So it's not safe to stay in LTC anymore? Why do they let it become so high, if there is a 51% attack then lTC dies not?
(don't know exactly how 51% works)
Topic: WARNING: Potential 51% attack on Litecoin by GHash (Read 4366 times)
Bump,
I was just reading this, because i'm not a miner can someone say if this 51% attack is still on there? or it's not an issue anymore?
Tnx
I was just reading this, because i'm not a miner can someone say if this 51% attack is still on there? or it's not an issue anymore?
Tnx
looks like its over
I was curious and decided to point some hash there.
Not really. Stil 1.25x is more than anywhere else... Quote
Doubled rewards for LiteCoin mining ends in [6 days, 33 minutes, and 54 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.
Pool Speed Reward multiplier
0 – 40 GH/s x2
40 – 60 GH/s x1.25
60+ GH/s x1
So that's how they weasel out of the promised double rewards. More arbitrary bullshit ... To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.
Pool Speed Reward multiplier
0 – 40 GH/s x2
40 – 60 GH/s x1.25
60+ GH/s x1
Haha, they lost 3/4 of their miners almost instantly after the promotion ended.
If they weren't so deceitful with the promotion to begin with I think a lot of people would have stayed, I know I would have. They had to know that doubling payouts was going to attract a lot of attention so they should have planned better.
I agree. Classic bait and switch. I probably would have stayed an exceptional amount of time if they didn't change the promotion's terms.
Haha, they lost 3/4 of their miners almost instantly after the promotion ended.
If they weren't so deceitful with the promotion to begin with I think a lot of people would have stayed, I know I would have. They had to know that doubling payouts was going to attract a lot of attention so they should have planned better.
Haha, they lost 3/4 of their miners almost instantly after the promotion ended.
I left the second day in. Pretty lame bait and switch move they pulled. 
just a reminder, don't forget to leave this pool, since promo is over, let them have their 'medicine' for lying and changing terms as they wanted.
PS, tried to withdraw mined litecoins from them, after 3 hours they haven't arrived yet..
PS, tried to withdraw mined litecoins from them, after 3 hours they haven't arrived yet..
It looks like GHash.io's litecoind (or equivalent) was desynced from the rest of the Litecoin network for a few hours. GHash.io was continually trying to solve block #531801 because, for whatever reason, it had not received the dozens of blocks which had been found by the network since that one.
The situation appears to have been resolved now, since a few minutes ago Ghash.io found block #531891.
The situation appears to have been resolved now, since a few minutes ago Ghash.io found block #531891.
Looks like the wheels are coming off at Ghash.io's LTC pool:
Not sure what the heck is going on. My workers are filling up the shifts, but the block payouts are MESSED up
Not sure what the heck is going on. My workers are filling up the shifts, but the block payouts are MESSED up
It's broken. Support has been notified and they've escalated it up the chain.
Looks like the wheels are coming off at Ghash.io's LTC pool:
http://i650.photobucket.com/albums/uu229/ericisback1/photo-4.jpg
Not sure what the heck is going on. My workers are filling up the shifts, but the block payouts are MESSED up
http://i650.photobucket.com/albums/uu229/ericisback1/photo-4.jpg
Not sure what the heck is going on. My workers are filling up the shifts, but the block payouts are MESSED up
The issue is also the lack of honesty that is becoming prevalent in this scene.
I used to somewhat care about that if it wasn't for the collective of this forum being.. well.. dumb.
There's a massive cry here calling GHash a scam over what objectively is just a promotion that grew much bigger than they were able to handle.
Yet obvious ponzi scams like PBMining get the benefit of the doubt.
I'm convinced the masses have forgot the meaning of scam and quite honestly deserve to lose their money in actual scams.
If the promotion grew too big and they can't handle it, just be honest and say so.
Edit: oh, a profit pool is proxying into Ghash.io: https://bitcointalk.org/index.php?topic=433634.2420. What a charade.
Actually ghash is getting screwed, because obviously there's no loyalty here.
Yeah I would totally dump my Litecoins if I had any.
The issue is also the lack of honesty that is becoming prevalent in this scene.
I used to somewhat care about that if it wasn't for the collective of this forum being.. well.. dumb.
There's a massive cry here calling GHash a scam over what objectively is just a promotion that grew much bigger than they were able to handle.
Yet obvious ponzi scams like PBMining get the benefit of the doubt.
I'm convinced the masses have forgot the meaning of scam and quite honestly deserve to lose their money in actual scams.
ITT: Entitled brats bitching about getting only 25% free bonus coins instead of 100%.
Ghash owes you nothing. Stop acting like entitled jackasses.
The issue for me, is also the lack of honesty that is becoming prevalent in this scene. People would understand if they said: "Sorry guys, we didn't predict the success of the campaign, we simply cannot afford 2x payout!". Instead they weasel out with feel-good bullshit, oh the protectors of the Litecoin network Ghash owes you nothing. Stop acting like entitled jackasses.
That said, I don't give a crap either way. If I want ~1.25x LTC, I load balance between Wafflepool and Clevermining, but I rather be on Darkcoin or Max and have 2/3rd of the power consumption and -15ºC on my cards.
ITT: Entitled brats bitching about getting only 25% free bonus coins instead of 100%.
Ghash owes you nothing. Stop acting like entitled jackasses.
Ghash owes you nothing. Stop acting like entitled jackasses.
+1 instead of bitching please go somewhere else and stop crying about it
ITT: Entitled brats bitching about getting only 25% free bonus coins instead of 100%.
Ghash owes you nothing. Stop acting like entitled jackasses.
Ghash owes you nothing. Stop acting like entitled jackasses.
23.70 Gh/s - value 62.5025, not 100, what a scammers
Fuck these scammers. Back to Darkcoin and it's low power usage ...
Edit: I guess for some of you guys 1.25x LTC is a good deal, since the pool has been above 25 Gh/s for almost 8 hours.
Edit: I guess for some of you guys 1.25x LTC is a good deal, since the pool has been above 25 Gh/s for almost 8 hours.
Jump to: