First a couple of corrections. Bird’s P2Pool has been spiking higher in the last few days only to fall back to longer term levels, The Blocks Factory has been suffering attrition these last couple of days, Miner’s Pool has gone to zero, while CryptoPool’s hashrate has, at best, been steady for days, if not weeks, now, as anyone mining there will attest – in fact, the number of miners has fallen from peak levels. It is incorrect to say that the other three pools have suffered as miners move to CryptoPool.
A hashrate estimate for BoostPool of 8 GH/s is greatly underestimated if you base your estimate on real DGB data and not on srcxxx’s propaganda. An 8 GH/s figure is what you get if you’re calculating the official, srcxxx’s snake oil figures, but it's not even close if you’re working with REAL data. As correctly mentioned (as though it somehow refuted what is being discussed), block discovery is running at an even rate for ALL the algos, and if we use that very real and very tangible and very verifiable data we can clearly say that if an average of 4 to 5 GH/s is finding around 20% of Groestl blocks, the other 80% has to be an average of 16 to 20 GH/s.
The math isn’t that hard to get right.
BTW, the difference between the real figures and the propaganda based figures is what srcxxx is currently taking off the top.
It’s really a modified version of the botnet strategy. The crypto botnet seeks to install miners on other people’s machines in order to essentially exploit a hashrate that the end user is unaware of. That strategy is still very much a possibility from a technical standpoint, but from a profitability standpoint, it is not. BitCoinTalk’s friendly con artist, srcxxx, has developed a slightly modified strategy which is to get people to willingly give him their hashing power, and then exploit it once he has it.
It is most certainly a server side, let me be clear, pool side, exploit in this case. All stats are hidden. The data is even “converted” into a scrypt equivalent (in the name of making things easy to understand, and for the idiots who actually buy into his scam, they might actually be dumb enough to need such “help” even if it were legit). What this does is hide the real hashrate that eventually gets channeled into his DGB wallet. (Always remember these basics to the equation: srcxxx is the developer of BOTH the miner and the pool, which means he controls what you see and what he sees . . . that is until you start following the money trail, i.e. payouts.)
Get people to send you their hashing power by offering them a little more (and periodic prizes, etc.) and then exploit that so that you double, triple, the effective hashrate over what is being reported and you pocket the difference.
NOW FOR THE REAL ISSUE FOR US:
If one person were using an unfair, proprietary, advantage to “boost” their own particular mining, there would be no issue. We’d have to call that innovation.
But, when one person uses that same unfair, proprietary, advantage to fleece unsuspecting victims, we have a problem.
From a technical, economies of scale, standpoint, one individual would have to invest a great deal of money to implement an operation of sufficient size to have any real effect on the global network.
But when one individual is massing together the cumulative hash power of many unsuspecting victims, the impact on the network is considerable, and extremely negative.
If ethics, or right and wrong, don’t mean anything to you, at least that last comment should, that is if you at least want to protect your own interests.
why buy expensive