Well Ghash didn't expect all the multipools to jump on their promo,
so the tiered reduction was "needed" to prevent 51% attack, lol.
They should have just honored their offer and not allowed new sign ups,
but it seems that whales and multipools are just mining when <40GH/s
and then switching back and forth for the week. I haven't mined
litecoin in a long time and have nothing in my wallet, so I am going
to take advantage of the 200% bonus, even if it dips to 125% every now
and then.
Well, it's now constantly at 1,25 because they lowered the GHS to 25-60 for 1,25. The pool was only BELOW 25 before this "DEAL".
It's not really worth much anymore. A failed marketing attempt (Yes, they were the number 1 LTC pool for a day.. But since they don't bother to keep their promises..) at best.
I'll wait until tomorrow and move away..
I wouldn't call it failed per se... shitty move yes... but failed???
We're all talking about it on almost every Altcoin forum related or not...
And they'll have quite a few people try out GHash's pool and see that they also have Bitcoin (the biggest pool on BTC), Dogecoin, Feathercoin, AuroraCoin and cloud mining contracts and futures (where they actually make most of their money) not to mention an active Exchange...
I think it was pure marketing genius for minimal expense for them...
But yeah...still a shitty move to shift the tiers down again.
