Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 80. (Read 422328 times)

Love PR speak. 5 paragraphs of text for what is essentially two letters: F U.

Rapid growth of GHash.IO mining pool, seen over the past few months, has been driven by our determination to offer innovative solutions within the Bitcoin ecosystem combined with significant investment in resource. Our investment, participation and highly motivated staff confirm it is our intention to help protect and grow the broad acceptance of Bitcoin and categorically in no way harm or damage it. We never have and never will participate in any 51% attack or double spend against Bitcoin. Still, we are against temporary solutions, which could repel a 51% threat.

In any market, competition and innovation drives growth and that is particularly true in an emerging and disruptive environment such as Bitcoin. Successful and innovative companies cannot be expected to limit their growth or competitiveness as a direct result of their success. However, this is the situation we find ourselves in when faced with the community perception of the threat of a 51% attack on Bitcoin. Asking our users to not use our services or to use competing solutions is not conducive to fostering innovation. Implementing a pool fee to our pool contradicts principles of our operation from the very launch of GHash.IO. It also does not address the core issue only pushing the problem a few weeks or months down the road when another pool or perhaps GHash.IO again grows towards 51%.

We do fully recognise the concerns and possible threat posed by an entity with malicious intent taking control of enough mining power to exploit the 51% scenario, but we also have confidence and agree with the views expressed by the Bitcoin Foundation that any such exploitation or attack ”would be obvious it was happening, and pretty easy to defend against. The transparent nature of the blockchain provides unprecedented insight for all to investigate and report such behaviours.

We also recognise however that a long term preventative solution to the threat of a 51% attack does have to be found, the current situation we find ourselves in (essentially being punished for our success) is damaging not only to us, but to the growth and acceptance of Bitcoin long term, which is something we are all striving for.

To that effect we are in the process of arranging contact to the leading mining pools and Bitcoin Foundation to propose a ‘round table’ meeting of the key players with the aim of discussing and negotiating collectively ways to address the decentralisation of mining as an industry. Our aim is to do this quickly with a possible date coinciding with the CoinSummit Conference in London.

I'm not mining anymore unfortunately. But I'd like to see their statement. We have to see what they are gonna do about decentralization.

Genesis-mining, The Scrypt Cloudmining Website.
https://www.youtube.com/watch?v=CC_kO6VqlWw

check out my interview with CIO of ghash/cex - http://fuk.io/cexio-ghashio-jeffrey-smith-interview-exclusive/

Yeah, but are there any other pools where you can buy % of gHs all I've seen is "contracts."

Why on earth are you waiting? Their statements are bullshit anyway - just go somewhere else 

They promised a statement, and we've been waiting for it for 3+ days.

They pi**ed some...
The 51% story isn't  very well managed from Cex.io...

Error 522 is not much fun

It's down for my as well. It's been off and on like this for a few days, but now it's just off. Maybe they are changing some stuff up for this drop in worth. Who knows.

Ghash.io front end here is back. Seems they are moving some hashpower out of ghash.io

Solution is competition.. Who ever comes along and does just as good of a job can help the network.

charge a fee to mine here guys,anything it doesnt matter, 0% is too dam attractive.

Well they obviously waited too long to do anything meaningful and now they've been getting DDoS'ed all morning. I don't see how they didn't see that coming. I believed in Ghash. I pulled my hardware off their pools long ago, and now I don't even want to trade their. Seeing the GHS price at a 10 week high in the midst of BTC price drops, their platform instability, etc.... something is so very fundamentally wrong.

Can't wait to see what bullshit will be in the official statement. It's taking quite long.
Why's it so hard to decentralize for them? Greed?

I agree that is what they should do but they are to greedy for that . And not only them its all the miners and other pools that joined them, and they continue doing that for some extra profit. Its everybody fault not only cex.

what I find is irresponsible is that other pools hop onto ghash  .. Yeah you multipool.us!!.. and im sure there are others... that is part of the bigger issue.. you smaller pools think since you haven't found a block in a couple days that you can take your enormous hash and jump to another pool.. that has to stop.. and yes I believe if you have over 1 ph but maybe less, then you need to either goto to p2p pool or solo.  you don't need to be on another pool.. That's greed!!!  Also all the other pools get with the program and start merge mining.. offer the same benefits as cex/ghash and this wouldn't be a problem.  and also we aren't at 51 %  we have been real lucky if you look at zeroblock the network is at 100 ph so 42 ph/100ph is not 51.. Have a good day:D

73's

d57heinz
In Bitcoin We Trust

CEX/Ghash - You're so full of shit it's not funny. Nobody believes you because of your previous lies. Here's what you do:

1) Stop accepting new miners, so that they choose a different pool & distribute the hash rate.

2) If this doesn't have the desired effect, stop some of your mining hardware temporarily until other pools have caught up.

3) Easy isn't it?

If you haven't worked this out since February, you're either stupider than we all thought or don't give a toss. Or both.

wise words!