Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com

Well Ghash didn't expect all the multipools to jump on their promo,
so the tiered reduction was "needed" to prevent 51% attack, lol.
They should have just honored their offer and not allowed new sign ups,
but it seems that whales and multipools are just mining when <40GH/s
and then switching back and forth for the week. I haven't mined
litecoin in a long time and have nothing in my wallet, so I am going
to take advantage of the 200% bonus, even if it dips to 125% every now
and then.

this thread is not about that shitty Ghash, can we stop talking about that crap ?

so ghash is over 4GH/s, so their promotion for 2x payouts lasted a day?

yep, typical bait and switch.

Yeah, that's what I thought too. They could implement many other methods to prevent a 51% other than reduce the reward. I am sure that was the plan, advertise such an attractive promotion that they knew would overfill their rather low benchmarks and end up paying everyone only at the 1x price.