[quote name=“Kevlar” post=“53055” timestamp=“1389997914”]
[quote author=TrollboxChamp link=topic=5580.msg53024#msg53024 date=1389993690]
Your fears are kindve coming true already. ghash.io has way too much hashing power.
ghash.io is a pool, not a cloud mining company. The danger was from too many miners on it, which was solved within 48 hours through a community awareness campaign.
Fortunately the danger is entirely immagined: Cloud hashing can be pointed at any pool. Individuals still vote with their dollar. Therefore there’s no danger that a group of individuals (cloud hash purchasers) will give another individual (a pool operator) enough power to consistently devalue their investment. Such actions would not be rational at all. You all can sleep soundly at night again, cloud hashing won’t destroy the network. Promise.
Rational implies eyes on the ball. Easy service equals less attention. Hence middlecoin.
Cloud hashing has negligence issues.
And of course there’s always the suicidal attackers who want to see alts gone.