Topic: [4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool - page 971. (Read 4382653 times)

I believe his problem is because he hasn't gotten any NMC yet and the price keeps dropping so in his shortsightedness he is "omg losing money"

I am trying to read your posts with charity, but I am just not understanding what your problem with this is?  If we mine BTC with slush, we get a share.  If we are still mining BTC with slush now we will also be getting Namecoins with our share.  Maybe I am missing something, but all of the namecoins currently mined by our combined pool's power will be distributed based on our inputs.  I don't believe Slush is keeping all of them that were mined before he opened it up to us for himself.  Again unless I am misunderstanding something he didn't use the pool's collective processing power to make namecoins for himself.  So I don't really understand what you are pointing to Slush and calling him a weasel for having done.

Slush has always been great, which is why I've stuck with him for almost a year now. He's the one pool operator on here I've learned to trust, who answers questions, and who doesn't seem to take it personally when people don't like how he does something. In the past I emailed Slush with a grammatical issue, but since there were so many changes I figured it would be better to post here so that others could check my work and add their own take on it, which they did! Kudos to those who did so.

{waves goodbye}

The Story is true, Slush's pool is the TB+ that was going to be used back during the bitcoinexpress threat to attack the pool to try and protect the NMC network.

Its mentioned in this thread around this post.  https://bitcointalksearch.org/topic/m.531392

Which, IMHO, would be better than advertising it, only to let users read a "soon" on the place they would find it.

Many people (most, actually) do not have the required modesty to welcome a correction. Oh poor Darwin, if only he could see how some people react to comments about their flaws (which all humans have) - instead of constant learning and trying to evolve, his Theory of Evolution would probably have to be changed a bit.

Slush did, kudos for that. (and kudos for your proofreading too, of course)

true, just look at coinbase of BTC block. If it's longer than usual, then it's from MM. It's impossible to hide it.

compare this coinbase here:

http://blockexplorer.com/rawblock/00000000000000dc81de0c50831392a5c9ad41c3c46a6b607b5f46ec19ce8600

with non-MM coinbase.

Service lifetime & operator trust - Users have to trust pool operators, because pools aren't cheat-proof from the side of the operator. mining.bitcoin.cz was the first Bitcoin mining poolever, has been operating consistently since December 2010,(operating since Dec/2010) and has a long history of stable and accurate payouts.
 or;

mining.bitcoin.cz was the first Bitcoin mining pool and has been operating consistently since December 2010, with a long history of stable and accurate payouts.

 or;

Operating consistently since December 2010, mining.bitcoin.cz has a long history of accurate and stable payouts.


The rest of it looks great. ;p

Bullshits. If you followed namecoin movement (forum, irc) then you definitely had to found my interest in merged mining. I was in contact with namecoin developers and fans. It wasn't *so* big secret at all. But it was everything so new for me, so I didn't want to make public announcement until I was sure it will work somehow. And even after merged mining started, there were some problems and I turned off MM for more than a day. That was a real reason why "official" announcement come so late. Please stop finding conspiracy theories. Also "hidden merged mining" is not possible. Fact that pool is using merged mining can be found in every pool's BTC block.

You do a good job, I just like proofreading text. Call me crazy, I guess! I like the new logo too - I wish I had a good GPU again to put into the pool, but until then I'll just keep mining my .01 BTC each day with my backup GPU.

Thank you a lot! :-) I know that my grammar is crazy, but sometimes I need to update website texts . I'll add those fixes soon.

Who claimed it was a democracy.... other than you of course.

Making a suggestion isn't the same thing as demanding a vote.

Still it probably is a good thing you clarified it isn't a democracy just in case someone was planning to run for office.

Slush, I like the new "Key Features" on the homepage. Just a few grammatical suggestions similar to the ones I've made before to help the section read better. Take whatever you'd like from here. Words I have changed or added are in red. Comments are in code.

Key features

Service lifetime & operator trust - Users have to trust pool operators, because pools aren't cheat-proof from the side of the operator. mining.bitcoin.cz was the first Bitcoin mining poolever, has been operating consistently since December 2010,(operating since Dec/2010) and has a long history of stable and accurate payouts.

Namecoin Merged Mining - The pool is mining Bitcoins and Namecoins together since October 2011. Thanks to this, users have a much higher mining income than mining on another Bitcoin-only pool.

Score-based rewarding system - Pool uses a fair distribution of rewards between members, making the pool hopping-proof. This has been which was mathematicaly proven.

X-Long-Polling* - This miner extension improves overall mining efficiency of connected miners by lowering stale share ratio below 1%.
X-Roll-NTime* - Another miner extension, which improves network efficiency, especially for fast mining rigs.
* You need to use miner software supportingthat supports those features. I recommend you use poclbm miner or GUI miner

Hope this is helpful. Also on the homepage, "Why do I need bitcoin pool" should be "why do I need a bitcoin pool", and at the bottom of the page it should read, "ask the miner's community instead

All the banter is kinda useless at this point.

Slush owns the pool.  It's not a democracy.  Technically, he didn't even have to let us know that he was doing merged mining until it was completely ready to go.  Then he could have rolled it all out at once.  And even though the situation with the nmc buildup would have been the same, this back and forth would never have happened.  There would have been no issues because everyone would have gotten their nmc at the same time they found out about the merged mining on the pool.

Instead Slush choose to tell us about the change before it was finalized, and now everyone is panicking because they felt like they won the lottery and now their winnings seem to be drying up...

I'm sorry for 3minute outage on api2.bitcoin.cz and website, it is again working now.

Awesome.  You know you are a dedicated international operation when you think in terms of UTC.

Although I'm physically located in Prague, I'm thinking and living in UTC .

If you don't want to sell NMC then Slush selling them is the BEST thing for you.  Why?  Rather than be paid in NMC which have a high probability of being lower in price by the time you get them you are paid in BTC which can now buy MORE NMC.

For example hindsight being 20-20 had NMC been sold 36 hours ago you could buy 35% more NMC from the BTC it generated.hose BTC to buy NMC back.


The current price isn't low.  the price 36 hours ago (35% higher) certainly wasn't low.  The price will go much much much lower as demand for NMC will be massively outstripped by supply.   Currently namecoin has only ~20% of the hashing power of bitcoin.  There is no high barrier to entry (yeah the code sucks but it is a onetime cost).  Eventually every pool will merge mine.  With time merge mining will be integrated into the open source pool servers and new pools will start w/ merge mining.   Given only 20% of the network is hashing NMC now, expect daily supply to increase another 500% before difficulty finally catches up.

It wouldn't surprise me if prices fell another 50%+.  Having BTC to buy there would be more profitable then having NMC that continually decline in value even IF the long term goal is to hold NMC.  Eventually equilibrium will be reached but if you think we are their now well god I hope your stock portfolio is professionally managed.

you. no. know. how. to. watch. future. price. verse. 1:1. peep out the dif chart at dot-bit. That is what namecoin traders have been buying and selling namecoins at before the big crash, based on the near future value. Without doing everyones home work for them I will just leave it at;
 Please just let me have my Namecoins. ;p