Isn't the whole point of using decentralized computing power to pool resources for the common good? To defend against the powerful by uniting the rest? To secure transaction processing by building a network of individuals?
The point of crypto-currency is to defend. That's how it is built. That's how it is succeeding. Growth, community building, and dedication are the ways to defend.
There are no magical answers, that's why all coins have the same one. The community is stronger than the attacker. That is the only defence P2P has and the reason for its existence.
Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 118. (Read 523584 times)
July 15, 2013, 02:39:46 PM
July 15, 2013, 02:28:14 PM
Xmansk, no, not anyone can do it. Hardly anyone can do it. That is the point. The few that might possibly be able to don't have a motive or can't without harming themselves.
Lol you just dont get it
What was up with your earlier post? You can only copy coins you have?!?!?!?
Possible motivation:
A large ltc supporter who has make a lot of money off of ltc and invested it in hardware. Motivation would be to attack dgc to prevent it from competing with ltc. Also like a previous user stated. There are hundreds of reason why one would do it. Not saying they make sense but the one i just pointed out is a valid motivation
I get a few of your points others just dont make sense.
Your argument about the ftc attack being for porfit and it would be more profitable to mine dgc is wrong. It would have been just a profitable to mine ftc at that time as well but they attacked it instead
I get your "Not Concerned" about an attack. But just ignore the posts then. Coming back with these invalid arguments is not making you look good
And cant without harming themselves?!?!?!?
July 15, 2013, 02:08:50 PM
Xmansk, no, not anyone can do it. Hardly anyone can do it. That is the point. The few that might possibly be able to don't have a motive or can't without harming themselves.
July 15, 2013, 01:08:35 PM
Someone will attack the coin in one way or another just to create problems.
Are there preparations in place for this ?
Are there preparations in place for this ?
Who? The cost of successfully attacking the coin is rising constantly. Anyone with so much power can just mine it and profit much more. Who throws away large profits just to create problems?
@disclaimer201
If the incentive is money, mining DGC would be much more profitable. And if they had that much hash power, it would make more sense.
Also, the idea of a successful LTC pool owner ruining his own reputation and destroying his pool by using his members for what is the equivalent of tools doesn't seem very likely.
Why are you still questioning who will do that and what will be the motivation behind it? Anyone with resources can do that. For fun, for money, for revange, because he is bored, unstable or insane, or on the other hand, perfectly self aware. It is irrelevant who and why will do that. Right question is - Can he do that? If so, how to prevent it?
July 15, 2013, 11:08:47 AM
July 15, 2013, 11:08:03 AM
That is the orphan rate.
July 15, 2013, 11:06:50 AM
Are orphans and stales still 20%?
this was not. users appreciate us just for the minimum number of rejections.
Join and check.
I'm not speaking about your pool, I'm talking about the coin istelf, coinwarz for example shows say 1000 coins you always got 20% less, same with WorldCoin
What CoinChoose shows is inaccurate. The last pool report I received stated an average of less than 1/15 or 6.7%.
what do you mean? 6.7% stales/rejects?
July 15, 2013, 11:04:28 AM
Are orphans and stales still 20%?
this was not. users appreciate us just for the minimum number of rejections.
Join and check.
I'm not speaking about your pool, I'm talking about the coin istelf, coinwarz for example shows say 1000 coins you always got 20% less, same with WorldCoin
What CoinChoose shows is inaccurate. The last pool report I received stated an average of less than 1/15 or 6.7%.
July 15, 2013, 11:00:07 AM
Are orphans and stales still 20%?
this was not. users appreciate us just for the minimum number of rejections.
Join and check.
I'm not speaking about your pool, I'm talking about the coin istelf, coinwarz for example shows say 1000 coins you always got 20% less, same with WorldCoin
July 15, 2013, 10:57:35 AM
Are orphans and stales still 20%?
this was not. users appreciate us just for the minimum number of rejections.
Join and check.
July 15, 2013, 10:47:28 AM
Are orphans and stales still 20%?
July 15, 2013, 10:32:57 AM
July 15, 2013, 10:05:50 AM
I have setup my first p2pool with 1% fee if anyone want to join...
http://198.50.167.52:25397
Statistics are at http://198.50.167.52:25397/static/
http://198.50.167.52:25397
Statistics are at http://198.50.167.52:25397/static/
July 15, 2013, 09:38:44 AM
New Digital Coin facebook page up. Please add your 'Like' if your on FB!
https://www.facebook.com/DigitalCoinDGC
Cheers
https://www.facebook.com/DigitalCoinDGC
Cheers
July 15, 2013, 09:27:30 AM
Someone will attack the coin in one way or another just to create problems.
Are there preparations in place for this ?
Are there preparations in place for this ?
Who? The cost of successfully attacking the coin is rising constantly. Anyone with so much power can just mine it and profit much more. Who throws away large profits just to create problems?
@disclaimer201
If the incentive is money, mining DGC would be much more profitable. And if they had that much hash power, it would make more sense.
Also, the idea of a successful LTC pool owner ruining his own reputation and destroying his pool by using his members for what is the equivalent of tools doesn't seem very likely.
July 14, 2013, 06:38:08 PM
Someone will attack the coin in one way or another just to create problems.
Are there preparations in place for this ?
Are there preparations in place for this ?
July 14, 2013, 06:22:09 PM
A question to the dev: I would like to know what happens if some big ltc pools (or other scrypt mining pools) used their hashpower to 51% attack DGC with the intent of killing the network.
You know as described here for example: http://maxminer.files.wordpress.com/2013/06/ftc_51attack.pdf
I just had a discussion with someone who says that DGC would need to have a much higher hashrate to be secure (he compared it to ltc) and then I thought well, what would happen if people switched from mining ltc to other more profitable coins and ltc hashrate went down? Would it be made just as insecure again?
What happens to scrypt coins in general if people are sick of using gpus for mining because they cost too much power or whatever reason. As there are no Asics for scrypt...nor fpgas at this moment.
You know as described here for example: http://maxminer.files.wordpress.com/2013/06/ftc_51attack.pdf
I just had a discussion with someone who says that DGC would need to have a much higher hashrate to be secure (he compared it to ltc) and then I thought well, what would happen if people switched from mining ltc to other more profitable coins and ltc hashrate went down? Would it be made just as insecure again?
What happens to scrypt coins in general if people are sick of using gpus for mining because they cost too much power or whatever reason. As there are no Asics for scrypt...nor fpgas at this moment.
Why a would a pool attack digitalcoin? Large pools benefit from alternative currencies because they lower their own difficulty and smooth the fluctuations.
You can only duplicate the coins you own in an attack. I know of no major DGC holder willing to risk destroying the value of his coins. What would be the incentive to attack the network otherwise? The incentive for the FTC attack was money.
Yes, LTC, like all scrypt and sha coins, is secured by hashpower. If the power drops, so does the security.
Finally, GPU owners are moving to scrypt mining and not away. ASIC are pushing them in that direction at an ever increasing rate. When bitcoin difficulty stops rising exponentially, and scrypt starts dropping in profit instead of rising exponentially, I'll start worrying about what will happen in the event of a GPU exodus. GPU mining cannot randomly drop in profitability, and the more viable choices a GPU miner has, the less likely it is he'll just give up on it. It is after all a market of supply and demand, at least until ASIC are involved.
ASIC are not an advantage in as many ways as they are. I'm not a fan.
The incentive would be money as well. DGC is quite valuable right now, so if someone could make 50000 and sell them for btc? I'm just a bit worried that paranoid LTC supporters who themselves run large ltc pools and who see an upcoming threat in DGC might abuse their hashing power to make sure DGC stays where it is.
The reason I write this is because I chatted with someone who claimed to run an ltc pool and I argued with him that I believe DGC is superior to Ltc because of its speed, low orphan rate and community support. Will harddisk space for DGC become an issue much quicker than it is for btc or ltc? Thanks for all your answers!
July 14, 2013, 02:16:49 PM
July 14, 2013, 10:30:29 AM
Interestingly DigitalCoin and FeatherCoin both have the same network hash right now according to coinchoose: 1.05GH.
Would be nice to see DigitalCoin overtake it.
Would be nice to see DigitalCoin overtake it.
https://dgc.epools.org
https://ftc.epools.org
It's already nice though?
That is great news
We've gone through a nice jump in price and activity lately. I can see further spikes like this occurring over the coming months... I would list the reasons why but you already know them lol.At the moment DGC is about double.
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