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BitShares PTS / Why is ypool destroying PTS? (70% mined by ypool)
« on: January 15, 2014, 12:17:47 pm »
According to http://ypool.net/pts/stats_blocks
over the last 71 Blocks (Block 42202 to 42131) 50 of them were mined by ypool which is 70%
This is far beyond the feared 51% attack...
This leads to other pools drying out and the network getting centralized around the ypool entity.
Which in turn makes them currently the owners of protoshares and this results in difficulty and price drops.
srsly folks. y are you doing that?
Too greedy to switch to http://ptsweb.beeeeer.org/
or http://pts.1gh.net ?
I assume there are alot of frustrated miners that missed the bitcoin boom, who dont give a damn about decentralization/I3 and just want easy and quick profitz profitz profitz.
Well congratulations. You are ruining your profitz yourself...
over the last 71 Blocks (Block 42202 to 42131) 50 of them were mined by ypool which is 70%
This is far beyond the feared 51% attack...
This leads to other pools drying out and the network getting centralized around the ypool entity.
Which in turn makes them currently the owners of protoshares and this results in difficulty and price drops.
srsly folks. y are you doing that?
Too greedy to switch to http://ptsweb.beeeeer.org/
or http://pts.1gh.net ?
I assume there are alot of frustrated miners that missed the bitcoin boom, who dont give a damn about decentralization/I3 and just want easy and quick profitz profitz profitz.
Well congratulations. You are ruining your profitz yourself...