Quote from: Parazyd on June 13, 2014, 07:01:26 AM

Quote from: gimme_bottles on June 13, 2014, 06:58:47 AM

Quote from: Parazyd on June 13, 2014, 06:41:54 AM

Quote from: podyx on June 13, 2014, 06:39:14 AM

Quote from: Parazyd on June 13, 2014, 06:38:42 AM

Dear god!

http://i.imgur.com/UsTkUQ0.png

I'm scared. I'm really scared.

Are you gonna sell your coins?

No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%.

Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%.

The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about.

Still it gives a fake sense of safety... I realize we're fucked if GHash.io doesn't do something about this.

I thought that the problem with the 51% is the allowing transaction confirmations rather than whether your pool receives a block award... but it has to do with being able to transact with money that you do NOT have to then steal and then to undermine confidence in the network b/c you control the approvals of the transactions.