Topic: Why are people drawn to GHash.io, and how can we reverse it? - page 3. (Read 5013 times)
The big thing that drawn me to GHash was the cloudmining. Used around .1 BTC and got 2GH/s that constantly mines around .00001300 BTC every block.
Get the attention of large BTC stakeholders and ask them to sponsor improvements or subsidies for competing pools (especially p2pool).
I don't mine myself so am no expert but isn't it just a case of competing pools actually ... competing ? e.g. by improving services, or reducing fees? Must be a reason people use these two massive services? Compete with them
Yes.
It's a free market, so large stakeholders have total freedom to protect their savings by investing in other pools.
Get the attention of large BTC stakeholders and ask them to sponsor improvements or subsidies for competing pools (especially p2pool).
I don't mine myself so am no expert but isn't it just a case of competing pools actually ... competing ? e.g. by improving services, or reducing fees? Must be a reason people use these two massive services? Compete with them
Get the attention of large BTC stakeholders and ask them to sponsor improvements or subsidies for competing pools (especially p2pool).
Yeah, 60% is a lot. Could do with having a dozen "big" players. Unfortunately its a free market, so what to do?
I'm willing to throw down some BTC for bounties to improve other pools, particularly the p2pool implementation.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
I don't understand - how do you destroy bitcoin by coercing two people?!?
GHash.io and BTC Guild pool operators.
OK gotcha. What % of the market do they have between them?
Around 60%, based on last 4 days of blocks. Also big "unknown" slice makes this scarier.
https://blockchain.info/pools?timespan=4days
I'm willing to throw down some BTC for bounties to improve other pools, particularly the p2pool implementation.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
I don't understand - how do you destroy bitcoin by coercing two people?!?
GHash.io and BTC Guild pool operators.
OK gotcha. What % of the market do they have between them?
agreed network health is awful
I'm willing to throw down some BTC for bounties to improve other pools, particularly the p2pool implementation.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
I don't understand - how do you destroy bitcoin by coercing two people?!?
GHash.io and BTC Guild pool operators.
I'm willing to throw down some BTC for bounties to improve other pools, particularly the p2pool implementation.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
I don't understand - how do you destroy bitcoin by coercing two people?!?
I'm willing to throw down some BTC for bounties to improve other pools, particularly the p2pool implementation.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
Right now, if I want to destroy bitcoin, I need to coerce just two people. This is a huge, huge problem.
Jump to: