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Full MemberActivity: 195Merit: 100 ghash.io is becoming SHOCKINGLY AGGRESSIVE NOW, closing in 45% January 09, 2014, 03:02:41 AM

Last edit: January 09, 2014, 04:00:32 AM by descarte #1 https://blockchain.info/pools



did btcguild users jumped over to ghash?



or did ghash keep buying machines?



Can't imagine what is going to happen if they keep increasing their hashing power at this rate...... did btcguild users jumped over to ghash?or did ghash keep buying machines?Can't imagine what is going to happen if they keep increasing their hashing power at this rate......

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Hero MemberActivity: 728Merit: 502 Re: ghash.io is becoming SHOCKINGLY AGGRESSIVE NOW, closing in 45% January 09, 2014, 05:34:25 AM #15 Quote from: amincd on January 09, 2014, 05:22:12 AM It's because GHash does merged mining with NMC, DEV and IXC.



Personally that's one of the reasons I prefer it, but also that I can trade GHS along the side for some profit (which I'm inclined to say seems all pure luck and speculation) and it has a rather nice interface. Honestly, I'd doubt we're likely to have Ghash.io get over 50% and even if we do I don't think the consequences are going to be as massive as OP is predicting. Personally that's one of the reasons I prefer it, but also that I can trade GHS along the side for some profit (which I'm inclined to say seems all pure luck and speculation) and it has a rather nice interface. Honestly, I'd doubt we're likely to have Ghash.io get over 50% and even if we do I don't think the consequences are going to be as massive as OP is predicting.

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Full MemberActivity: 195Merit: 100 Re: ghash.io is becoming SHOCKINGLY AGGRESSIVE NOW, closing in 45% January 09, 2014, 05:58:37 AM #17 "Going away from ghash.io" ? What if ghash (cex.io) owns all the machines? They still mine even if you go away. The big jump in hashing power might be a massive purchase from somewhere. unless someone can confirm this is false.



"A profit-seeking person will always gain more by just following the rules". What if its not for profit reason? How can we guarantee that they are sane?



Despite all the arguments about not worrying about 51% attack, think about all the time and money you invested in this, can you seriously sleep in peace, knowing that ghash has 51% power?



Do you seriously think the public don't care what ghash can do with 51% on their hands?



what if the lost of confidence in bitcoin is not temporary?



"if this attack is successfully executed, it will be difficult or impossible to "untangle" the mess created - any changes the attacker makes might become permanent." - Are you really taking these words lightly?

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Sr. MemberActivity: 336Merit: 250CS Student - BC Logo Guy Re: ghash.io is becoming SHOCKINGLY AGGRESSIVE NOW, closing in 45% January 09, 2014, 06:16:16 AM #18 This is actually a really big threat to the security of bitcoin as a whole. The whole setup is supposed to solve the whole trust issue, but if 51% control is achieved and maintained, I don't see any alternative to jumping aboard another coin, probably POS. Saying fingers crossed is not enough.