Wouldn't any pool be able to do this? Like ones for Bitcoin?
How do you know that they aren't?
Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 356. (Read 810079 times)
December 20, 2014, 06:49:57 AM
How do you know that they aren't?
December 20, 2014, 05:01:11 AM
Wouldn't any pool be able to do this? Like ones for Bitcoin?
How do you know that they aren't?
December 20, 2014, 03:21:23 AM
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs 
Beat me to it. I was just about to start mining to see what's what.
One of the things I wanted to see was if there was the potential for a secret optimized miner being produced.
XMR had some guy raping it for months without anyone knowing
http://da-data.blogspot.de/2014/08/minting-money-with-monero-and-cpu.html
edit
what temps do you get with the 290x?
I've got a small farm of 290 Tri-x's I was about to switch on.
Bu even they run at that speed, there is no worth of mining.
December 20, 2014, 03:03:08 AM
All I know is this is definitely the calm before the storm and I can tell it's gonna be a huge storm when it finally comes 
Can't wait!!!
SPR is the second DRK in 2014 Can't wait!!! 
December 20, 2014, 02:53:47 AM
All I know is this is definitely the calm before the storm and I can tell it's gonna be a huge storm when it finally comes Can't wait!!!
Can't wait!!! 
December 20, 2014, 02:53:10 AM
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs
Beat me to it. I was just about to start mining to see what's what.
One of the things I wanted to see was if there was the potential for a secret optimized miner being produced.
XMR had some guy raping it for months without anyone knowing
http://da-data.blogspot.de/2014/08/minting-money-with-monero-and-cpu.html
edit
what temps do you get with the 290x?
I've got a small farm of 290 Tri-x's I was about to switch on.
Bu even they run at that speed, there is no worth of mining.
December 20, 2014, 02:38:05 AM
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs
Beat me to it. I was just about to start mining to see what's what.
One of the things I wanted to see was if there was the potential for a secret optimized miner being produced.
XMR had some guy raping it for months without anyone knowing
http://da-data.blogspot.de/2014/08/minting-money-with-monero-and-cpu.html
edit
what temps do you get with the 290x?
I've got a small farm of 290 Tri-x's I was about to switch on.
December 19, 2014, 05:58:21 PM
I don't think there are pools set up for SpreadCoin because we would be seeing a lot more action and there is literally no action right now because no one wants to part with their SpreadCoins! I've been waiting almost a week to have someone dump into my buy order and it's literally top of the buy list!! and no one will dump into me. So if there was someone or some people making a mint on SpreadCoin or had a huge stash we would see a lot more action in the buying and selling sides of things. I love that I stumbled upon this coin!! All HAIL MR. SPREAD!! Congrats on doing what should've been done in the very beginning and congrats on everything to come in the future for SpreadCoin!! Spreading the love folks! Cheers
December 19, 2014, 05:27:36 PM
Wouldn't any pool be able to do this? Like ones for Bitcoin?
How do you know that they aren't?
December 19, 2014, 05:25:28 PM
Wouldn't any pool be able to do this? Like ones for Bitcoin?
How do you know that they aren't?
December 19, 2014, 05:10:42 PM
Hey guys, would it be possible to create a pool like this;
Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
The problem here is that if you will find a block and will not try to steal its reward pool can still claim that you are trying to steal it and use both your funds and block reward. For external observer it is not possible to distinguish between situations when you are trying to steal money and when pool operators are just lying about this. Even if pool is operated by some legally registered entity with non anonymous owners they can steal your money and you wouldn't be able to prove anything.Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
The pools could make their addresses public too.
December 19, 2014, 05:08:09 PM
Hey guys, would it be possible to create a pool like this;
Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
The problem here is that if you will find a block and will not try to steal its reward pool can still claim that you are trying to steal it and use both your funds and block reward. For external observer it is not possible to distinguish between situations when you are trying to steal money and when pool operators are just lying about this. Even if pool is operated by some legally registered entity with non anonymous owners they can steal your money and you wouldn't be able to prove anything.Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
If you cannot find blocks consistently but are still mining that means that even one block's reward worth something for you.
December 19, 2014, 04:29:44 PM
Hey guys, would it be possible to create a pool like this;
Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
this is quite possible, but if the miner finds say, 3 blocks in a row, he can still "steal" them and have a proffit. So the value os the "insurance" should be how much you can mine in the time a block takes to mature. Say, it matures in 100 blocks, "insurance" would have to be at least 660.0 SPR. That would make most people avoid pools...
December 19, 2014, 02:12:28 PM
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs
Beat me to it. I was just about to start mining to see what's what.
One of the things I wanted to see was if there was the potential for a secret optimized miner being produced.
XMR had some guy raping it for months without anyone knowing
http://da-data.blogspot.de/2014/08/minting-money-with-monero-and-cpu.html
edit
what temps do you get with the 290x?
I've got a small farm of 290 Tri-x's I was about to switch on.
December 19, 2014, 01:51:20 PM
I firmly believe that Mr. Spread knows exactly what he is doing with this coin and the path that this coin is gonna take and all I wanna say is that I would grab as much as I possibly could right now. I swear its the only coin I would go all in on right now in altcoins
December 19, 2014, 01:31:34 PM
No pool is kind of protection from mulitipool.Just take a look at what happened to the mulitipool coin,aways be raped by whales and become a P&D coin in the end.
December 19, 2014, 01:28:31 PM
I thought it is a desciption of how of this feature (true decentralization) already works? In my opinion this whitepaper does not describe what is going to be implemented, but what already is implemented. I thought another whitepaper will come when Mr. Spread has reviewed Darkcoin and has decided if and how he will implement Darknodes.
You thought it right. The White paper was written after the fork that implemented those changes. I'm not sure what stonehedge calls "lightweight", so i'd also appreciate if he explained what he means by that.
The whitepaper is quite detailed for a whitepaper. Keep in mind this is not an academic article, but a business one, so yes, he has to keep it simple so business people (i.e. investors) can understand it. If you need more detailed explanations of the science and technology behind the implementation, i am sure Mr. Spread will be glad to provide it, but that is not the point of a whitepaper.
Whether I read it as an investor or as an IT professional, it still doesn't actually mention many plans of features for the coin.
I really like the idea of decentralising mining. I would love to see this coin work. Mr Spread has proven himself to know what he is doing. Having said that, he hasn't shared much of those plans with the public yet.
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs
December 19, 2014, 01:02:02 PM
For some reason I think Mr. Spread do not actually afraid that somebody will 'steal' his ideas, but he's just a humble man and want first to do, then to say. What if he announces some feature but will be not capable to implement it in the end? Darknodes are already released in DRK code and Mr. Spread can just improve them, so it's not such a big risk. Anyway, it's his decision. Even without loud promises people sooner or later will see what coin is the best.
December 19, 2014, 12:52:44 PM
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs
PoW is probably always going to be an arms race, but at least solo mining makes it a useful arms race. Soloing is more like playing the lottery, I'm hoping more folk will just point a single GPU or CPU at it and rejoice if/when they ever get a block, instead of treating it as a living, which mining was never intended to be.
Mr Spread, any thoughts on having mining on by default in the wallet, at minimum (eg. 1 thread) CPU load? Is there a way of setting a percentage of CPU power to mine? If it's beneath the notice of people, they're probably going to leave it on, although there should be an option to disable it. Every little helps.
December 19, 2014, 12:40:20 PM
I thought it is a desciption of how of this feature (true decentralization) already works? In my opinion this whitepaper does not describe what is going to be implemented, but what already is implemented. I thought another whitepaper will come when Mr. Spread has reviewed Darkcoin and has decided if and how he will implement Darknodes.
You thought it right. The White paper was written after the fork that implemented those changes. I'm not sure what stonehedge calls "lightweight", so i'd also appreciate if he explained what he means by that.
The whitepaper is quite detailed for a whitepaper. Keep in mind this is not an academic article, but a business one, so yes, he has to keep it simple so business people (i.e. investors) can understand it. If you need more detailed explanations of the science and technology behind the implementation, i am sure Mr. Spread will be glad to provide it, but that is not the point of a whitepaper.
Whether I read it as an investor or as an IT professional, it still doesn't actually mention many plans of features for the coin.
I really like the idea of decentralising mining. I would love to see this coin work. Mr Spread has proven himself to know what he is doing. Having said that, he hasn't shared much of those plans with the public yet.
On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH. I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race. 2GHps of X11 is a lot of GPUs
And I suggest getting as many as you possibly can because they are going to go through the roof come the New Year that's for sure Jump to: