1) wait until someone launches new p2p currency
2) have pool ready
3) get everyone to mine new p2p currency on your pool
3) use your less than 1 ms latency to mine the shit out of new p2p currency while your pool ensures that you control the blockchain
4) if people complain about only stales while your getting all the blocks blame it on the low difficulty
5) dump coins on exchange to get all the investors bitcoins
6) profit
This is not i0coins's fault and does not make it a scam.
It's also flat out wrong.
Maybe next time try using a miner that can handle > 1 longpoll/second and doesn't need half a eternity from finding a H==0 to submitting a share.
I did that, got >700 of the early blocks with 6Ghps and a 180ms ping to io.btcguild.
Hi Art,
I used poclbm.
Did you use a custom modified miner or a freely available one?
Perhaps the H==0 is done by custom asics?
http://bitcoinstats.com/irc/logs/2011/01/15/10crap no wonder I'm one of life's losers lmao
Although those few with the big rigs and shortest latency did get WAY more coins than anyone else, software made a difference for getting them in the first few hours also.
I've mentioned a few times that I use cgminer.
I got seven 1 share blocks in the first 33 minutes (my first was around 90 seconds from the start) with a 710Mh/s rig
Also my latency is just over 200ms
Rig network: PowerLine to Gigabit router (amber: 50-80Mbit), then Gigabit to linux router, then 100Mbit to switch then 100Mbit to ADSL router then 800Kbit to the internet ...)
So software choice clearly makes a difference too.
P.S. can everyone stop feeding the 'troll' and he will hopefully go away
(I'm not referring to anyone in this post of course)
