Topic: GHash.IO is standing at 51% - page 3. (Read 5399 times)

Quote from: Parazyd on June 14, 2014, 03:54:56 AM

We should see CEX.IO's statement and see what they are going to do.
Depending on how that unravels, it wouldn't be a bad idea to DDoS.

But DDoSing or Booting a service wouldn't really call anything in our favor. Bitcoin and other cryptos have a special feature, one that many currencies don't have. People aren't denied to mine, or have it. Nobody can confiscate it.

If we DDoS CEX/GHash just because they're mining, and yes, they might be getting close to 51%, that's still not a excuse to say, "Yeah. They're getting close to doing something dangerous. Let's make a exception." Because if that was the case, I don't think Bitcoin would be were it is now.

We are not talking about denying anyone the ability to mine here. We are talking about ways the community can proactively take action in order to reduce the risk of another market crash. Arguing that taking an action which some people might consider unethical in response to a credible threat to billions of dollars of market capitalization just to protect the interest of a few, mostly anonymous individuals at GHash.io doesn't make any business sense at all. 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%. They made their intentions very clear by their actions and so it is time to consider other options.

Exactly. You can't just trust them. Who are they? Nobody knows who's behind CEX and GHash.
We could and should react if they keep doing this.

I just found one behind CEX.IO. Jeffrey Smith, Chief Information Officer at CEX.IO => http://uk.linkedin.com/pub/jeffrey-smith/30/76b/ba3

He's just their public relations person.

Public relations person will know the employer... right ? We need the missing link.

Detailed Discussion: https://bitcointalksearch.org/topic/who-own-ghashio-cexio-647561

Why don't you just email him then? Cheesy

You won't find out the owners that easily. Not unless they step out of the shadow.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

Quote from: BitCoinDream on June 14, 2014, 03:53:10 AM

Quote from: BitCoinDream on June 14, 2014, 03:53:10 AM

We should see CEX.IO's statement and see what they are going to do.
Depending on how that unravels, it wouldn't be a bad idea to DDoS.

But DDoSing or Booting a service wouldn't really call anything in our favor. Bitcoin and other cryptos have a special feature, one that many currencies don't have. People aren't denied to mine, or have it. Nobody can confiscate it.

If we DDoS CEX/GHash just because they're mining, and yes, they might be getting close to 51%, that's still not a excuse to say, "Yeah. They're getting close to doing something dangerous. Let's make a exception." Because if that was the case, I don't think Bitcoin would be were it is now.

We are not talking about denying anyone the ability to mine here. We are talking about ways the community can proactively take action in order to reduce the risk of another market crash. Arguing that taking an action which some people might consider unethical in response to a credible threat to billions of dollars of market capitalization just to protect the interest of a few, mostly anonymous individuals at GHash.io doesn't make any business sense at all. 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%. They made their intentions very clear by their actions and so it is time to consider other options.

Exactly. You can't just trust them. Who are they? Nobody knows who's behind CEX and GHash.
We could and should react if they keep doing this.

I just found one behind CEX.IO. Jeffrey Smith, Chief Information Officer at CEX.IO => http://uk.linkedin.com/pub/jeffrey-smith/30/76b/ba3

He's just their public relations person.

Public relations person will know the employer... right ? We need the missing link.

Detailed Discussion: https://bitcointalksearch.org/topic/who-own-ghashio-cexio-647561

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

We should see CEX.IO's statement and see what they are going to do.
Depending on how that unravels, it wouldn't be a bad idea to DDoS.

But DDoSing or Booting a service wouldn't really call anything in our favor. Bitcoin and other cryptos have a special feature, one that many currencies don't have. People aren't denied to mine, or have it. Nobody can confiscate it.

If we DDoS CEX/GHash just because they're mining, and yes, they might be getting close to 51%, that's still not a excuse to say, "Yeah. They're getting close to doing something dangerous. Let's make a exception." Because if that was the case, I don't think Bitcoin would be were it is now.

We are not talking about denying anyone the ability to mine here. We are talking about ways the community can proactively take action in order to reduce the risk of another market crash. Arguing that taking an action which some people might consider unethical in response to a credible threat to billions of dollars of market capitalization just to protect the interest of a few, mostly anonymous individuals at GHash.io doesn't make any business sense at all. 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%. They made their intentions very clear by their actions and so it is time to consider other options.

Exactly. You can't just trust them. Who are they? Nobody knows who's behind CEX and GHash.
We could and should react if they keep doing this.

I just found one behind CEX.IO. Jeffrey Smith, Chief Information Officer at CEX.IO => http://uk.linkedin.com/pub/jeffrey-smith/30/76b/ba3

He's just their public relations person.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

We should see CEX.IO's statement and see what they are going to do.
Depending on how that unravels, it wouldn't be a bad idea to DDoS.

But DDoSing or Booting a service wouldn't really call anything in our favor. Bitcoin and other cryptos have a special feature, one that many currencies don't have. People aren't denied to mine, or have it. Nobody can confiscate it.

If we DDoS CEX/GHash just because they're mining, and yes, they might be getting close to 51%, that's still not a excuse to say, "Yeah. They're getting close to doing something dangerous. Let's make a exception." Because if that was the case, I don't think Bitcoin would be were it is now.

We are not talking about denying anyone the ability to mine here. We are talking about ways the community can proactively take action in order to reduce the risk of another market crash. Arguing that taking an action which some people might consider unethical in response to a credible threat to billions of dollars of market capitalization just to protect the interest of a few, mostly anonymous individuals at GHash.io doesn't make any business sense at all. 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%. They made their intentions very clear by their actions and so it is time to consider other options.

Exactly. You can't just trust them. Who are they? Nobody knows who's behind CEX and GHash.
We could and should react if they keep doing this.

I just found one behind CEX.IO. Jeffrey Smith, Chief Information Officer at CEX.IO => http://uk.linkedin.com/pub/jeffrey-smith/30/76b/ba3

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: pajak666 on June 13, 2014, 05:39:46 PM

We should see CEX.IO's statement and see what they are going to do.
Depending on how that unravels, it wouldn't be a bad idea to DDoS.

But DDoSing or Booting a service wouldn't really call anything in our favor. Bitcoin and other cryptos have a special feature, one that many currencies don't have. People aren't denied to mine, or have it. Nobody can confiscate it.

If we DDoS CEX/GHash just because they're mining, and yes, they might be getting close to 51%, that's still not a excuse to say, "Yeah. They're getting close to doing something dangerous. Let's make a exception." Because if that was the case, I don't think Bitcoin would be were it is now.

We are not talking about denying anyone the ability to mine here. We are talking about ways the community can proactively take action in order to reduce the risk of another market crash. Arguing that taking an action which some people might consider unethical in response to a credible threat to billions of dollars of market capitalization just to protect the interest of a few, mostly anonymous individuals at GHash.io doesn't make any business sense at all. 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%. They made their intentions very clear by their actions and so it is time to consider other options.

Exactly. You can't just trust them. Who are they? Nobody knows who's behind CEX and GHash.
We could and should react if they keep doing this.

BitCoinDream

legendary

Activity: 2282

Merit: 1204

The revolution will be digital

If you are worried about high variance and loosing money start using PPS pools like polmine or eligius, nice and steady income.

Can u plz explain this high variance thing in simple term ? What does it mean ?

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

If you are worried about high variance and loosing money start using PPS pools like polmine or eligius, nice and steady income.

Jason

member

Activity: 114

Merit: 10

Quote from: Meuh6879 on June 13, 2014, 06:08:27 AM

We should see CEX.IO's statement and see what they are going to do.
Depending on how that unravels, it wouldn't be a bad idea to DDoS.

But DDoSing or Booting a service wouldn't really call anything in our favor. Bitcoin and other cryptos have a special feature, one that many currencies don't have. People aren't denied to mine, or have it. Nobody can confiscate it.

If we DDoS CEX/GHash just because they're mining, and yes, they might be getting close to 51%, that's still not a excuse to say, "Yeah. They're getting close to doing something dangerous. Let's make a exception." Because if that was the case, I don't think Bitcoin would be were it is now.

We are not talking about denying anyone the ability to mine here. We are talking about ways the community can proactively take action in order to reduce the risk of another market crash. Arguing that taking an action which some people might consider unethical in response to a credible threat to billions of dollars of market capitalization just to protect the interest of a few, mostly anonymous individuals at GHash.io doesn't make any business sense at all. 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%. They made their intentions very clear by their actions and so it is time to consider other options.

kokojie

legendary

Activity: 1806

Merit: 1003

btw, it's completely pointless to rally against GHash.io, since it charges 0 fee and provides good service, eventually all miners will flock to it, as any miner that does not use GHash.io is essentially losing money and will lose the mining competition. The only option is to build another pool with good service and 0 fee, and rely on community donations for operation cost.

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: Parazyd on June 13, 2014, 06:02:19 AM

They find the most blocks.

and it's a useless way of mining ... a pool that win more block don't pay more !
you win BTC with a constant GH/s speed.

even in a little pool ... you win the same amount even if it don't find more than 5 block per day.

That's highly misleading, a pool that solves more blocks, has lower variance, and miners LOVE low variance. Because a small pool that has high variance can possibly not solve any block for several days, and then difficulty may go up at this point, and you essentially has lost money.

acs267

hero member

Activity: 644

Merit: 500