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Topic: GHash.IO and double-spending against BetCoin Dice (Read 112003 times)

sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Whats up with the addy pools ?

http://blockchain.info/pools?timespan=24hrs
It looks like these pools are "unknown" pools but all of the mining proceeds are being sent to the same address.

It appears that blockchain.info is trying to make their pool stats more accurate.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Blockchain.info is openly accepting submits.
Hope those are curated.
https://twitter.com/aantonop/status/480033600872914945
member
Activity: 200
Merit: 10
Everything I read about this did seem fishy and looked to check out.
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
member
Activity: 175
Merit: 10
Anyone using Ghash.io at this point is NOT helping bitcoin.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Having both a CLI and GUI, everyone could choose.
Why argue against the creation of such a choice, easier to just write it.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines"



I agree that having a GUI is useful to those who are less technically inclined however I also agree that Command Line is a good as well as you don't have to worry about the GUI resource requirements on the OS not to mention the automation that you can put in place if a GUI was not required.

I have looked into P2Pool lately and I absolutely believe that is a possible solution especially if it was integrated with the popular miners. I just wish the over all hash rate of the P2Pool network was higher to make it more profitable to mine...

You could use a GUI that could display the output that your command line program would display in a more "user friendly" format. The GUI could also change settings that you would need to type manually in your command line program. The command line verson of the program could then run in the background and the GUI would only need to be open when the user is interacting and/or watching it.
full member
Activity: 225
Merit: 103
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines"



I agree that having a GUI is useful to those who are less technically as I.

sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

Some people that have money to invest in miners are less technically inclined and might not be comfortable using a program that only uses "command lines"

legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
centralization of mining pools are not a technical problem, its a people problem

In my experience it is easier to fix technology than to fix people.
Make the technology easier (such as adding the p2p pool options to cgminer and guiminer as suggested above) and that fixes lots of people, when the issues are understood.

Adding in merge mining options, and other profit generating activities that the pools can offer and it become easier and more rewarding.

People are more inclined to do the right thing when the right thing is not too hard for them, and doesn't cost too much.


legendary
Activity: 2674
Merit: 2965
Terminated.
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

And eliminate pools ! Smiley F U multi pools ! Grin

I've been mulling this over for some time now..


When you say, "pool op can screw you in many ways", do you mean things like :
- alternate payout addys
- "orphans"
- blocks that pay out 10% of normal reward
- extremely high minimum share difficulty
- extremely fast share expiry rate ect..

Can you tell that I've had my fill ? heh...

Are there any plans to integrate P2P with the client ?

Make it 'turn key' and us noobs Tongue (f the morons Grin ) will flock to Anoncoin. lol
Well yes, I just don't know why this isn't being worked on more quickly. Pools were never needed IMO.
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.

And eliminate pools ! Smiley F U multi pools ! Grin

I've been mulling this over for some time now..


When you say, "pool op can screw you in many ways", do you mean things like :
- alternate payout addys
- "orphans"
- blocks that pay out 10% of normal reward
- extremely high minimum share difficulty
- extremely fast share expiry rate ect..

Can you tell that I've had my fill ? heh...

Are there any plans to integrate P2P with the client ?

Make it 'turn key' and us noobs Tongue (f the morons Grin ) will flock to Anoncoin. lol
legendary
Activity: 1974
Merit: 1075
^ Will code for Bitcoins
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

I don't agree on the GUI part. No serious IT infrastructure would trust a GUI. What's actually needed is that current dominant mining applications (bfgminer, cgminer) incorporate p2p component. That would bring p2p usage to new heights.
newbie
Activity: 27
Merit: 0
centralization of mining pools are not a technical problem, its a people problem
full member
Activity: 149
Merit: 100
Why don't just fund a pool ? We have a lof of new millionaires in dollars with BTC.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
If CEX can double spend, or 51% attack or whathave you......the problem seems to be with bitcoin itself, not any one user. CEX seem to be good guys, what happens if bad guys develop the same power.

Good or Bad, they are subject to coercion.
Centralization of power is bad for bitcoin, it destroys its value, it adds trust relationships where they don't belong.

CEX is unwise for allowing themselves to get to this point, that alone, even if it doesn't make them "bad" and "untrustworthy", they need to be better than this.
They do not have the power to resist the coercive forces at play in the world, and either have too much hubris to see the truth of that, or are already compromised.  Either way, there are evidently necessary improvements needed.  Yes, in the protocol, as well as in the wisdom and responsibility of those that would hold its reins.
member
Activity: 85
Merit: 10
If CEX can double spend, or 51% attack or whathave you......the problem seems to be with bitcoin itself, not any one user. CEX seem to be good guys, what happens if bad guys develop the same power.
sr. member
Activity: 266
Merit: 250
We need a usable p2pool software so that everyone starts mining. It's the only way, we need decentralized mining. We need it easy to install & configure, clean and with intuitive gui.

This.  However, the last time I looked at P2Pool myself (I was just a small miner mostly for fun, now I've even switched off completely), the "problem" I noticed most was that with my hash rate, I wouldn't even be able to consistently get returns out of P2Pool.  I don't know how many of the current GHash.io miners have such a low hash rate, though.

P2P miners do not control enough hashpower to really make them viable as they rely too much on luck.

While P2P is a noble idea, traditional pools are here to stay, at least IMO
sr. member
Activity: 364
Merit: 257
Clearly the free market has dictated that GHash can grow to its size. Stop trying to fight the invisible hand by DDOSing GHash. You dont like it? Start up a competitor.

This place is the worst, everyone cries about FREE MARKET and BAD GOVT REGULATION but suddenly when they aren't at the top of the food chain it turns into "DDOS THEM TO DEATH", "WE NEED REGULATIONS!", "HARDFORK THE PROTOCOL!"

The DDOS is a market circumstance, only the best pools will survive, those who are able to competitively deal with all adversities.
legendary
Activity: 882
Merit: 1000
Start up a competitor.

Working on it. Project launch will be probably less than two months.
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