Bitlc Makes A Stand Against Proxy Pool

jake262144

full member

Activity: 210

Merit: 100

Quote from: Jine on February 18, 2012, 08:11:18 PM

... And yes, we are switching from prop to PPLNS, check our previous voting-thread for more info why ...

I already voted in that poll

PPLNS is a decent system depending on the exact implementation, I'm sure you have acquainted yourself with Meni Rosenfeld's analysis of pool payout schemes.

ABCProxy deserve every bit of heat they are getting for hiding the true nature of their operation from their miners.

Best of luck to you, Jim.

Jine

sr. member

Activity: 403

Merit: 250

The reson for us bringing this to light is cause all the lies told by their pool-ops.
Another reson is also that they've deliberately avoided all of our detection mechanisms to avoid large-scale miners like these (botnets primarily, but also pool-hopping pools).

The third reason is that they ARE having a bad effect on our system, as it's 500-600GH that jumps to us for a few minutes, and then it's gone again. Such spikes are VERY hard to handle for anyone (it's thousands and thousands of simultaneous requests)...

We are aware of that we're still a prop-pool, but that wasn't the reson for us decicing to ban them, it was purely for the better good of the community, site and bitcoin as a currency.

And yes, we are switching from prop to PPLNS, check our previous voting-thread for more info why
ETA is in a few days.

--
Regards, Jim
Bit LC Inc.

jake262144

full member

Activity: 210

Merit: 100

If Bitlc changed their payout scheme to a non-hoppable one they would not need to take that stand...

stoppots

sr. member

Activity: 271

Merit: 250

Nice to see a small pool like Bitlc.net take a stand against ABCPool.co pool hopping its pool.

https://bitcointalk.org/index.php?topic=10121.1100

Topic: Bitlc Makes A Stand Against Proxy Pool (Read 1704 times)