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Topic: stop mining at ghash.io you FUCKTARDS - page 2. (Read 7531 times)

hero member
Activity: 692
Merit: 500
February 02, 2014, 05:09:00 PM
#45
Lots of downtime yesterday. It would appear the reports of compensation are coming from CEX customers only

Ghash pool miners there received no rewards from blocks
283692
283697
283701
283703
283705
283713
283716
283717
283718


Correction, these block rewards were subsequently paid out correctly, they were paid later and in reverse sequence.

I already updated the reddited thread to remove the comment about missing block rewards but forgot to do so here. Ghash is such a big pool, they mine so many blocks that you feel like a loser mining with anybody else, but their reliability is terrible. Rejected/orphaned block should be at worst 1%

Ghash are 6% right now, and are typically 2-4%
http://www.reddit.com/r/Bitcoin/comments/1vu7z0/ghash_8_rejected_blocks/
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
February 01, 2014, 08:35:46 AM
#44
Quote
The home of the Bank of the England and one of the most recognisable businesses address in the World. If you are connected to the banking or finance industry this is Virtual Address can give you access to the globe’s major organizations.
Yeah.

Registering your office in the middle banking central (City of London) show a complete lack what Bitcoin stands for... creating an unbanked money system!

Oh, I don't know. It appeals to my smartassery. What bigger middle finger than a non government currency being administered, in part, at the apex of modern fantasy money shenanigans?

hero member
Activity: 490
Merit: 500
February 01, 2014, 07:38:11 AM
#43
Quote
The home of the Bank of the England and one of the most recognisable businesses address in the World. If you are connected to the banking or finance industry this is Virtual Address can give you access to the globe’s major organizations.
Yeah.

Registering your office in the middle of banking central (City of London) show a complete lack what Bitcoin stands for... creating an unbanked money system!
member
Activity: 98
Merit: 10
Village Idiot
January 31, 2014, 09:14:30 PM
#42
This is all pure speculation, tin foil hat stuff, but...

CEX.IO LTD (UK Company No. 08757996)
SUITE 319-3
32 Threadneedle Street
London
EC2R 8AY

​Bank of England,
Threadneedle St              
London
EC2R 8AH
​    ​    ​
I find it odd that nobody has been able to create a Bitcoin exchange in the United Kingdom since Bitcoins inception (because banks close their account) yet one manages to open up right next to the central bank of England, in the City of London (Where all the other "old money" banks are located)!

They're not based in London. 32 Threadneedle Street happens to be the address of a "virtual office" service, and they are located at 32 Threadneedle specifically to give the illusion of gravitas to businesses that lack it.

See here: http://www.beoffices.com/our-products/virtual-offices/virtual-office-locations/london-city/threadneedle-street

From the virtual office service's website:

Quote
The home of the Bank of the England and one of the most recognisable businesses address in the World. If you are connected to the banking or finance industry this is Virtual Address can give you access to the globe’s major organizations.

Yeah.
hero member
Activity: 490
Merit: 500
January 31, 2014, 02:07:55 PM
#41
Miners don't have the incentive to undermine peoples' trust in Bitcoin.

Well... not until JPMorgan Chase decides to provide the incentive for a large pool operator to attack Bitcoin....

Wink


Miners can find out easily and will complain loudly, "I found a block, but my node doesn't even see it on the network! Something fishy must be going on with the pool!"

I think you put too much faith in your typical hasher...

Should an attack come from centralization of the hashing power, it's damage will already be done before the miners can react. This is why a proactive approach is preferred (do not centralize the hashing power).

This is all pure speculation, tin foil hat stuff, but...

CEX.IO LTD (UK Company No. 08757996)
SUITE 319-3
32 Threadneedle Street
London
EC2R 8AY

​Bank of England,
Threadneedle St              
London
EC2R 8AH
​    ​    ​
I find it odd that nobody has been able to create a Bitcoin exchange in the United Kingdom since Bitcoins inception (because banks close their account) yet one manages to open up right next to the central bank of England, in the City of London (Where all the other "old money" banks are located)!

The (Secret) City of London http://www.youtube.com/watch?v=LrObZ_HZZUc for those who have never heard of it.

Both USA and UK use ESFs (Exchange Stabilization Funds) to manage currency prices in the market.
Could this be the reason the Bitcoin price has become so stable of late?  Wink
hero member
Activity: 692
Merit: 500
January 31, 2014, 09:02:39 AM
#40
x/post - 5% again


This chart:



indicates that BTC Guild's percent of orphaned blocks was 1.3%.  Since BTCG pays for orphaned blocks, am I correct in thinking that this effectively reduces the 3% transaction fee to 1.7% (not considering other factors that reduce the fee further)?

1.3% is slightly above normal for BTC Guild.  I always use 1% as the rule of thumb for orphans.  So compared to other pools which do not pay orphans, it is effectively a 2% fee for BTC Guild.  Less if the other pool fails to pay transaction fees or namecoins.

email conversation with Organofcorti

Quote
>I think including orphans in the calculations would be a mistake. For example in Giga's last week of operation it had 2 orphans. If they were included the calculations would have been horribly skewed. Better to include stale/orphans in a separate column.

I understand where you're coming from, but there are a couple of things that need to be taken into account.
1.The "luck" calculation is based on the number of shares per solved block - not shares per block accepted by the network.
2. Orphaned blocks should be assessed separately, but I haven't found a reliable way to do that yet. I can simply report the number of orphans, but that doesn't tell anyone whether that is too many or too few or expected due to variance.
3. I would like to report average earnings (which would take orphaned blocks into account) but the various reward methods make this problematic.

So when looking at the luck of a pool that does not pay for orphans, stale/orphaned/rejected blocks will negatively impact earnings but these rejects are still counted in the luck calculation making it artificially high

http://www.reddit.com/r/Bitcoin/comments/1vu7z0/ghash_8_rejected_blocks/

As of right now, ghash has 5% block reject rate
hero member
Activity: 868
Merit: 1000
January 29, 2014, 03:40:28 AM
#39
6.05PH/s of hashrate are still mining at ghash now, despite their terrible reliability, the 8/77 block reject rate last week, and their currently 5/100 reject rate right now

They should be mining 2.3 blocks/hour but in the middle of this all they had the following run, with 2 rejected blocks

Quote
an hour, an hour, an hour, an hour, 38 mins, an hour, 3 hours, an hour, an hour, an hour, 17 mins

Why the reject rate is that high recently?
I didn't recall such bad situation previously in ghash.io...
hero member
Activity: 561
Merit: 500
January 29, 2014, 02:34:58 AM
#38
As title says!

I will only stop mining if you do! Cheesy


I of course do not mine there.

Do you think that I, the creator of the thread "stop mining at ghash.io you FUCKTARDS" would...mine at gash.io?

I use eligius Smiley

lol.
sr. member
Activity: 381
Merit: 250
January 28, 2014, 02:52:09 PM
#37
do you earn in progress with continuous errors if the error persists inappropriate
hero member
Activity: 968
Merit: 515
January 28, 2014, 09:45:37 AM
#36
I wonder if anyone has stopped mining there just because of this thread and no other reason. Huh
I doubt that. These greedy a#holes mining at ghash don't care if someone calls them fucktards.

Quote
I don't remember people panicking as much with deepbit in 2011.
1. Ghash is more than unstrustworthy. I trust BFL more than I do ghash.
2. There is much more at stake now.
hero member
Activity: 490
Merit: 501
January 27, 2014, 11:07:40 PM
#35
I wonder if anyone has stopped mining there just because of this thread and no other reason. Huh
hero member
Activity: 692
Merit: 500
January 27, 2014, 08:07:28 PM
#34
6.05PH/s of hashrate are still mining at ghash now, despite their terrible reliability, the 8/77 block reject rate last week, and their currently 5/100 reject rate right now

They should be mining 2.3 blocks/hour but in the middle of this all they had the following run, with 2 rejected blocks

Quote
an hour, an hour, an hour, an hour, 38 mins, an hour, 3 hours, an hour, an hour, an hour, 17 mins
newbie
Activity: 30
Merit: 0
January 21, 2014, 04:51:02 PM
#33
In what world does calling people names get them to do what you want?
IMHO At the very least it grabs your attention.  Wink
hero member
Activity: 490
Merit: 501
January 21, 2014, 04:48:01 PM
#32
In what world does calling people names get them to do what you want?
legendary
Activity: 1652
Merit: 1029
January 19, 2014, 09:29:51 PM
#31
As title says!

I will only stop mining if you do! Cheesy


I of course do not mine there.

Do you think that I, the creator of the thread "stop mining at ghash.io you FUCKTARDS" would...mine at gash.io?

I use eligius Smiley
member
Activity: 98
Merit: 10
Village Idiot
January 19, 2014, 07:13:13 PM
#30
Wow!  Something we both basically agree on.   See there is some common ground.

Welcome to my ignore, you stupid fuckwit.
hero member
Activity: 630
Merit: 501
January 19, 2014, 06:48:41 PM
#29
As title says!

I will only stop mining if you do! Cheesy
hero member
Activity: 854
Merit: 510
January 19, 2014, 06:16:58 PM
#28
Wow!  That kind of thinking seems to be common.

That's because it's common sense. Bitcoin is only secure when no single entity has too much power.

It isn't common sense, it is FUD.  With something like a 51% attack, of which there are many possible forms that have nothing to do with having a majority of the network, there would be a hard record left of exactly what happened.   That limits the scope of any such attack.  

If you don't what ghash.io to grow over 51% then the solution is to offer better alternatives.   The combination of cex.io/ghash.io is a winning concept.   Competition is the solution, not running around like a chicken with its head cutoff.  

With a fiat currency there is a vast amount of crimes and fraud.   Yet fiat currencies survive just fine.

Generally speaking, the crimes and fraud committed with fiat currency don't destabilize the entire currency. This point is irrelevant.

How is it irrelevant?  It is exactly the same issue!   Learn some history, crime has destabilized currencies in the past, generally when carried out by governments.  That is the primary problem is counterfeiting which is basically the same as a double spend.  Most crimes don't destabilize a current currency and bitcoin would be the same.   The Bitcoin network would survive because the blockchain would forked with changes in place to address the issue.  

Most likely Bitcoin would survive a 51% attack and whoever did it would be found out.

We don't know that. But why risk it?

Because you can't prevent it by the methods you are using.   The only sure prevention is competition and growing Bitcoin.  This kind of fear mongering doesn't help and only hurts Bitcoin.

Then it would be a matter for the courts.

Unlikely. There aren't any specific laws against a 51% attack, and the jurisdictional aspect of it is a nightmare. The ghash.io operator is (I think) in The Ukraine. Not much that a court anywhere else can do about that, and I doubt the courts in The Ukraine give a shit.

Maybe, maybe not.  Cex.io is operating out of London, but I have like you don't know where all the owners are for sure.   Anyway you are automatically assuming that Cex.io is a criminal organization.   It is just more likely they came up with a killer concept and are cleaning up because of it.   If you don't like it, offer something better!

The fear is irrational.

Frankly, I don't think you have any idea what you're talking about, and calling this fear irrational paints you as naive, at best.

Frankly, I don't think you have any idea what you're talking about, and creating this irrational fear paints you as naive, at best.

Wow!  Something we both basically agree on.   See there is some common ground.  

---------------------------------------

The solution is simple to understand, may be harder to implement.  Offer people better choices!   Competition is what will spread the distribution of miners out.   Self policing isn't a real solution.  
member
Activity: 98
Merit: 10
Village Idiot
January 19, 2014, 10:03:32 AM
#27
Wow!  That kind of thinking seems to be common.

That's because it's common sense. Bitcoin is only secure when no single entity has too much power.

With a fiat currency there is a vast amount of crimes and fraud.   Yet fiat currencies survive just fine.

Generally speaking, the crimes and fraud committed with fiat currency don't destabilize the entire currency. This point is irrelevant.

Most likely Bitcoin would survive a 51% attack and whoever did it would be found out.

We don't know that. But why risk it?

Then it would be a matter for the courts.

Unlikely. There aren't any specific laws against a 51% attack, and the jurisdictional aspect of it is a nightmare. The ghash.io operator is (I think) in The Ukraine. Not much that a court anywhere else can do about that, and I doubt the courts in The Ukraine give a shit.

The fear is irrational.

Frankly, I don't think you have any idea what you're talking about, and calling this fear irrational paints you as naive, at best.

However, if there were an attack it probably won't happen from a pool, it will probably come from a government that has vast resources compared to the Bitcoin network.   In that case there isn't anything that can be done to prevent it and all this running around and screaming about ghash.io is just a waste.

Good point. We should all just sit on our hands and do nothing, then. Might as well give up now, and just stop trying.

 Roll Eyes
newbie
Activity: 26
Merit: 0
January 19, 2014, 04:09:11 AM
#26
bump!! stay away pls !! eligious is far better !
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