GHash should not allow over 40% of the net, period.
They should either redirect the hash to other multipools, then payout,
or raise their fees constantly to get people to leave when over 40%.
I only mined with them during their LTC promo, and now Coinotron has
the same problem going on with LTC. I personally use many good multi
pools. One of the best is in my sig.
Topic: Who the hell is still mining on GHash.IO? GTFO that pool already!!! - page 2. (Read 4625 times)
June 13, 2014, 04:03:58 PM
June 13, 2014, 09:31:57 AM
God damn those fuckers! I don't trust them one bit...
These guys better come up with a good solution for this soon...
Quote
CEX.IO
?@cex_io
We are not intending to capture the 51% of the overall #Bitcoin hashrate. Working on solutions for decentralising Bitcoin mining. Stay tuned
?@cex_io
We are not intending to capture the 51% of the overall #Bitcoin hashrate. Working on solutions for decentralising Bitcoin mining. Stay tuned
These guys better come up with a good solution for this soon...
June 13, 2014, 09:24:30 AM
We need a pool operator to set up and offer 0%
There are lots of 0% pool out there.
June 13, 2014, 09:23:02 AM
We need a pool operator to set up and offer 0%
Which person is going to support other people's mining endeavors at his/her own wallet's expense? None that I know of (at least on a large scale).
We need to educate the retards who are pushing the public part of GHash.IO to 50% to get off that pool.
Save 1% in fees and mine a dead coin
June 13, 2014, 09:17:16 AM
We need a pool operator to set up and offer 0%
June 13, 2014, 08:27:02 AM
But seriously though.
The whole point of having an open source, peer to peer distributed monetary system with a public ledger is so we don't need to trust any single entity.
Ghash.IO undermines the fundamental concept of why Bitcoin was created in the first place.
Satoshi would be turning in his grave right now. May her soul rest in peace.
The whole point of having an open source, peer to peer distributed monetary system with a public ledger is so we don't need to trust any single entity.
Ghash.IO undermines the fundamental concept of why Bitcoin was created in the first place.
Satoshi would be turning in his grave right now. May her soul rest in peace.
Well, maybe this monetary system is not as great as we all think.
Ghash is playing entirely within the parameters allowed by the system.
June 13, 2014, 08:13:24 AM
I am 
too lazy to switch.
too lazy to switch. 
June 12, 2014, 10:38:00 PM
For Bitcoin's sake, don't mine at the largest pool.
June 12, 2014, 10:26:16 PM
As many have pointed out before, ghash.io has the best pool to point your hardware at because they've got the most useful features, and I think their popularity says it all.
Some features are, I would imagine, easy for other pools to implement such as being able to split your auto-payouts to multiple wallets on a percentage basis, something that's only attractive to large-scale multi-party operations.
If I was in cex.io's position I wouldn't dare double-spend, but then again I wouldn't start a ponzi scheme on wall street but that doesn't stop perfectly intelligent & sane individuals form doing it anyway because greed & power are the most addictive drugs you on earth.
Some features are, I would imagine, easy for other pools to implement such as being able to split your auto-payouts to multiple wallets on a percentage basis, something that's only attractive to large-scale multi-party operations.
If I was in cex.io's position I wouldn't dare double-spend, but then again I wouldn't start a ponzi scheme on wall street but that doesn't stop perfectly intelligent & sane individuals form doing it anyway because greed & power are the most addictive drugs you on earth.
June 12, 2014, 09:26:17 PM
wtf do people continue to believe those %'s?
you seriously think they're tagging all their blocks?
not all of it is on a public pool
you seriously think they're tagging all their blocks?
not all of it is on a public pool
This is true. I think we have observed that the majority of their pool is in fact privately owner. When they have downtime less than 15PH was coming offline.
June 12, 2014, 05:36:06 PM
They've already been caught double spending in 2013. Google Ghash.io and Betcoin Dice and you'll see a ton of results.
I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.
You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalksearch.org/topic/m.3590902
No, I don't believe them.
The Bitcoin community had already traced it to them weeks before their flimsy cover-up statement. They denied it, they lied about it, they laughed about it in emails, then they admitted it.
June 12, 2014, 04:15:07 PM
They've already been caught double spending in 2013. Google Ghash.io and Betcoin Dice and you'll see a ton of results.
I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.
You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalksearch.org/topic/m.3590902
If you trust GHash.IO will do the right thing, I have a bridge in Brooklyn to sell you for Nigerian princes.
June 12, 2014, 03:12:46 PM
They've already been caught double spending in 2013. Google Ghash.io and Betcoin Dice and you'll see a ton of results.
I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.
You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalksearch.org/topic/m.3590902
If you trust GHash.IO will do the right thing, I have a bridge in Brooklyn to sell you for Nigerian princes.
June 12, 2014, 02:54:32 PM
They've already been caught double spending in 2013. Google Ghash.io and Betcoin Dice and you'll see a ton of results.
I also get tons of results when I google "homeopathy works" but that doesn't mean it actually works.
You don't believe their statement that they traced the culprit down to someone in the old development team? See https://bitcointalksearch.org/topic/m.3590902
June 12, 2014, 12:47:45 PM
Let the miners decide where they want to mine.
I understand the concerns and I have my own but interference is not good.
Interference is worse than regulation.
I understand the concerns and I have my own but interference is not good.
Interference is worse than regulation.
Miners should be able to decide where to mine, but make an educated logical decision when doing so, however.
It's not interference, it's awareness. GHash.Io is a plague on this community and to the network.
They've already been caught double spending in 2013. Google Ghash.io and Betcoin Dice and you'll see a ton of results.
Nothing good can come out of trusting those shady operators.
June 12, 2014, 12:42:54 PM
Let the miners decide where they want to mine.
I understand the concerns and I have my own but interference is not good.
Interference is worse than regulation.
I understand the concerns and I have my own but interference is not good.
Interference is worse than regulation.
June 12, 2014, 11:15:19 AM
I know they've been having issues over the last couple days. Not sure how much of it is "irritate the users til they leave" or if they're trying to shift some of their server farm somewhere else (private pool perhaps?) ... or maybe they just don't care. I recently sold my GHS to help fund a new S2, but til the pool shrinks a bit I've been on eligius with my s1's.
June 12, 2014, 11:08:59 AM
wtf do people continue to believe those %'s?
you seriously think they're tagging all their blocks?
not all of it is on a public pool
you seriously think they're tagging all their blocks?
not all of it is on a public pool
June 12, 2014, 10:59:05 AM
And just like that GHash.IO is at it again. Up to 44% rather quickly today:
https://blockchain.info/pools?timespan=24hrs
This madness must stop somehow, they're out of control...
https://blockchain.info/pools?timespan=24hrs
This madness must stop somehow, they're out of control...
June 11, 2014, 09:09:08 PM
Its par for the course I figure, a natural economy will periodically destroy itself. In capitalism its supposed to be the most unproductive elements become redundant (so its positive progression). Call it stupidity but its probably right in line that this kind of thing happens, its more accurate to say positive feedback where a situation is inclined towards failure by its own success.
This is why the FED exists they will tell you, to stop boom and bust cycles, to counter natural failure. So these giant pools are tending towards bust by their own (over)success and its normal? BTC needs a firebreak of some kind to stop that situation
http://en.wikipedia.org/wiki/Creative_destruction
This is why the FED exists they will tell you, to stop boom and bust cycles, to counter natural failure. So these giant pools are tending towards bust by their own (over)success and its normal? BTC needs a firebreak of some kind to stop that situation
http://en.wikipedia.org/wiki/Creative_destruction
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