Topic: [ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows - page 88. (Read 347332 times)

on fast moving altcoins (1 or 2 minute rounds) and with high diff value, a slow gpu, such as mine at 125kH pretty much will never (except lucky odd occasions)
get an accepted result submitted before stratum tells it to drop what it's doing and move onto a new block.
so yes, imho, high diff value DOES reduce profit. greatly. to the point of zero in some cases.

Great job putting up the payout tool guys.  Thanks for doing everything in such a timely manner.

Does having a difficulty as high as 512 reduce my profits?

No. The only downside is that it increases your very short-term variance since you'll only find a share every minute or so on a 1 MH/s rig. There is misinformation on the bitcoin forum stating that a high difficulty reduces your profit if you have a slow GPU. This is untrue. It has no influence on your profit.

Thank you nearmiss, just tried.  appreciate your way on handling this and I am pretty sure will come back once everything back to normal.

[edited], got the payment.

Well, Middlecoin has diff set to 512, but hashcows has vardiff. If someone has low hashing power, high diff is not very good imho.

Hashcows Official Update:

* Re-payment issued to all affected miners
* Payment addresses rolled back to pre-incident values
* Payment for most rounds the past few days added to balances
* Temporary cashout tool setup at https://co.hashco.ws


- Notes about the cashout tool
* Please ignore the cert warning on page load. its because I re-used the cert for www.hashco.ws instead of setting up a new one for co.hashco.ws (time better spent elsewhere)
* The tool will *only* allow you to cash out current balances.  Any modifications required to settings will need an email to support@ for the time being.
* The tool requires a valid/active email address on the account, as it verifies via sending email.
* Payments may be a bit slow in coming at the start.  We are keeping a short leash on things as we ramp back up.   Once you submit via the tool and its successful, your in the queue to be processed.

At this time the website itself remains in a read-only state, and likely will for the time being until we get the new portal out the door.   This means no logins, password resets, or signups will function.  If you need to perform these actions before being able to use the tool email support@ and we'll help you out.

Thanks to everyone for your patience and support.   This is by no means meant as a permanent situation, and we realize its not ideal.  Hopefully it will at least let people get their coins out as needed while we work on getting you a finished product.

This is why MIddlecoin is better in this part, I wouldnt be surprised if this is the reason middlecoin is what it is and the way it is, without a front.. I am betting it would be more complicated to hack Middlecoin.... I mean how would a hacker change the payout addresses there, we all have our workers usernames as our BTC wallet addresses. I think this is one of the reasons middlecoin is what it is. The less there is up front the less there is for people to hack with.

In this case, I know exactly where that 10BTC is. It was sent to a wallet with past history, but was at 0BTC before this transaction.

https://blockchain.info/address/1EqUoGGHuHp7VmcN8PSH3B2qNfpKzbdUev

The nature of the blockchain means the stolen funds can be tracked indefinitely, though they can be mixed or diluted with other coin which would complicate the picture. If they ended up in an exchange they'd get horribly diluted before being cashed out to some other user of the exchange who had nothing to do with the theft.

That's the other inherent danger of "blacklisting" coins. You're ultimately going to hurt innocent people, which would ruin confidence in the currency. The coin must remain fungible!

the blockchain shows 10btc transferred out of that wallet.

how do you know where the 10btc is now?  if it was exchanged for a pickup truck, or dogecoins you'll never know. 

It is to a point.  The only records to connect the coins would exist on the exchange and not a madder of public record.

Thats not true at all.

All the thief has to do is transfer the money to an exchange, and then back to another wallet. Or transfer to another coin at an exchange, to a wallet, back to an exchange, back to BTC, and to another wallet and/or spend the coins at a bitcoin retailer.

The coins will not be traceable after all that and the trail will be cold.

Gonna get me a Chevy Silverado 2500 Diesel. Gonna run it on Biodiesel.
anyone wanting to help pay for it, send BTC to
1L52qx88JaFhmrRq9YjtLgGN774SPRXGkB

That does make sense although something like a dispute service for exchanges similar to paypal that locks the wallet from trading while a result is found? I'm only talking about the exchanges. I doubt there could even be a way to lock wallets without destroying the nature of the beast.


Happy Birthday! What car?

Probably trying to find a soft spot on the other pools ?

Not in dire need at all. Actually, today is my birthday, and I'm going to try to buy a truck with bitcoin today. Selling a used car salesman on accepting bitcoin is gonna be awesome. I just get a little nervous when I see situations like this involving any amount of my bitcoins. Your fast response and offer to send me your bitcoins puts me at ease. You guys are stand up folks, and I seriously dig it. I'm going to build a bigger gpu farm and aim it at your pool. Thanks for showing responsibility and integrity in a tough situation.

I think the big sticking point with that is the question of who decides what is "stolen funds".

A large part of Bitcoin's appeal is it's decentralized nature. No government, nor bureaucrat, nor bankster, nor judge may decide where, how, or with whom you spend your money.

If an organization should be created to "blacklist" coins or wallets, how long until suddenly spends to Wikileaks become "stolen" for political convenience?

Very nice.

I was wondering why the exchanges cannot ban a wallet that has been proven as a repository for stolen funds? That would at least make liquidating stolen funds tougher I would think? Just thinking here.

It has been less than 48 hours since our announcement, we are 90% complete and plan on having it ready to go tonight. If you are in that dire of need for your BTC please feel free to PM me, I'll personally send you you're BTC out of pocket.

December 26th? That's two days after the Hashcows theft.

Why the hell would he start mining to the same address two days after stealing 40BTC from another coin-switching pool? This bloke's incredibly arrogant, or incredibly stupid, or both. Or is he trying to somehow dilute or launder his ill-gotten goods?

https://blockchain.info/address/13R87ropkDKzDEuVeQoX64kkcLvPWVdTKH
He's starting to spend the funds.