Topic: GHash.IO hashrate - page 3. (Read 3729 times)
Same thing is the observer effect with people who stand by when someone is in a crisis, and same thing as people who don't vote. People only think about their individual impact and aren't confident about the collective impact as a group - everyone feels they are an exception.
The ghash.io thing where people keep joining ghash faster it gets closer to 51% reminds me of the movie Untraceable where a serial killer ties up his victims and puts them on a Youtube feed with a system where the more people that are watching a video, the faster the victim dies, and then millions of viewers exponentially pile in to watch, brutally killing the victim.
Is it a good movie or it's just gore like saw??
The ghash.io thing where people keep joining ghash faster it gets closer to 51% reminds me of the movie Untraceable where a serial killer ties up his victims and puts them on a Youtube feed with a system where the more people that are watching a video, the faster the victim dies, and then millions of viewers exponentially pile in to watch, brutally killing the victim.
"Hey, everyone else is mining over there. It must be better!"
The problem is it actually is better than any of the alternatives. I wonder why nobody set up a pool that can actually compete.
No doubt the permabulls and nutters will sweep this under the carpet. It's a gigantic clusterfuck.
It happened: https://blockchain.info/double-spends
Ghash is moving between 50 and 49%... New people registering most definitely, and then GHash shuts down their own units.
Ghash is moving between 50 and 49%... New people registering most definitely, and then GHash shuts down their own units.
I think I'm going to spend some HODLED bitcoins on a non GHash.io cloud miner. Any suggestions..?
Do you guys think it is an accident that the GHash is where it is right now? I mean, I believe the majority of its hashing power is from big professional miners (they know what they are doing), not small hobbyists....
If you look at the service they offer, you'll see a blatant reason why this happens (one of many actually). From a competitive business perspective, they've covered all bases - cloud mining contracts, hardware mining, merged mining, and then trade it like a commodity on cex.io. One-stop-shop business model that nobody else offers; at least, not as well executed
Visit https://ghash.io/ and see for yourself.
Yes, I know their business model. Still, I would assume they have several +50TH/s professional miners there.
Do you guys think it is an accident that the GHash is where it is right now? I mean, I believe the majority of its hashing power is from big professional miners (they know what they are doing), not small hobbyists....
If you look at the service they offer, you'll see a blatant reason why this happens (one of many actually). From a competitive business perspective, they've covered all bases - cloud mining contracts, hardware mining, merged mining, and then trade it like a commodity on cex.io. One-stop-shop business model that nobody else offers; at least, not as well executed
Visit https://ghash.io/ and see for yourself.
Do you guys think it is an accident that the GHash is where it is right now? I mean, I believe the majority of its hashing power is from big professional miners (they know what they are doing), not small hobbyists....
They are back up to 50% right now. This is horrible, everyone should stop using GHASH.IO right now.
Lol. 51% is just a figure of speech. You only need 50.0000000000000000000000000000000000000001% to attack. They've reached that and have not attacked as of yet.
You can attempt double spends at 20-30-40%
It's all based on probability and how deep the transaction is in the chain.
Lol. 51% is just a figure of speech. You only need 50.0000000000000000000000000000000000000001% to attack. They've reached that and have not attacked as of yet.
It just dropped to 49%. Immediate disaster averted.
And back up to 50% again.
And 49% again. They're on the edge and keep flipping.
When it hits 51% BTC explodes
It just dropped to 49%. Immediate disaster averted.
And back up to 50% again.
And 49% again. They're on the edge and keep flipping.
It just dropped to 49%. Immediate disaster averted.
And back up to 50% again.
"Hey, everyone else is mining over there. It must be better!"
Why is that whenever this crisis starts ,it accelerates and more and more people join the pool rather than leaving it?
This is a very good question.
It just dropped to 49%. Immediate disaster averted.
Why is that whenever this crisis starts ,it accelerates and more and more people join the pool rather than leaving it?
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