[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 151.

coins101

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Activity: 1456

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Quote from: luigi1111 on February 05, 2015, 01:08:19 PM

Quote from: stonehedge on February 05, 2015, 06:38:43 AM

Quote from: coins101 on February 05, 2015, 05:52:29 AM

Quote from: gjhiggins on February 05, 2015, 05:07:17 AM

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

+1 Well said.

Until somebody comes up with a multisig solution to public pool mining that is.

Coins101, this isn't correct. It's not that the pool can see information it shouldn't (all pools see this information), it's that each miner sees information it "shouldn't". Therefore everyone "should" try to steal the block reward immediately, while still receiving payments for submitting shares for blocks they didn't find (though if everyone did that, there wouldn't be a reward left to distribute).

Stonehedge, I don't see how multisig would have any affect whatsoever on this situation.

However, I think a poster on spreadcointalk may have solved the dilemma: each miner mines to their own address (provided to them by the pool) while having a collateral in the pool's possession equal to block reward.

Thanks, luigi1111

That was my bad.

It happens when you argue with someone on the internet and you know they are wrong. Grin

horizontalcareer

member

Activity: 93

Merit: 10

Quote from: Bitcoin Forum

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote

( Re: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes )

Grin

No comment.

The new fake spr topic-starter has just deleted my post above.
2 relavent pictures without any comment are deleted.
His irrelavent pic is still there.
Why? Huh

It's time for me to open a new topic.
Here is the link : https://bitcointalksearch.org/topic/spreadcoin-scam-alert-946841

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: horizontalcareer on February 05, 2015, 01:00:07 PM

The solid proof of the existence of pools. Wink

Whose the nob not donating to the pool Grin

luigi1111

legendary

Activity: 1105

Merit: 1000

Quote from: spreadnodes on February 05, 2015, 01:04:51 PM

So I guess they won't be taking the (No Pools) out of the ANN.

It appears that the concept of a true solo only coin is appealing to many people. Since spreadcoin obviously does not fall into that category, we are going to move forward towards that goal. I am putting a roadmap together outlining the path towards that goal. It won't be easy and it won't happen overnight but I am sure that with the help of those that have contacted me we will be able to achieve that goal.

Spreadcoin and those behind it can continue to make false claims and move towards their masternode implementation designed to enrich a few large holders that are now making the decisions for spreadcoin. It's unfortunate that they are so shortsighted that all they can see is short term profit. I am of the belief that you can create something without false promises and if the product is good and does what it claims the rest will fall in place.

I'll be getting back to those of you that have contacted me in the near future.

Thanks for your support

Not to rain on your parade, but I'd love to hear how you're going to accomplish this. I do not believe it is possible on a theoretical level.

The way Spread is currently is essentially no pools. I private pool with closed registration doesn't count. However, as I posted above, I think it's only a matter of time before someone implements a feasible public pool. Interestingly, though, compare that to BTC. A collateral equal to block reward would be hard to swallow: 25 BTC to be allowed to mine at a pool. Shocked

Edit: tt nailed it.

tacotime

legendary

Activity: 1484

Merit: 1005

X-posted from the other thread, by me...

Quote

So, for a pool, I think what you would do is just have people send the BTC equivalent of one block's reward to the pool (which isn't much), then if the miner's steal the reward, the pool still retains their deposit so net miner gain is 0. You would have the miners themselves mine to their own pubkeyhashes, and you'd submit partial solutions to these blocks to the pool itself. When the miner gets a block, they would be given n many blocks to get the coinbase from their block to the pool to redistribute to the other miners. If they didn't return the reward to the pool, the pool would then just take their deposit and ban them.

So, I don't think there's a big issue with pooling, just a slightly more complicated implementation. There's a small associated cost with joining a pool, but it's not really much.

spreadnodes

newbie

Activity: 42

Merit: 0

Quote from: horizontalcareer on February 05, 2015, 01:00:07 PM

https://i.imgur.com/Dg0LKMM.png

https://i.imgur.com/b2XLeqN.jpg

The solid proof of the existence of pools. Wink

That should end that argument but it won't. Just like climate change deniers nothing will make them admit the truth.

Thanks for posting those screenshots.

luigi1111

legendary

Activity: 1105

Merit: 1000

Quote from: stonehedge on February 05, 2015, 06:38:43 AM

Quote from: coins101 on February 05, 2015, 05:52:29 AM

Quote from: gjhiggins on February 05, 2015, 05:07:17 AM

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

+1 Well said.

Until somebody comes up with a multisig solution to public pool mining that is.

Coins101, this isn't correct. It's not that the pool can see information it shouldn't (all pools see this information), it's that each miner sees information it "shouldn't". Therefore everyone "should" try to steal the block reward immediately, while still receiving payments for submitting shares for blocks they didn't find (though if everyone did that, there wouldn't be a reward left to distribute).

Stonehedge, I don't see how multisig would have any affect whatsoever on this situation.

However, I think a poster on spreadcointalk may have solved the dilemma: each miner mines to their own address (provided to them by the pool) while having a collateral in the pool's possession equal to block reward.

spreadnodes

newbie

Activity: 42

Merit: 0

So I guess they won't be taking the (No Pools) out of the ANN.

It appears that the concept of a true solo only coin is appealing to many people. Since spreadcoin obviously does not fall into that category, we are going to move forward towards that goal. I am putting a roadmap together outlining the path towards that goal. It won't be easy and it won't happen overnight but I am sure that with the help of those that have contacted me we will be able to achieve that goal.

Spreadcoin and those behind it can continue to make false claims and move towards their masternode implementation designed to enrich a few large holders that are now making the decisions for spreadcoin. It's unfortunate that they are so shortsighted that all they can see is short term profit. I am of the belief that you can create something without false promises and if the product is good and does what it claims the rest will fall in place.

I'll be getting back to those of you that have contacted me in the near future.

Thanks for your support

horizontalcareer

member

Activity: 93

Merit: 10

The solid proof of the existence of pools. Wink

horizontalcareer

member

Activity: 93

Merit: 10

SPR is not bad,still not dead. Grin

But I am wondering when it will die,maybe it need to take months.

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: coins101 on February 05, 2015, 05:52:29 AM

So the OP should be qualified

“No pools” is accurate enough to convey the main idea.

A simplistic view of how the world “should” work in the opinion of a pseudonymous poster is not a compelling reason to change the OP.

I've no idea where you get your “should” from, it's rather naively unrealistic in the context of a bitcointalk thread.

Cheers

Graham

horizontalcareer

member

Activity: 93

Merit: 10

Quote from: coins101 on February 05, 2015, 05:52:29 AM

Quote from: gjhiggins on February 05, 2015, 05:07:17 AM

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

duboisi

full member

Activity: 202

Merit: 100

Quote from: MyFarm on February 05, 2015, 12:30:41 AM

Be sure to join the new thread!

https://bitcointalksearch.org/topic/ann-spreadcoin-true-decentralization-no-pools-testing-new-masternodes-945972

stonehedge

legendary

Activity: 1722

Merit: 1002

Decentralize Everything

Quote from: coins101 on February 05, 2015, 05:52:29 AM

Quote from: gjhiggins on February 05, 2015, 05:07:17 AM

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

+1 Well said.

Until somebody comes up with a multisig solution to public pool mining that is.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: gjhiggins on February 05, 2015, 05:07:17 AM

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: gjhiggins on February 05, 2015, 05:07:17 AM

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

This thread is dead, i'm outta here.

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: defunctec on February 05, 2015, 04:16:30 AM

That make's you a pool operator, using their logic. Roll Eyes

LMFTFY

Quote

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: devlin on February 05, 2015, 04:11:27 AM

Pools owners will setup SPR pools if is possible (to make money from fee), but an miner can steal an block found by himself and pool will run out of bussiness shortly. It's a lot of pool operators and they want to make money if is possible. spr.noce-pool have now 4 miners. I have more mining to my wallet ....

That make's you a pool operator, using their logic. Roll Eyes

devlin

sr. member

Activity: 272

Merit: 250

Pools owners will setup SPR pools if is possible (to make money from fee), but an miner can steal an block found by himself and pool will run out of bussiness shortly. It's a lot of pool operators and they want to make money if is possible. spr.noce-pool have now 4 miners. I have more mining to my wallet ....

impressivecoin

newbie

Activity: 23

Merit: 0

Quote from: devlin on February 05, 2015, 03:44:14 AM

If I have one card in my comp and mining local to my wallet, I mining in a let's say an "pool" because I point my miner to a server (my wallet). So ... what is a definition for SOLO MINING? Spreadcoin is in fact a solo mining coin (depends of what is understanding everyone from solo mining). Public pool is another thing and SPR is not suitable for it.

Have you ever mined any other coin at MPOS pool like nonce-pool ?
If yes,then you'll find pool mining spr works as well as you mine other alt coins.

Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 151. (Read 810098 times)