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Re:Ghash.io very close to 51% of bitcoin pool by jpalomaki on Thursday January 09, 2014 @08:40AM (#7030367)
Why ghash.io is so popular? Is their some specific reason for mining in GHash pool instead of some other?
Re:Ghash.io very close to 51% of bitcoin pool by aestra on Thursday January 09, 2014 @08:55AM (#7030431)
EDIT: I'm talking in general. I mine litecoins (and sometimes other alt coins), not bitcoins, so that's what I'm most familiar with.

Big pools are popular for a number of reasons:

1) Lots of hashing power means lots of blocks found means more payment more often, even if it is less coins. People get impatient and leave smaller pools if they aren't getting paid right away.

2) Network effect. It's the first Google search result. This might be the biggest factor.

3) Probably more reputable, so I'll probably get paid too, most pools have honest operators but some can shut down shop and take coins people haven't cashed out yet and run or do other shady things.

4) Probably less downtime, beefier hardware.

I don't know the specifics of GHash in particular if there's anything that makes it more appealing.

Re:Ghash.io very close to 51% of bitcoin pool by myvii on Thursday January 09, 2014 @08:59AM (#7030452)
They are backed by cex.io which is an exchange that trades GH/s for BTC.

They are able to run a pool for 0% fee, along with mining a couple of other altcoins makes them a more profitable pool than others.