In Community Spirit - Stop Buying More Miners?

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: KimNam on June 13, 2014, 12:08:59 AM

Quote from: Dalkore on June 12, 2014, 02:38:52 PM

Quote from: KimNam on June 12, 2014, 01:51:22 AM

do you mean buy mining rig/hardware?
we can't stop people to buy new hardware. people will stop when ROI seem impossible in their calculation, either because BTC prices crash or difficulty is too high
prevent 51% attack? just stay out from ghash.io Grin

but since they offer best choice for miners, not simple like that to say stay out from ghash.io Sad

I don't use ghash.io for that reason and we are pushing a ton of hashing power. Support a diverse amount of pools.

-D

which pools do you use?
any suggestion?

Slush, BTC Guild, etc.... Those are both decent pools.

KimNam

hero member

Activity: 644

Merit: 500

Quote from: Dalkore on June 12, 2014, 02:38:52 PM

Quote from: KimNam on June 12, 2014, 01:51:22 AM

do you mean buy mining rig/hardware?
we can't stop people to buy new hardware. people will stop when ROI seem impossible in their calculation, either because BTC prices crash or difficulty is too high
prevent 51% attack? just stay out from ghash.io Grin

but since they offer best choice for miners, not simple like that to say stay out from ghash.io Sad

I don't use ghash.io for that reason and we are pushing a ton of hashing power. Support a diverse amount of pools.

-D

which pools do you use?
any suggestion?

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: pjviitas on June 12, 2014, 09:11:56 PM

Quote from: RoadStress on June 12, 2014, 09:02:25 PM

Quote from: pjviitas on June 12, 2014, 08:42:57 PM

Quote from: Bitcoin++ on June 12, 2014, 01:48:30 AM

Just want to know what you guy feel about this:

1. Is the right thing to do to stop buying miners to prevent difficulty from rising too much?
or
2. Is the right thing to do to buy more miners to prevent a 51%-attack?

Personally I believe in #1 because most of us have older miners, like Antminer S1s, that truly help the network stay decentralized. If we keep these "alive" a few more months the GHash issue is probably resolved, and there will be more data centers in various locations around the globe - which also is decentralization in a way.

More miners has always been good however its starting to get to the point where the questions is "Where am I going to plug them in?"

https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998 Plenty of places to pick!

Nice to see someone get a plug in for colocation services however all these services do is increase the overhead for running miners.

You obviously do not know what you are talking about in regards to the value of hosting. This generation of ASIC miners are almost too big for a home power grid, especially if you have more than one and these days you do. The costs of mining will be bore period, many people do not want 2,000 watt heaters in their house during summer.

taipo

full member

Activity: 238

Merit: 100

Kia ora!

Pools with high hashrates attract huge mining rigs due to the guaranteed and constant payouts that has the luck factor minimised as much as possible.

Is why ghash.io continues to grow and dominate over any of its neat little features it offers to its users.

ghash.io would have to completely screw up in order for miners to exit in sufficient numbers to bring about equilibrium.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: pjviitas on June 12, 2014, 09:11:56 PM

Nice to see someone get a plug in for colocation services however all these services do is increase the overhead for running miners.

Increase the overhead? How come? I'm paying the same price for power as I would do home and I don't have to worry about any cooling or cabling problems. It's also an advantage for me because I have already maxed out my power circuit. Instead of upgrading my circuit and setting up cooling I'm just sending my new miners to a DC and they take care of everything. Win-Win!

pjviitas

sr. member

Activity: 434

Merit: 250

Quote from: RoadStress on June 12, 2014, 09:02:25 PM

Quote from: pjviitas on June 12, 2014, 08:42:57 PM

Quote from: Bitcoin++ on June 12, 2014, 01:48:30 AM

Just want to know what you guy feel about this:

1. Is the right thing to do to stop buying miners to prevent difficulty from rising too much?
or
2. Is the right thing to do to buy more miners to prevent a 51%-attack?

Personally I believe in #1 because most of us have older miners, like Antminer S1s, that truly help the network stay decentralized. If we keep these "alive" a few more months the GHash issue is probably resolved, and there will be more data centers in various locations around the globe - which also is decentralization in a way.

More miners has always been good however its starting to get to the point where the questions is "Where am I going to plug them in?"

https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998 Plenty of places to pick!

Nice to see someone get a plug in for colocation services however all these services do is increase the overhead for running miners.

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: pjviitas on June 12, 2014, 08:42:57 PM

Quote from: Bitcoin++ on June 12, 2014, 01:48:30 AM

Just want to know what you guy feel about this:

1. Is the right thing to do to stop buying miners to prevent difficulty from rising too much?
or
2. Is the right thing to do to buy more miners to prevent a 51%-attack?

Personally I believe in #1 because most of us have older miners, like Antminer S1s, that truly help the network stay decentralized. If we keep these "alive" a few more months the GHash issue is probably resolved, and there will be more data centers in various locations around the globe - which also is decentralization in a way.

More miners has always been good however its starting to get to the point where the questions is "Where am I going to plug them in?"

https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998 Plenty of places to pick!

pjviitas

sr. member

Activity: 434

Merit: 250

Quote from: Bitcoin++ on June 12, 2014, 01:48:30 AM

Just want to know what you guy feel about this:

1. Is the right thing to do to stop buying miners to prevent difficulty from rising too much?
or
2. Is the right thing to do to buy more miners to prevent a 51%-attack?

Personally I believe in #1 because most of us have older miners, like Antminer S1s, that truly help the network stay decentralized. If we keep these "alive" a few more months the GHash issue is probably resolved, and there will be more data centers in various locations around the globe - which also is decentralization in a way.

More miners has always been good however its starting to get to the point where the questions is "Where am I going to plug them in?"

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: xstr8guy on June 12, 2014, 04:36:16 PM

It's a free, international market. People are going to do what is best for them, not what's best for BTC. Even if you could stop individual miners from buying more machines (which you won't), you'll never stop corporations from building massive datacenters as long as they continue to profit.

This is true.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

It's a free, international market. People are going to do what is best for them, not what's best for BTC. Even if you could stop individual miners from buying more machines (which you won't), you'll never stop corporations from building massive datacenters as long as they continue to profit.

Comcaster

newbie

Activity: 3

Merit: 0

I think we need to make a new incentive to spread the mining power out

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: KimNam on June 12, 2014, 01:51:22 AM

do you mean buy mining rig/hardware?
we can't stop people to buy new hardware. people will stop when ROI seem impossible in their calculation, either because BTC prices crash or difficulty is too high
prevent 51% attack? just stay out from ghash.io Grin

but since they offer best choice for miners, not simple like that to say stay out from ghash.io Sad

I don't use ghash.io for that reason and we are pushing a ton of hashing power. Support a diverse amount of pools.

-D

KimNam

hero member

Activity: 644

Merit: 500

do you mean buy mining rig/hardware?
we can't stop people to buy new hardware. people will stop when ROI seem impossible in their calculation, either because BTC prices crash or difficulty is too high
prevent 51% attack? just stay out from ghash.io Grin

but since they offer best choice for miners, not simple like that to say stay out from ghash.io Sad

Bitcoin++

full member

Activity: 180

Merit: 100

Just want to know what you guy feel about this:

1. Is the right thing to do to stop buying miners to prevent difficulty from rising too much?
or
2. Is the right thing to do to buy more miners to prevent a 51%-attack?

Personally I believe in #1 because most of us have older miners, like Antminer S1s, that truly help the network stay decentralized. If we keep these "alive" a few more months the GHash issue is probably resolved, and there will be more data centers in various locations around the globe - which also is decentralization in a way.

Topic: In Community Spirit - Stop Buying More Miners? (Read 755 times)