Address 1AcAj9 that found couple of blocks in few hours, WTF ???

Hey guys check out this https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo , that address found couple of blocks, and bc gives warning there are double spends on it. Wtf is up with that , who is that ? Its not part of any pool .

here

Anybody knows whats up with this ?

Oh noes we are doomed!

Way ahead of ya man. This train is over, the tour de France is on and whilst everyone is distracted someone's pulled a fast one........

Man he got 9400 BTC. WOOOTTT. Not only does he mine individually but also he gets payments from ghash.io. See this :

Quote from: grtthegreat on July 06, 2014, 04:13:35 PM

Man he got 9400 BTC. WOOOTTT. Not only does he mine individually but also he gets payments from ghash.io. See this :

can you explain the significance of this? many thanks...

Quote from: BTCfan1 on July 07, 2014, 12:20:36 AM

Quote from: grtthegreat on July 06, 2014, 04:13:35 PM

Man he got 9400 BTC. WOOOTTT. Not only does he mine individually but also he gets payments from ghash.io. See this :

can you explain the significance of this? many thanks...

Basically that address is also getting paid from ghash.io Cheesy

U see the first address on there marked with ghash.io . sent coins there?

Soo... I think i know whats up with this.

when ghash.io reaches near the 51% they just get couple of PH , to the "solo mining" with this and proably some other addresses. So basically this is ghash.io addy, just they put it to solo mine so ghash.io "is not at 51% " but it actually is on much more .

Does this make any sense ?

Quote

GHash is hiding their real power. GHash has MUCH more than 51%, i would say more than 60% !
Do remember,

they can low the rate to 4x% in short time by blocking some of their miners and shutting down their own units ,
they can then also raise back to 60% in seconds by just turnning on all their mine units,
why? because greed is part of human nature, goverments,organisations etc can simply take over GHash and destroy bitcoin!

undestroyable decentralized math-proof-of-stake money system? boom! > 60% double spends, confidences gone, bitcoin end!

The community has already appealed to GHash.io to voluntarily restrict their mining (as did BTCGuild before them) in order to avoid going over 40% and you see what they returned
some might say: Put another way, in 5 months when Ghash is at 100%, we can still have bitcoin, and it can still be working fine as a cryptocurrency
acoindr: No, it can't.
It would work in the technical sense, but not in the currency one. Money is a funny thing. To become a currency, something commonly accepted as having monetary value, requires confidence. This is true of any currency, but is especially of something like fiat paper, only backed by government decree, in contrast to gold which has been valued globally for thousands of years. Bitcoin, which isn't physical or backed by decree, is especially quirky in regards to confidence.

If people perceive the integrity of [bit]coins held as subject to too much risk of losing day to day value, due to double spend risk etc., they will not desire to hold them for longer periods of time, or eventually at all, meaning confidence could be lost in the currency completely.

I suspect people are not so concerned with the GHash situation because they appear to be on 'our side', and disrupting the network would run counter to their self-interest. However, there can be a limit to that threshold of trust.

I also believe people recognize there is a viable fallback in Litecoin, for example, if some short-term issue affects Bitcoin, because it's an entirely separate system. That's something I preached a lot about in the past. I would feel more nervous if there was only Bitcoin in which the community placed all its eggs.

https://bitcointalk.org/index.php?topic=655116 Sell all of your Ghash Coins before next $400 - $300 crash
https://bitcointalk.org/index.php?topic=653086 does the bitcoin community trust GHash ?

Dear falllling,

Try harder. I hope you're less of a disappointment to your parents than you are to me. Somehow I doubt it though Embarrassed

Did the double spend happen recently?

don't look good lads https://blockchain.info/blocks/Unknown%20with%201AcAj9p%20Address

This guy has "found" 36 blocks in the last 4 day's..

First transaction was from ghash.io and received 2,867.54415 BTC https://blockchain.info/address/1AcAj9p6zJn4xLXdvmdiuPCtY7YkBPTAJo?offset=200&filter=0

The end is nigh..

Quote from: Bitcoinbikers on July 07, 2014, 07:54:24 AM

You're upset because he found 6.25% of the blocks over the last 4 days? Why?

Quote from: Raystonn on July 07, 2014, 08:02:50 AM

Quote from: Bitcoinbikers on July 07, 2014, 07:54:24 AM

You're upset because he found 6.25% of the blocks over the last 4 days? Why?

There are double spends associated with the address, its very fishy..

and you can see the price is starting to crash on btc-e!

Quote from: Bitcoinbikers on July 07, 2014, 08:08:04 AM

Quote from: Raystonn on July 07, 2014, 08:02:50 AM

Quote from: Bitcoinbikers on July 07, 2014, 07:54:24 AM

You're upset because he found 6.25% of the blocks over the last 4 days? Why?

There are double spends associated with the address, its very fishy..

and you can see the price is starting to crash on btc-e!

I see no crash. And all I see is a warning from blockchain.info that the address contains transactions that may be double spends. Why the trolling?

With my professional expertise in bitcoin speculation you should trust me, this is BAD.. I've seen this before Shocked

Ghash.io is controlling that address, they are able to create double spends, its a 51% ATTACK!

Quote from: Bitcoinbikers on July 07, 2014, 08:15:04 AM

[...] you should trust me [...]

You have a very poor trust rating here.
https://bitcointalk.org/index.php?action=trust;u=314889

Quote

Trust: -4: -1 / +0(0)
Warning: Trade with extreme caution!

somebody withdrew their balance and moved away from ghash with their 5petahash operation, and started solo mining. /story

somebody, with a huge probability, is bitFury: http://www.coindesk.com/bitfury-pulls-power-ghash-community-uproar/

So this is a "hooray, community self-balances to prevent 51% attacks" topic, TDM

Quote from: piramida on July 07, 2014, 08:23:30 AM

That article is from a month ago..