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Author Topic: GHash.IO Statement Regarding 51% Threat  (Read 3001 times)
Harley997
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August 01, 2014, 09:10:20 AM
 #21

Why would people even mine on GHash when they can mine with other decent sized pools and get daily payouts still.. some people confuse me

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armin22
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August 01, 2014, 09:10:57 AM
 #22

Why would people even mine on GHash when they can mine with other decent sized pools and get daily payouts still.. some people confuse me

And why are you trying to get more posts for your sig campaign on an old thread? Some retards confuse me

Harley997
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August 01, 2014, 09:21:29 AM
 #23

It was on like the 2nd page on discussion so for that, fuck you.

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armin22
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August 01, 2014, 09:26:32 AM
 #24

It was on like the 2nd page on discussion so for that, fuck you.
[/quote

July 18, 2014, 09:30:13 PM


No, Fuck you

goose20
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August 01, 2014, 11:22:23 AM
 #25

They won't be so popular for much longer if they do - there are reasons why other front-running pools have fallen back behind.

Well at least the 51% talk will ease..
fivejonnyfive
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August 22, 2014, 02:58:17 PM
 #26

I feel like discus fish is the bigger threat at this point....

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zdaz14
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August 30, 2014, 04:52:31 AM
 #27

They won't be so popular for much longer if they do - there are reasons why other front-running pools have fallen back behind.

Well at least the 51% talk will ease..


I'm a bit new to the mining scene. Can anyone explain what 51% means and why they are avoiding 39.99%?
CliveK
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August 30, 2014, 05:57:46 AM
 #28

The original paper proposes that if the majority of the nodes are honest nodes then the network will be safe from manipulation.  If the majority of the nodes are dishonest nodes, an attack is possible.

Don't know about the 39.99% perhaps gentlemen's agreement between Pool operators.

To be fair, I see this as a failing of the other pool operators versus a GHash issue.  Earn your piece of the pie, do marketing, drop your fees, increase rewards, have a lottery, pay 10 BTC to the finder of the block like Nakamoto suggested: "Either way, the user who submits the hit that solves the block should get an extra amount off the top, like 10 BTC"....this is meant to be a free market is it not?

IF you "vote with your CPU", clearly other Pool operators need to improve their campaigns to get more "CPU votes."
DrG
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August 30, 2014, 08:26:04 AM
 #29

The original paper proposes that if the majority of the nodes are honest nodes then the network will be safe from manipulation.  If the majority of the nodes are dishonest nodes, an attack is possible.

Don't know about the 39.99% perhaps gentlemen's agreement between Pool operators.

To be fair, I see this as a failing of the other pool operators versus a GHash issue.  Earn your piece of the pie, do marketing, drop your fees, increase rewards, have a lottery, pay 10 BTC to the finder of the block like Nakamoto suggested: "Either way, the user who submits the hit that solves the block should get an extra amount off the top, like 10 BTC"....this is meant to be a free market is it not?

IF you "vote with your CPU", clearly other Pool operators need to improve their campaigns to get more "CPU votes."

The problem in this case was clealy demonstrated to be mindless sheep mentality.  The same way intelligent people complain about the government inefficiencies but the sheep ruin everything.  Other pools have demonstrated to be better performing and yet people flock to something with 0% Fee and 2 extra coins because they think they make more all while bending over and dropping 2-4% orphan rate  Roll Eyes














 

 

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Vortex20000
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August 31, 2014, 02:27:57 PM
 #30

I love how ghash.io has been this transparent in their public declaration.


melody82
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August 31, 2014, 03:44:57 PM
 #31

thanks for info sir Cheesy
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