Deepbit now vs Catastophe later? | Bitcointalksearch.org

minerX

newbie

Activity: 56

Merit: 0

Quote from: horrorshow on June 09, 2011, 12:22:08 AM

You will make just as much bitcoins mining a different pool than deepbit....it will just pay through longer intervals...

Seriously dude, at this point, are you trolling or what?

Damn, I've been found out! Don't tell the other Rezin777.

horrorshow

newbie

Activity: 56

Merit: 0

You will make just as much bitcoins mining a different pool than deepbit....it will just pay through longer intervals...

Seriously dude, at this point, are you trolling or what?

phillipsjk

legendary

Activity: 1008

Merit: 1001

Let the chips fall where they may.

Try calculating per-month solo mining.

Edit: when I estimated mining would stabilize with 50,000 distinct entities, I assumed the average entity would be willing to wait a year on average for a pay-out, not an hour...

davux

sr. member

Activity: 288

Merit: 263

Firstbits.com/1davux

Quote from: PcChip on June 08, 2011, 11:32:57 PM

If you were making $100 per hour, every hour, 24/7, would YOU stop what you were doing?

The problem is you don't make dollars but bitcoins when mining. If Deepbit has monopoly, the system will collapse, and all those bitcoins will be worth nothing. Not very appealing.

PcChip

sr. member

Activity: 418

Merit: 250

Quote from: horrorshow on June 08, 2011, 07:10:02 PM

Exactly. Seriously. Get off deepbit until it reaches reasonable levels. I don't see tycho posting responses to these, and that's enough of an indicator to me that he either does not understand or does not care about the potential consequences...

If you were making $100 per hour, every hour, 24/7, would YOU stop what you were doing?

horgh

newbie

Activity: 20

Merit: 0

I don't know am I very unlucky, but I always seem to get more BTC/24h when mining on Deepbit than any other pool. I know I should get less in the long run (because of fees) but always when I try some other pool I get something like 50% of BTCs that I'd get on Deepbit.

Maged

legendary

Activity: 1204

Merit: 1015

Quote from: minerX on June 08, 2011, 07:30:15 PM

I hope deepbit hits 100%. I would love getting a payoff for every block! Completely eliminates luck.

When deepbit is over 50%, they have the authority to take 100% of the blocks if they want.

Shuffle

newbie

Activity: 42

Merit: 0

Quote from: minerX on June 08, 2011, 08:29:48 PM

Quote from: rezin777 on June 08, 2011, 08:21:51 PM

Quote from: minerX on June 08, 2011, 07:54:57 PM

I'll just stick to my deepbit mining.

Lemme guess, you are from OCN and you kept your miner pointed at deepbit when they were down during the DDOS?

(this is a joke, of course, just having some fun with you)

(although, I bet it's true!)

How did you know? Stupid DDOSERS CANT FOOL ME.

I knew deepbit would come back up so I figured why configure all of my miners. I mean seriously that's a lot of work! 9x 5850, 3x 6870, 2x 6970, 2x 6950, 1x 6990.

I mean, you try typing all that up in Ubuntu!! And then on 3 more windows systems. It's just too much for my poor fingers.

you should be solo mining with all that, you would find a ton of blocks alone

grndzero

sr. member

Activity: 392

Merit: 250

Quote from: V2-V3 on June 08, 2011, 07:14:49 PM

Start mining on smaller pools to level out the playing field its the only way it will work.

deep bit has a monopoly with 2300Gigahash/s now and climbing!!!!

try some of the smaller pools like BitClockers

mo·nop·o·ly
[muh-nop-uh-lee]
–noun, plural -lies.
1.
exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
2.
an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3.
the exclusive possession or control of something.

No monopoly exists in Bitcoin.

minerX

newbie

Activity: 56

Merit: 0

Quote from: rezin777 on June 08, 2011, 08:21:51 PM

Quote from: minerX on June 08, 2011, 07:54:57 PM

I'll just stick to my deepbit mining.

Lemme guess, you are from OCN and you kept your miner pointed at deepbit when they were down during the DDOS?

(this is a joke, of course, just having some fun with you)

(although, I bet it's true!)

How did you know? Stupid DDOSERS CANT FOOL ME.

I knew deepbit would come back up so I figured why configure all of my miners. I mean seriously that's a lot of work! 9x 5850, 3x 6870, 2x 6970, 2x 6950, 1x 6990.

I mean, you try typing all that up in Ubuntu!! And then on 3 more windows systems. It's just too much for my poor fingers.

rezin777

full member

Activity: 154

Merit: 100

Quote from: minerX on June 08, 2011, 07:54:57 PM

I'll just stick to my deepbit mining.

Lemme guess, you are from OCN and you kept your miner pointed at deepbit when they were down during the DDOS?

(this is a joke, of course, just having some fun with you)

(although, I bet it's true!)

phillipsjk

legendary

Activity: 1008

Merit: 1001

Let the chips fall where they may.

You said it, not me.

minerX

newbie

Activity: 56

Merit: 0

Quote from: rezin777 on June 08, 2011, 07:38:22 PM

Quote from: minerX on June 08, 2011, 07:30:15 PM

I hope deepbit hits 100%. I would love getting a payoff for every block! Completely eliminates luck.

You can start a new private chain and mine all the Bitcoins for yourself. No luck, and no sharing. Seems like a no brainer to me.

(Who's going to buy a decentralized currency that isn't decentralized?)

I'm too dumb for that. I'll just stick to my deepbit mining.

rezin777

full member

Activity: 154

Merit: 100

Quote from: minerX on June 08, 2011, 07:30:15 PM

I hope deepbit hits 100%. I would love getting a payoff for every block! Completely eliminates luck.

You can start a new private chain and mine all the Bitcoins for yourself. No luck, and no sharing. Seems like a no brainer to me.

(Who's going to buy a decentralized currency that isn't decentralized?)

minerX

newbie

Activity: 56

Merit: 0

I hope deepbit hits 100%. I would love getting a payoff for every block! Completely eliminates luck.

AtlasONo

hero member

Activity: 551

Merit: 500

The [reptilian banker overlords] are going to pay tycho a few million to fork the block chain and kill bitcoin.

V2-V3

full member

Activity: 227

Merit: 100

Start mining on smaller pools to level out the playing field its the only way it will work.

deep bit has a monopoly with 2300Gigahash/s now and climbing!!!!

try some of the smaller pools like BitClockers

Jdumond

member

Activity: 80

Merit: 10

Quote from: horrorshow on June 08, 2011, 07:10:02 PM

Exactly. Seriously. Get off deepbit until it reaches reasonable levels. I don't see tycho posting responses to these, and that's enough of an indicator to me that he either does not understand or does not care about the potential consequences...

In other words, run like hell away from deepbit UNTIL it reaches reasonable levels. Give the other pools some love and let's try and keep it balanced.

the more value of BTC, the more media attention, increased leverage (and % for lawyers) for groundbreaking lawsuits, even governmental regulation. If we cant fix this ourselves more people will complain, some politician will see a sparkle in his/her eye, and it will all be over.

IT WILL RUIN MY FREAKING AWESOME HOBBY SO FREAKING GET OFF DEEPBIT!!!!!!!!

horrorshow

newbie

Activity: 56

Merit: 0

Exactly. Seriously. Get off deepbit until it reaches reasonable levels. I don't see tycho posting responses to these, and that's enough of an indicator to me that he either does not understand or does not care about the potential consequences...

In other words, run like hell away from deepbit UNTIL it reaches reasonable levels. Give the other pools some love and let's try and keep it balanced.

Jdumond

member

Activity: 80

Merit: 10

So from what I have been reading, we need to get off the evil empire deepbit before there is an eventual screw in the chain.

Lets say we do, wait till bitcoins are worth 50, 100 even a 1000.

that would seem to me the time to strike with falsities?

Why not figure it out now, and avoid catastrophe later?

Topic: Deepbit now vs Catastophe later? (Read 1915 times)