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Topic: GPUMAX | The Bitcoin Mining Marketplace - page 129. (Read 215555 times)

sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 30, 2011, 11:32:35 PM
#38
As I solo merge mine, will i be able to point miners to my ip address, when i buy shares? (I can show proof that it is my ip by upping sth to the webserver for example)


No, we are only allowing Trusted pools to be listed for purchasing shares.  The list is growing and all of the pools are being verified.
sr. member
Activity: 339
Merit: 250
dafq is goin on
December 30, 2011, 11:23:34 PM
#37
As I solo merge mine, will i be able to point miners to my ip address, when i buy shares? (I can show proof that it is my ip by upping sth to the webserver for example)
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
December 30, 2011, 10:54:55 PM
#36
Christ, someone actually did this! Grin
Finally finally finally!
edit: That's a really nice and clean design.
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 29, 2011, 03:44:45 PM
#35
We have started to bring on miners from our waiting list one by one.  The purchasing side of the site has been disabled until we ensure everything is running properly.

Stay Tuned!
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 28, 2011, 01:27:34 PM
#34
May i try? )

You can sign up on the site to join the waiting list.  We will be sending out invites within the next day or two.

Thanks,
newbie
Activity: 44
Merit: 0
December 28, 2011, 01:26:27 PM
#33
May i try? )
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 28, 2011, 01:17:28 PM
#32
Trusted pools have been updated in the op. More to come but this is a good start. Smiley
full member
Activity: 256
Merit: 100
Risk-hedging platform for cryptocurrency investors
December 28, 2011, 04:16:57 AM
#31
Good idea. Waiting for the invitation...
newbie
Activity: 44
Merit: 0
December 28, 2011, 12:18:27 AM
#30
Great idea! =)

Waiting to try.
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 27, 2011, 11:12:52 PM
#29
At first I was thinking this was a new service for renting GPU power for general purpose calculation, requiring a multi-purpose client for mining and say cracking password.

I don't see what else than attacking bitcoin and hop... this can be used for.

We thought about that when we were planning out this project.  Lots of industries could find on-demand hashing power useful and can be much more profitable for miners and us.  For now we're focused on Bitcoin but that may change in the future.
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 27, 2011, 11:09:13 PM
#28
Update:

I can now confirm that we will be restricting the pools that "Buyers" can mine on to trusted pools per our core Bitcoin users.  A full list of pools will be updated in the op when we have a complete list.

This change will NOT affect miner's (offline) pools.

Thanks,
donator
Activity: 1731
Merit: 1008
December 27, 2011, 11:01:44 PM
#27
At first I was thinking this was a new service for renting GPU power for general purpose calculation, requiring a multi-purpose client for mining and say cracking password.

I don't see what else than attacking bitcoin and hop... this can be used for.
donator
Activity: 1731
Merit: 1008
December 27, 2011, 10:56:52 PM
#26
I must be thinking of something else. Wrong forum.
Here it's bitcointalk.org
newbie
Activity: 7
Merit: 0
December 27, 2011, 07:31:34 PM
#25
I must be thinking of something else. Wrong forum.
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 27, 2011, 07:29:52 PM
#24
Hi. I am very excited about this, personally. Being involved in the private demo pre-launch, many giggahashes were rewarded. I look forward to using the public service.


Huh? We haven't even invited anyone yet.
newbie
Activity: 7
Merit: 0
December 27, 2011, 07:27:54 PM
#23
Hi. I am very excited about this, personally. Being involved in the private demo pre-launch, many giggahashes were rewarded. I look forward to using the public service.
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
December 27, 2011, 07:09:36 PM
#22
Interesting concept. Kinda of a meta pool. I wouldnt mind connecting one mining rig to kick the tires.
I would also, Enjoy, Kicking the tires, Hell, If i could just toss 1ghash overthere, Correct me if im wrong, But whats BASICALLY going to happen is that:

"ladeeda mine mine mine" "hey buddy i see your GPU is up for rent, Can i rent it for xyz?" "Sure" "Ladeeda Now public mining"

My question, Is where is my Original hash power going to be directed to, Do i just Aim at deepbit TRHOUGH GPUMAX, and therefore whenever im Not being rented GPUMAX will tell my miners to go back to deepbit?

Im alittle confused as to how im going to recieve extra amounts by renting out my hashpower, Errr.

Guy rents gpu.. For the PPshare performance cost... Wich gets sent to me.. Annnd thennn.. My running GPU.... Mines for him? at the PPshare price being sent to me?

Breakdown please?

Your miners are pointed to our system the entire time.  You setup your offline pool and a PPS price that you're willing to sell your hashing power for.  When we sell a contract to someone wanting power the system queues up the work to all of the connected miners accepting public work and within the price threshold.  Your miners don't see any differently and seamlessly move from mining shares at your poor to working on the public work queue.  Once the work is done it moves right back to your pool without missing a beat.

I hope this helps.


Perfect explaination, Thanks pirate.
So in the tl;dr version.
You mine at a set PPshare rate, And the Variance is what people "taking from you"
So for PPshare miners, This is Great!. And during bad luck, This is Great!.
 
fun fun!
sr. member
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
December 27, 2011, 06:11:19 PM
#21
Interesting concept. Kinda of a meta pool. I wouldnt mind connecting one mining rig to kick the tires.
I would also, Enjoy, Kicking the tires, Hell, If i could just toss 1ghash overthere, Correct me if im wrong, But whats BASICALLY going to happen is that:

"ladeeda mine mine mine" "hey buddy i see your GPU is up for rent, Can i rent it for xyz?" "Sure" "Ladeeda Now public mining"

My question, Is where is my Original hash power going to be directed to, Do i just Aim at deepbit TRHOUGH GPUMAX, and therefore whenever im Not being rented GPUMAX will tell my miners to go back to deepbit?

Im alittle confused as to how im going to recieve extra amounts by renting out my hashpower, Errr.

Guy rents gpu.. For the PPshare performance cost... Wich gets sent to me.. Annnd thennn.. My running GPU.... Mines for him? at the PPshare price being sent to me?

Breakdown please?

Your miners are pointed to our system the entire time.  You setup your offline pool and a PPS price that you're willing to sell your hashing power for.  When we sell a contract to someone wanting power the system queues up the work to all of the connected miners accepting public work and within the price threshold.  Your miners don't see any differently and seamlessly move from mining shares at your poor to working on the public work queue.  Once the work is done it moves right back to your pool without missing a beat.

I hope this helps.
staff
Activity: 4284
Merit: 8808
December 27, 2011, 05:37:50 PM
#20
If that's the case, preaching about a "dangerous" service to bitcoin doesn't seem like the right way to go about fixing this. Even if you can convince pirate to not provide the service, it'd be fairly simple for someone shady to do the same thing, in a different community, for more nefarious purposes. If bitcoin's security fundamentally depends on convincing people to do the right thing, then that seems like a bug in bitcoin that should be addressed. You might be able to convince upstanding community members to introduce simple safeguards to workaround known protocol issues, but as interest grows, so will people doing things like this.

I welcome "fixes", but they really aren't possible.  Bitcoin is a decentralized system— but it's not decentralized anymore if you put control of it up for grabs in real-time by the highest bidder.  This is true for _any_ decentralized system.

Some of the security of bitcoin comes from the fact that it's economically more sensible to cooperate than to defect— that doing nasty things to the system will _lose_ money for the people who have the ability to do it (e.g. blockchain bloating attacks, and transaction prohibition attacks).  But a key element in that is educating people about whatever is in their best interests.  As a miner, it's not in your interest to cause increased centralization or enable attacks.  

There are many techniques which can be applied to resist centralization. Bitcoin is more than a piece of software. More than a protocol. It's an ecosystem, an economy. And education is part of our defenses.

Here is a more scary and concrete example.

Lets imagine that meta-pool services with open mining policies became very popular and together represented >50% of the hash power.    I, the evil attacker, setup a copy of bitcoin to perform the timewarp attack:  I will lie about the timestamps in my blocks in such a way to drive down the difficulty to 1 while massively cranking up the block rate.    I then go to the mining loan services and purchase all the hash power they have available offering 0.0001 BTC/share.  This astronomical rate will get me all the hash power I need, and I'll easily be able to pay for it because I'll be making 0.02 BTC/share once I get the difficulty down to 1.

Normally we're resistant to the timewarp attack because anyone who controlled >50% of the hash power would find it not in their best interest to blow up bitcoin. But in this case, my investment would only be the funds I needed to front to start the attack. The miners themselves wouldn't get a chance to disagree with this policy because I will have bought their mining on the open market, and carried out my attack before they even noticed— perhaps I could even manage to cash out some of the spoils of the attack before bitcoin collapsed completely, making it all quite profitable for me... and leaving miners with a bunch of worthless gpus.

(which is also why the fact that I could go out and buy lots of hash power isn't a problem)

All this is also an argument why any consolidation is bad— but in the case of pools they see substantial continued income by sitting back and not being evil compared to being evil and potentially getting a lot of money quickly but then being out of the game.. The incentives are not the same for market purchases. There is no harm in trying a little evil, even if you're not sure you'll be successful... because you'll only lose the small premium you had to pay to try.

Of course, if the service is more conservative about where the hash power can go— then thats a big improvement. And I'd withdraw most of my objections there. (though not all— the service is itself more consolidation that we don't really need)
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
December 27, 2011, 05:03:29 PM
#19
Your site will be a hacker magnet.

I sure hope anyone thinking of using this service to give a second thought.


Just because it may attract hacker-types does not mean that it is necessarily vulnerable. The infrastructure behind this is actually quite good.
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