Beware Of BigVerns Pools and Cryptsy. - page 2.

riku2015

member

Activity: 112

Merit: 10

Quote from: riku2015 on May 22, 2013, 02:45:17 PM

it is already over 51%

Pool Hashrate: 964.89 MH/s
Network hashrate: 1568.52 MH/s

it is already over 51%

Network hashrate: 1605.06 MH/s

http://www.worldcoinpool.com Pool Hashrate: 970.1 MH/s
http://wdcpool2.erundook.net Pool hashrate: 471.90 MH/s
http://wdcpool.erundook.net Pool hashrate: 472.74 MH/s

JesstersDead

full member

Activity: 154

Merit: 100

I forgot where I put my wallet.dat

Quote from: BitJohn on May 22, 2013, 02:48:53 PM

I think the argument is verns pools are so good that people use them.....This is bad because his pools can get over 51% and he doesn't limit them. So lets hear from the super smart folks? If a pool has 51% or more what can the pool owner do to the network what is the risk? Im not worried about Vern's integrity if that is why we are bewaring but a good discussion on the issue should be had.

See here: http://www.btcpedia.com/bitcoin-51-attack/

thep33t

full member

Activity: 126

Merit: 100

Quote from: BitJohn on May 22, 2013, 02:48:53 PM

I think the argument is verns pools are so good that people use them.....This is bad because his pools can get over 51% and he doesn't limit them. So lets hear from the super smart folks? If a pool has 51% or more what can the pool owner do to the network what is the risk? Im not worried about Vern's integrity if that is why we are bewaring but a good discussion on the issue should be had.

with majority hashpower, the blockchain can be manipulated by that pool.

BitJohn

hero member

Activity: 826

Merit: 1001

@Bit_John

I think the argument is verns pools are so good that people use them.....This is bad because his pools can get over 51% and he doesn't limit them. So lets hear from the super smart folks? If a pool has 51% or more what can the pool owner do to the network what is the risk? Im not worried about Vern's integrity if that is why we are bewaring but a good discussion on the issue should be had.

limbaugh

legendary

Activity: 1311

Merit: 1000

So this is the end of WDC?

shakezula

sr. member

Activity: 308

Merit: 250

I have no problems with his mincoinpool.com, been mining it for a few weeks now issue free.

riku2015

member

Activity: 112

Merit: 10

it is already over 51%

Pool Hashrate: 964.89 MH/s
Network hashrate: 1568.52 MH/s

BitJohn

hero member

Activity: 826

Merit: 1001

@Bit_John

yeah I love verns pools and they have high hashrates because they are not shite

zokos

full member

Activity: 136

Merit: 100

That is true he should limit new users joining on his pools.

chondrite

full member

Activity: 237

Merit: 100

Quote from: mr_random on May 22, 2013, 02:32:00 PM

Quote from: zokos on May 22, 2013, 02:26:40 PM

What you can wonder about. You really think that someone else could not open the pool in its place and the same thing happens?

No-one is saying close down Verns pool and open another one. We are saying he should limit new users joining so they are forced to use any other pool than his thus distributing the hash rate rather than having half the network hash in a single pool. It's quite simple.

It's also easy to up the fee to deter miners.

pizza

member

Activity: 112

Merit: 10

Quote from: JesstersDead on May 22, 2013, 02:29:57 PM

I don't post much as this forum has better served me as a simple source of information. However, here's my 2 cents. As you are correct in your concern, seeing as how BV has responded to any issue brought to his attention both here on on the litebonk forums within an hour, I may suggest just bringing the issue to his attention directly. As you stated, Vern's pools usually have a fairly low but steady user base. As such I doubt this particular issue was on the forefront of his ToDo list. An any case, I have already notified him of a need to fix this issue.

it written in fairly big letters to control high hashing powers, and the pool was emailed. You don't need to have someone bring this your attention where you can see your pools hashing power and network power everyday.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: zokos on May 22, 2013, 02:26:40 PM

What you can wonder about. You really think that someone else could not open the pool in its place and the same thing happens?

No-one is saying close down Verns pool and open another one. We are saying he should limit new users joining so they are forced to use any other pool than his thus distributing the hash rate rather than having half the network hash in a single pool. It's quite simple.

JesstersDead

full member

Activity: 154

Merit: 100

I forgot where I put my wallet.dat

I don't post much as this forum has better served me as a simple source of information. However, here's my 2 cents. As you are correct in your concern, seeing as how BV has responded to any issue brought to his attention both here on on the litebonk forums within an hour, I may suggest just bringing the issue to his attention directly. As you stated, Vern's pools usually have a fairly low but steady user base. As such I doubt this particular issue was on the forefront of his ToDo list. An any case, I have already notified him of a need to fix this issue.

zokos

full member

Activity: 136

Merit: 100

What you can wonder about. You really think that someone else could not open the pool in its place and the same thing happens?

hdclover

hero member

Activity: 1120

Merit: 501

www.bitcoin.org

looking forward to 51% ... you can do it. go go go

pizza

member

Activity: 112

Merit: 10

Quote from: mr_random on May 22, 2013, 02:21:47 PM

Quote from: zokos on May 22, 2013, 02:20:47 PM

His pools are realy good they work great.
What he can do about price there would be someone else who will open the pool and the same thing will happen.

I really wonder about people here sometimes.

User with 10 posts his pools are really good lmao. All his other pools have almost no one using them.

umair140

newbie

Activity: 8

Merit: 0

Happy wdc blockchain splitting. If this will not split now it will happen in the future. This alt coin is doomed to fail. Dont blame the pool. Blame the developer.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: zokos on May 22, 2013, 02:20:47 PM

His pools are realy good they work great.
What he can do about price there would be someone else who will open the pool and the same thing will happen.

I really wonder about people here sometimes.

zokos

full member

Activity: 136

Merit: 100

His pools are realy good they work great.
What he can do about price there would be someone else who will open the pool and the same thing will happen.

mr_random

legendary

Activity: 1344

Merit: 1001

Pizza is 100% right. Vern's WDC pool is almost 50% and he doesn't give a fuck that it could split the blockchain. He has a responsibility to manage the hashrate but he is greedy and only cares about his own short term profits.

Don't mine at his pool if you want WDC to have a future. In these early days because WDC has only 15 seconds per block we need to be more careful until hashpower is better distributed. I am boycotting his exchange.

Topic: Beware Of BigVerns Pools and Cryptsy. - page 2. (Read 2194 times)