Topic: GHASH.IO NOW 47% IN THE LAST 24 hrs - page 2. (Read 3184 times)

it was caused by the auction of the SR seized funds held at the end of month

+1

Not sure, but the crash last night was probably caused by this (unless we think it was the Expedia news ). That was way more than 2% loss for any miner who sells immediately. So this behavior already caused a loss.

It gets interesting when Expedia and others announce that they changed their minds about Bitcoin because they no longer deem Bitcoin secure.

Last time I checked Ghash doesn't actually take a fee so I wouldn't say they don't care, it's more of the fact they don't care enough for them to skip that extra 2% or whatever other pools charge them. It is rather surprising that they don't see it as potentially a threat that could make their hardware useless (as far as earning money goes) but probably they're thinking that everyone else will switch and they can continue to mine feeless.

Yes, it is amazing. Happens in politics all the time and people don't care - not till they look at barb wire from the wrong side, anyway.

Maybe they do care once their income drops to zero.

Relax, cex own hardware will be pointed to another pool automatically once GH gets too close to 50%.

If anyone builds a pool as good as GH, with same fees and merged mining capabilities, i am sure people will switch.

In the meantime, it is just one of the best pools around here, so naturally there will be many users.

Exactly leaserig.net is much much better. People try it out and change pool. I'm getting better money on pool like slush's or eligius than at ghash.io! People whats wrong with You !?

People, join leaserig.net, the payouts are better and you mine normally when your rigs aren't rented out. Unless, your renter points your miner to ghash anyways, then its a lost cause.

If this crap continue, daily income will be 0

blockchain.info/de/double-spends

irresponsible miners, get off this fucking pool

Death to GHash.io!

Are there any other pools that merge-mine IXC,DVC, and NMC alongside BTC like ghash.io?

For Bitcoin's sake, don't mine at the largest pool.

Dive.  Dive back down to $2.  GHash.io, go ahead and solve 10 blocks in a row.  If it's going down everybody is going down with them 

there is no one saying bitcoin will even be around 5 years from now. No one knew for sure 4 years ago when it was going than.
digital coins are a dime-a-dozen right now.
As far as I'm concerned this is all one giant experiment and it could all be worth nothing when we wake up.

Sorry to say but Bitcoin is doomed. No currency will ever go mainstream when a group can take over this easily. What happens when a big corporation or government actually makes mining even more appealing by paying miners a little extra to mine in their pool. All Ghash miners will jump ship along with others and soon the government will have the ability to do a 51% attack. The Blockchain is here to stay but Bitcoin may not be.

I totally agree  It's amazing just how so many people just don't seem to care? Or they just want to stick there head in the sand or simply give them the benefit of the doubt You would think after GOX ?Giving people the benefit of the doubt would go out the window! I think a huge part of it is there just simply aren't a lot of miners on these boards? There is just too many people that want to play Pump and Dump traders and all they care about is the MONEY Then I'm pretty sure there is also plenty of SOCK PUPPETS to try and convince people  there is nothing to worry about?They don't want the Golden Cow to stop giving Milk!
 They have just about literally hijacked the whole network! Just look at how many streaks of blocks found in a row!! Streaks of 6+ found in a row or five out of every six  blocks found on a regular  
 Makes you wonder what is it going to finally take for people to become concerned? When whole days go by and it's nothing but Ghash monopolizing ALL BLOCKS FOUND?When it's too late?
  But it's times like these you find out WHO IS REALLY DOWN FOR THE CAUSE! WHO is in it just for the MONEY? or for the Technology and the Freedom from FIAT that Bitcoin can BRING With that being said? watch out ! THE TROLLS SHOULD BE COMING OUT in FULL FORCE ANY MINUTE! You know the ones who never mined a block in there entire life pretending they know the answer and everything is going to be alright and nothing to worry about and Ghash are the good guys   and it would be in there best interest to never double spend? the last time it happened it was just a FLUKE! and they did promise it would never happen again it wasn't their fault Funny how history always repeats itself and people always have to learn THE HARD WAY!!!

A heavy Bitcoin price crash will take care of it and I see that coming pretty soon if the situation with GHASH doesn't get resolved. I hope they come to their senses before its too late!

they offer merged mining and they don't charge a mining fee and auto payouts are free as well.
No other pool is offering that and have enough hash power to compete with the daily income currently.
afaik.

I don't know how the get rid of the 51% threat but Isn't one way to lure people away from these Pools threatening a 51% attack  for the community to set up another pool(s) with cheaper fees.

Waste of bandwidth to even type it at this point, because it's been said in 39,000 different threads.

but lemme spell it out to you, point by point.

Miners... Don't... Care... At least the ones still on Ghash. They've got their low variance, and when Bitcoin is worthless, they'll have a lot of them. These are probably the same people who thought they were gonna get rich off Beanie Babies.

Ghash.io/Cex.io DEFINITELY doesn't care. They've got their steady income, and as long as Bitcoin is worth more than the electrical bills and equipment investment, they'll keep the doors open.

Those miners that are not using Ghash CARE, but can't do a damn thing about it. Thus Ghash thumbs its nose at us.

So, yeah... 51% attack is pretty much guaranteed. And all we can do is lie back and let it happen.