Quote from: bspurloc on June 17, 2014, 02:40:51 AM

Quote from: Donkeycongo on June 16, 2014, 05:56:53 AM

Quote from: Searing on June 16, 2014, 05:49:01 AM

Quote from: hoeslayer on June 16, 2014, 04:45:54 AM

Omg longest block ever..12hours.... I've seen long blocks but now I am trying out cloud hashing for 24 hour and now seems a waste...sadden I am. ..

heh longest block ever heh

I THINK the longest block was 26 hrs if i remember correctly

newbies...soooo cute (stay away from BFL!)

Searing

Cloud hashing startles me, how and why would a company buy all the hardware and infrastructure just to sell the hash power at less than what the coins are worth, if they are selling the hash pwr at higher rate than the coins are worth, then why would someone pay for the hash pwr.

Am I missing something here, or is it a gamble on the company selling the power that the hardware is directed at a pool and it has a stupid long round/s?

I'm thinking the money people are sending them is paying for the Equipment and power to run them, all the other stuff doesnt much matter. They can then skim 2% of the hashing power from each machine and go completely unnoticed to pay for a few Porsche's.

Yeah it didn't seem there was a fair exchange and a rort had to be somewhere. Combine that with CEX.io only being able to point the miners at GHash pool, seems like an easy way government to get into mining and fook it up for us. Even if GHash lost control of their pool or sold it could fook it. Having the hardware in the hands of individual miners seems the only way for it not to go that way