyForFun
Sr. Member
****
Offline Offline

Activity: 243
Merit: 250


View Profile
June 13, 2014, 11:52:36 AM
 #6


Hopefully they come out with some solution fast before something bad happened.

jubalix
Legendary
*
Offline Offline

Activity: 2618
Merit: 1022


View Profile WWW
June 13, 2014, 11:54:59 AM
 #7

and.....POS.

also how does GIGA feel shooting itself in the foot

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
JohnFromWIT
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
June 13, 2014, 11:56:26 AM
 #8

How much those 'Other Known' have?

S4VV4S
Hero Member
*****
Offline Offline

Activity: 1582
Merit: 502


View Profile
June 13, 2014, 11:56:47 AM
 #9

To me it shows 50% still: https://blockchain.info/pools?timespan=24hrs

BTW, FRIDAY THE 13th FELLAS!!!!!
Mister S
Member
**
Offline Offline

Activity: 72
Merit: 10


View Profile
June 13, 2014, 11:57:14 AM
 #10

You DO know that chart isn't a representation of the total hashrate available, it's just the percentage of blocks found.

While it's CLOSE to 50%, it is NOT the actual hashrate.

https://blockchain.info/charts/hash-rate

This is the actual hashrate, currently at 93,507,419 GH/S, or 93.5 Petahash.

CEX.IO is reporting 40.13...

Lemme do the math for ya.

43.1%

Up there? Hell yeah... But is the sky falling? No. Not yet, but very close.

I've had enough FUD for one day. Please don't confuse your charts. While it's easy to scream "It's All CEX's Fault" and hit panic mode, it's consumers, not miners, on Ghash right now.

Consumers consume, Miners protect their resources.
joshraban76
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile
June 13, 2014, 11:57:47 AM
 #11

It was not a surprise for me.

Being Solid in the market and knowing what they are doing, plus cloud miming and trading of cex.io, for sure they will eat the market more and more.

\   \  \ \\\\\\\\\\\\\\\\◥◣◢◤//////////////// /  /   /
Win88.me ❖ Fair, Trusted Online BTC Gambling ❖
/   /  / ////////////////◢◤◥◣\\\\\\\\\\\\\\\\ \  \   \
benjyz
Full Member
***
Offline Offline

Activity: 140
Merit: 107


View Profile
June 13, 2014, 12:24:07 PM
 #12

Why would they do this? I've got a theory: to pick up some cheap BTC. Actually nice way to manipulate the markets. They have to be considered a hostile entity now. Imagine the same with floating fees.
shorena
Copper Member
Legendary
*
Offline Offline

Activity: 1498
Merit: 1520


No I dont escrow anymore.


View Profile WWW
June 13, 2014, 12:29:32 PM
 #13

Why would they do this? I've got a theory: to pick up some cheap BTC. Actually nice way to manipulate the markets. They have to be considered a hostile entity now. Imagine the same with floating fees.

the number of double spends within the last 500,000 transactions actually went down. Just because someone has a lot of hashingpower does not mean the instantly use to double spend. https://blockchain.info/double-spends

I would advice everyone holding GH/s @ cex.io and using GHash.io as a pool to switch anyway. Just in Case.

Im not really here, its just your imagination.
ljudotina
Legendary
*
Offline Offline

Activity: 1260
Merit: 1029


View Profile
June 13, 2014, 12:30:56 PM
 #14

Here we go, 1 more thread....directly under older one...that's how Bitcointalk members roll. I expect 5 new threads in next half hour...all one under another. Let the best thread wins!

Illuminated
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
June 13, 2014, 12:46:14 PM
 #15

Here we go, 1 more thread....directly under older one...that's how Bitcointalk members roll. I expect 5 new threads in next half hour...all one under another. Let the best thread wins!

I thought the same! Not such a big deal to spread screenshots in different threads. Somebody just want to rise his own activity due to shard headline...
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
June 13, 2014, 01:46:31 PM
 #16

So, ghash.io acts as a benevolent dictator -- one who knows the penalty for abusing that privilege is instant decapitation.

Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


TimS
Sr. Member
****
Offline Offline

Activity: 250
Merit: 253


View Profile WWW
June 13, 2014, 01:55:29 PM
 #17

So, ghash.io acts as a benevolent dictator -- one who knows the penalty for abusing that privilege is instant decapitation.
This is certainly how it should work. But the lack of people actually moving away from GHash.IO as they near (or have already reached) 51% makes me doubt whether they'd actually be "decapitated" by abusing their position.
NamelessOne
Legendary
*
Offline Offline

Activity: 840
Merit: 1000



View Profile
June 13, 2014, 02:13:55 PM
 #18

Miners, if you care about your own self interest and the source of your money, leave ghash. Keep being greedy, but do it intelligently, otherwise the dumb ghash greed will destroy you!
timmyd
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


View Profile
June 13, 2014, 02:45:05 PM
 #19

Btc fail! whats next you ask. seriously guys considor NXT we mean business check payexpo updates from this week

Monthly profits from Www.Banxcapital.com
The safest Exchange around Www.Banx.io Fiat 2 BTC Www.Banxtrade.com
Latest Crypto News Www.Digitalmoneytimes.com

<a href="http://8857bcobvnw90aez2kvoq2wn8w.hop.clickbank.net/?tid=BB" target="_top"><img src="http://www.bonusbagging.co.uk/Banners/728x90_2.jpg" width="728" height="90" alt="Make thousands RISK FREE" border="0"/></a>
lihuajkl
Legendary
*
Offline Offline

Activity: 1596
Merit: 1000


View Profile
June 13, 2014, 02:58:50 PM
 #20

So, ghash.io acts as a benevolent dictator -- one who knows the penalty for abusing that privilege is instant decapitation.
This is certainly how it should work. But the lack of people actually moving away from GHash.IO as they near (or have already reached) 51% makes me doubt whether they'd actually be "decapitated" by abusing their position.
I do not worry they would risk their market share in BTC by doing bad things. Every people is talking about 51% attack and will pay attention to what is doing by ghash.
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!