Quote from: JaxonBTC on March 14, 2014, 09:40:54 PM

Quote from: GBattaglia on March 14, 2014, 07:38:47 PM

Wow. You know, I don't quite understand the point in this promotion, especially if they keep changing the terms. I think they'll just piss off more people than they'll actually gain honestly.

Totally agree. Seems illegal for any other company in a more regulated industry to do this. Straight up misadvertising/bait and switch.

Quote from: comeonalready on March 14, 2014, 02:20:01 PM

Actions like this are engraved invitations to governments to interfere/intervene in virtual currencies.

I am against government intervention/interference/controlling Crypto Currencies at all in principle, but with this kind of BS shenanigans it wouldn't be the worst if someone could hold them to their advertised word at least (can't believe GHashes actions have me thinking this way. Really shady GHash, really shady)

The first modification was legit imo. It could have passed as legitimate. If it reach 51% LTC would apparently die. So stopping the pool at 40gh, which is about 1/3rd of the total LTC hash power was good. At 60gh the bonus would become 0, so no further incentive to mine there, which would have been close but still under 50%.

They might have hoped that the growth would continue, but slowly past 40gh, as 125% is still worthwhile right now.

Instead, the big miners just limited themselves to leave it at 39gh, so they and everyone else would still get 2x.

Paying double on 39gh is expensive so they found a way to drop it back to 125%, maybe.

Of course now its dropping back so low that its 2x again, but whats going to happen, now?