FYI, this anondings fella, is also showing up as the biggest miner at myr.suchpool.pw, which i think phoenix mentioned is a pool where he has noticed this issue.
OK, could you explain how they are scamming anyone except people dumb enough to mine on their pool?
Pool is a scam = don't mine there
PROBLEM SOLVED
MYR Price on Mintpal doesn't look good - don't some of these miners understand that you don't sell at any price - you hold until it gets better?
Because they get it for free, so selling at any price is profit, and they know that we know, so they have no incentive to hold (unlike actual miners).
The most they can steal is some fraction of the total hashing power on this shitpool. I STILL don't understand what kind of tard would mine on such a pool. So:
DON'T MINE ON POOLERINO - YOUR COINS ARE BEING STOLEN BY SCAMMERS EXPLOITING AN ANCIENT STRATUM BUG
Also, anyone who mines can sell when they want to. Lack of buying depth is probably the cause of the current price drop. Or someone is dumping coins to set up a pump. Or someone wants this coin gone for an unknown reason.
Regardless, current price is not that important as long as it's not zero and it's not dollar parity. MYR is built on a solid innovation, the devs seem competent+, there are goods and services for sale using the coin, and there is no HYPE.
Personally I see no reason to sell this coin in the near future!
This is not the first time community members mentioned, Fake share, AN ANCIENT STRATUM BUG for MYR mining. Seems that all five algo pools had this bug and miners are not sure which pools are fair to mining. Now each algo has two or three alive mining pools, one or more pools might still operate this bug, it's difficult to judge and mining in clear pools, for this reason some my friends gave up mining MYR. Devs would u plz do a favor, provide your opinions or solution on this? thx
Unfortunately there is little pool operators can do against certain attacks, e.g. block withholding attack (see http://bitcoin.stackexchange.com/questions/1338/how-is-block-solution-withholding-a-threat-to-mining-pools). The best defence against this attack is to have large enough hash rate so that the effect of such an attack is minimized. Pool operators can also monitor for users that submit a large number of shares without ever finding a block, but this could only be apparent after a long period of time.
These attacks are not related to the Myriad daemon specifically and can be executed on any pool for any coin. There is nothing the Myriad daemon/wallet can do, it only accept good blocks and reject bad blocks, regardless of where they come from.
The best solution for this is for pool operators and miners to be vigilant. Report anything suspicious to the pool operator and choose pools from trusted operators.
that might explain why most pools are consistently at a 105-110% the estimated block time over the course of a month?
OK I now see that this is a problem with more Stratum pools than I thought. However, from the Stack Exchange discussion:
The consensus is that such attacks are likely to remain rare and generally insignificant. The payout for the attack is simply too small and it's not an effective way to bankrupt a pool or get miners to desert a pool unless it's a particularly small pool, in which case there's generally no point.
Could anyone volunteer to write code to test a pool's stratum implementation remotely?
Can people go back to solo mining or setup private pools with trusted users?
Finally, dev has responded on this issue, can we all please stop screaming about falling prices being caused by this?