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Topic: BEWARE GHASH.IO!!!!!!!#TODAY#36Phash/s!!!!!!!=~44% of ALL NETWORK POWER if... (Read 3056 times)

sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Ghash.io have already hit 51% now. Time for all those attacks.

They are coming out with some ways to reduce the 51%, I believe they are going to implement some fees.

I would doubt they would do this.

A more likely solution would be to repurchase their GH/s and take it offline and/or direct it to another pool.
newbie
Activity: 13
Merit: 0
...the next difficulty will be ~ 82Phash/s!!!!
GHASH.IO power grows very VERY RAPIDLY (I remember a few days ago only they stated to have just something over 24Ghash/s and TODAY it's 36GHash/s!!!!) CRAZY ,isn't Huh
....bitcoiners who are still support this "COMPANY" (usually via buying a NEW CLOUD HASHING MINING POWER from it) are SICK ,very VERY SICK & SHORTSIGHTED and nothing else probably the care ONLY short-time PROFIT(if some ever exists)!!!!! ....but GAME can be OVER much SOONER as YOU think!
I agree YOU CAN earn (loose less Cheesy ) by buying some cloud hashing power from them(CEX.IO),mostly because they are running the biggest pool=>less variance=the most stabile payouts + probably a cheaper maintenance costs (in compare to paying an expensive electricity etc...) ,but currently they are TOO BIG (with approx.44% market share and still growing!!!)=>TOO DANGER for the bitcoin, for us!!!!
I believe THEY CAN BE A SMART & not DIVE BITCOIN under "51% ATTACK" =>as they can spread a portion of their hashing power into the others (known & UNKNOWN) pools (personally I believe THEY ARE ALREADY DOING!!! ,if they have "A LUCKIER Cheesy day as usually....but what?WTF??? Is it mean a SECURE & DECENTRALISED BITCOIN NETWORK?Huh ...just imagine*What can happen, if they'll stop to be a SMART & HONEST GUYS??? ...or if "SOMEONE BAD" takes OVER their ALL HASHING POWER @ (GHASH.IO and in "OTHERS" pools) and....(you know what I mean so...) HuhHuh
I'm NOT AGAINST strengthening of network hash rate as a whole=it's VERY VERY IMPORTANT for bitcoin's GROWN Tongue ,but I'm AGAINST CONCENTRATION of so MUCH(maybe already the most)POWER in just 1 HANDS ONLY, because without decentralisation there will be(almost) NO TRUST and NO DIFFERENCE from others...
and BITCOIN's (as a whole(protocol/currency...)) VALUE WILL DROP TO (almost) ZERO!!!!!!!
Don't YOU agree with me hmmm?
YOU will be A BETTER OFF ,if you BUY some bitcoins from an "exchange or ATM" as to put your "HARD EARN MONEY/BITCOINS" to buy some overpriced "UNPROFITABLE" & totally "OUT OF YOUR CONTROL" cloud hashing mining power from the "BIGGEST POOL OPERATOR"!!!!!Thank You Wink

Ghash LOL.. If its only 36Ghash, I think they are currently at >0.1% Of network lol.  Its PetaHash, I agree it can be dangerous, its up to those miners to choose to leave the pool.
Sorry for BUGS! Cheesy
sr. member
Activity: 243
Merit: 250
Ghash.io have already hit 51% now. Time for all those attacks.

They are coming out with some ways to reduce the 51%, I believe they are going to implement some fees.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Ghash.io have already hit 51% now. Time for all those attacks.
full member
Activity: 238
Merit: 100
Kia ora!
full member
Activity: 238
Merit: 100
Kia ora!
Since blockchain.info manages to determine most block owners, you could assume that ghash.io is already over in the 50s.
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
Still holding at 49%, they just do not have enough to get into double spend territory.
Went to 50% Just now before BTCGuild and another pool mined a block.
full member
Activity: 238
Merit: 100
Kia ora!
Still holding at 49%, they just do not have enough to get into double spend territory.
full member
Activity: 238
Merit: 100
Kia ora!
https://blockchain.info/double-spends

Makes it easy viewing for when ghash.io goes over 50%
legendary
Activity: 3038
Merit: 4418
Crypto Swap Exchange
...the next difficulty will be ~ 82Phash/s!!!!
GHASH.IO power grows very VERY RAPIDLY (I remember a few days ago only they stated to have just something over 24Ghash/s and TODAY it's 36GHash/s!!!!) CRAZY ,isn't Huh
....bitcoiners who are still support this "COMPANY" (usually via buying a NEW CLOUD HASHING MINING POWER from it) are SICK ,very VERY SICK & SHORTSIGHTED and nothing else probably the care ONLY short-time PROFIT(if some ever exists)!!!!! ....but GAME can be OVER much SOONER as YOU think!
I agree YOU CAN earn (loose less Cheesy ) by buying some cloud hashing power from them(CEX.IO),mostly because they are running the biggest pool=>less variance=the most stabile payouts + probably a cheaper maintenance costs (in compare to paying an expensive electricity etc...) ,but currently they are TOO BIG (with approx.44% market share and still growing!!!)=>TOO DANGER for the bitcoin, for us!!!!
I believe THEY CAN BE A SMART & not DIVE BITCOIN under "51% ATTACK" =>as they can spread a portion of their hashing power into the others (known & UNKNOWN) pools (personally I believe THEY ARE ALREADY DOING!!! ,if they have "A LUCKIER Cheesy day as usually....but what?WTF??? Is it mean a SECURE & DECENTRALISED BITCOIN NETWORK?Huh ...just imagine*What can happen, if they'll stop to be a SMART & HONEST GUYS??? ...or if "SOMEONE BAD" takes OVER their ALL HASHING POWER @ (GHASH.IO and in "OTHERS" pools) and....(you know what I mean so...) HuhHuh
I'm NOT AGAINST strengthening of network hash rate as a whole=it's VERY VERY IMPORTANT for bitcoin's GROWN Tongue ,but I'm AGAINST CONCENTRATION of so MUCH(maybe already the most)POWER in just 1 HANDS ONLY, because without decentralisation there will be(almost) NO TRUST and NO DIFFERENCE from others...
and BITCOIN's (as a whole(protocol/currency...)) VALUE WILL DROP TO (almost) ZERO!!!!!!!
Don't YOU agree with me hmmm?
YOU will be A BETTER OFF ,if you BUY some bitcoins from an "exchange or ATM" as to put your "HARD EARN MONEY/BITCOINS" to buy some overpriced "UNPROFITABLE" & totally "OUT OF YOUR CONTROL" cloud hashing mining power from the "BIGGEST POOL OPERATOR"!!!!!Thank You Wink

Ghash LOL.. If its only 36Ghash, I think they are currently at >0.1% Of network lol.  Its PetaHash, I agree it can be dangerous, its up to those miners to choose to leave the pool.
full member
Activity: 238
Merit: 100
Kia ora!
legendary
Activity: 2912
Merit: 1060
P2pool is a free pool with transaction fees plus donations

If you cared about Bitcoin you'd use it
full member
Activity: 474
Merit: 111
Why doesn't the Community set up a free pool and throw in the miners fees too, which gives me another idea,
set up 10 pools which regulates their fees according to the amount of the NW they own.
If they own little, the fees are lower and more of the miner fees are given to the miners.
As the pool grows, the amount of distributed miners fees is throttled back to make it slightly less attractive..

Or something like that.

hero member
Activity: 994
Merit: 1000
http://blisterpool.com/p2pdonate

As people have already said, miners need a reason to switch pools. In the last 3 days (since the tool was written), p2pool has paid 1.4% more per block found. Donations keep coming in, and they're being split to p2pool miners based on p2pool's own donate function. Stats on the page.
hero member
Activity: 644
Merit: 500
WOW...last 4 blocks ALL Ghash.
32 min
33 min
37 min
57 min.

Jesus
recently we saw many times condition like that
many blocks solved by ghash.io in the adjacent time
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
legendary
Activity: 1148
Merit: 1000
WOW...last 4 blocks ALL Ghash.
32 min
33 min
37 min
57 min.

Jesus
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange

Heh, funny, all they need to do now is use blockchains graph for some false advertising
https://blockchain.info/pools?timespan=24hrs
Wink

Just sayin.....

It's not a "they" is a "me".
But feel free to tell the world I'm so amazing I got 20% of network  Grin

-Dave
full member
Activity: 238
Merit: 100
Kia ora!

Heh, funny, all they need to do now is use blockchains graph for some false advertising
https://blockchain.info/pools?timespan=24hrs
Wink

Just sayin.....
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