Quote from: Dende on January 09, 2014, 07:03:14 AM

I think the damage has been done. cex.io has a lot of money to expand their farm which comes from selling really overpriced hashrate and people still keeps throwing their btc at cex.io. Right now, we can only tell people to avoid it and educate people about the importance of keeping bitcoin decentralized. Even moving to btcguild is a good idea right now.

I have mentioned about how mining manufacturers can help in keeping bitcoin secure and decentralized in this thread https://bitcointalk.org/index.php?topic=399313.20

Quote from: Dende on January 07, 2014, 01:41:53 PM

I think many people just want to get the most profit out of their miner.
I am in for the long run but early december I had a chance of getting a miner and all I think about was how can I roi as soon as possible and not about enhancing bitcoin security.
There need to be an incentive for bitcoin decentralization. Cheaper miner with p2pool contract for example if the manufacturers are willing, or plug and hash p2pool miner for people who is not tech-savvy. Manufacturers could play a role in the decentralization of bitcoin, and they should, they are getting a lot of money from the success of bitcoin.

For the short term, I think convincing miners into going to smaller pool is a priority before p2pool matures either through incentives or education of bitcoin security. ghash.io already has 1/3 of the global hashrate and it looks like it is still growing by comparing 24hr chart with 4 days chart https://blockchain.info/pools

I hope manufacturers are aware of the situation we are in and get their effort to improve it.

Many are seeing bitcoin as a way of making money, profits etc and it is hard to move forward if things stay this way. Bitcoin is more than that and I hope more people realize this and put more interest in keeping bitcoin secure. Please visit this thread and give your support in the effort for bitcoin decentralization https://bitcointalk.org/index.php?topic=329860.0

Do people actually make money at cex.io? If so, hard to argue against market forces. If not, what the heck are people doing???