[LOGIC] Logicoin | Decentralized Anonymous Smart Contracts | Blockchain Tech - page 31.

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: fairglu on May 16, 2014, 11:36:46 AM

Quote

Trade My Bit got 8.94GH/s on us. Our usual mining hash is only 1.67GH/s.

Without 5limi the "usual" mining hashrate was probably below 1GH/s, as 5limi was about 50%.

This is consistent with the ratio of blocks claimed by tmb, which peaks at 90% (if tmb has 9 GH/s and the rest has less than 1 GH/s, then tmb logically gets 90% of the blocks)
http://chainz.cryptoid.info/lgc/extraction.dws?11.htm

Anyone could get in touch with 5limi admins?

The ratio of Trade My Bit to the total network rate is 84.2% if we use the 8.94 and 1.67 as reported on their website. They are getting 90% of the total blocks as they are just mining the low difficulty blocks from LGC. When we are mining high difficulty blocks, they are mining other coins.

Would a multipool have more profit than a nonswitching pool?

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: Hippie Tech on May 16, 2014, 11:53:20 AM

Btw, how do we know that the fake shares are not minting blocks ?

Many miners are listed as "anonymous".

Thx for the link, Logicoin.info.

You've made it easier for me to prove my point(s).

Quote from: azhago on March 15, 2014, 11:38:36 AM

On stablehash Groestl, someone take 99% of all rewards, sending thousands shares while other send 5 or 6.. Look at the invalide rate too..

I don't think this guy find any block too, but in anonymous, we can't verify..

There is some exploit out there..

Please read the thread over. You are clearly misunderstanding the entire issue and seriously making yourself out to look silly at this point.

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: Hippie Tech on May 16, 2014, 11:50:24 AM

Quote from: Logicoin.info on May 16, 2014, 10:16:24 AM

Quote from: Hippie Tech on May 16, 2014, 10:13:47 AM

Quote from: Logicoin.info on May 16, 2014, 09:46:12 AM

Quote from: Hippie Tech on May 16, 2014, 09:44:50 AM

Quote from: Logicoin.info on May 16, 2014, 09:12:54 AM

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Ohhh the lolzz.. "go away you meany multi pool !"

You didn't seem to mind them before this...

Has Trade my Bit been checked for any of these ?

fake hash vulnerability #66
https://github.com/slush0/stratum-mining-proxy/issues/66

Flooding with shares below the pool target #326
https://github.com/Crypto-Expert/stratum-mining/issues/326

Those only affect pool hashrate and not global hash rate. You can submit as many fakeshares as you want towards the pool but that doesn't mean a block will get solved any quicker. What it means is that when the pool solves a block you get the majority of shares that come from the pool.

Do you have anything that will back up your claims ?

DGW is making its adjustments based on the pool's reported hashpower. Your statement is illogical..

No. DGW is making adjustments based on the amount of blocks solved and the total network hashrate. It makes adjustments based on the coind's networkhashps.

Maybe this thread will explain it better than I can. https://bitcointalksearch.org/topic/attention-all-stratum-pool-admins-513382

BOTH the pool AND the network are using the same daemon. This means both will be fooled by these exploits because the daemon is accepting the pool's hashrate which was calculated using the bloated sharerate figures.

fake hash vulnerability #1938
https://github.com/MPOS/php-mpos/issues/1938

Quote

With this method, all pools accepts fake hashrate and shares.

Ah cmon dude. Have you even bothered to read the replies given too you? You said it yourself "POOLS" accept fakeshres not the network.

I'm close to being done wasting my effort replying to your fud. I've tried very hard to give you clear and concise explanations but it appears you know more about the stratum protcol and how the network functions than the rest of us.

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Btw, how do we know that the fake shares are not minting blocks ?

Many miners are listed as "anonymous".

Thx for the link, Logicoin.info.

You've made it easier for me to prove my point(s).

Quote from: azhago on March 15, 2014, 11:38:36 AM

On stablehash Groestl, someone take 99% of all rewards, sending thousands shares while other send 5 or 6.. Look at the invalide rate too..

I don't think this guy find any block too, but in anonymous, we can't verify..

There is some exploit out there..

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Logicoin.info on May 16, 2014, 10:16:24 AM

Quote from: Hippie Tech on May 16, 2014, 10:13:47 AM

Quote from: Logicoin.info on May 16, 2014, 09:46:12 AM

Quote from: Hippie Tech on May 16, 2014, 09:44:50 AM

Quote from: Logicoin.info on May 16, 2014, 09:12:54 AM

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Ohhh the lolzz.. "go away you meany multi pool !"

You didn't seem to mind them before this...

Has Trade my Bit been checked for any of these ?

fake hash vulnerability #66
https://github.com/slush0/stratum-mining-proxy/issues/66

Flooding with shares below the pool target #326
https://github.com/Crypto-Expert/stratum-mining/issues/326

Those only affect pool hashrate and not global hash rate. You can submit as many fakeshares as you want towards the pool but that doesn't mean a block will get solved any quicker. What it means is that when the pool solves a block you get the majority of shares that come from the pool.

Do you have anything that will back up your claims ?

DGW is making its adjustments based on the pool's reported hashpower. Your statement is illogical..

No. DGW is making adjustments based on the amount of blocks solved and the total network hashrate. It makes adjustments based on the coind's networkhashps.

Maybe this thread will explain it better than I can. https://bitcointalksearch.org/topic/attention-all-stratum-pool-admins-513382

BOTH the pool AND the network are using the same daemon. This means both will be fooled by these exploits because the daemon is accepting the pool's hashrate which was calculated using the bloated sharerate figures.

fake hash vulnerability #1938
https://github.com/MPOS/php-mpos/issues/1938

Quote

With this method, all pools accepts fake hashrate and shares.

fairglu

legendary

Activity: 1100

Merit: 1032

Quote from: Logicoin.info on May 16, 2014, 09:40:51 AM

5limi was a constant contributor to hashrate though. Unlike trade my bit they didn't jump off to another coin when difficulty raised which is the main problem as it leaves the difficulty out of whack with the hashrate.

Yes, I'm not blaming them, just underlining that there wasn't much hashrate left.

I see SuchPool is rising now (moved above the P2Pools), 5limi miners are probably switching over to it.

Quote

Trade My Bit got 8.94GH/s on us. Our usual mining hash is only 1.67GH/s.

Without 5limi the "usual" mining hashrate was probably below 1GH/s, as 5limi was about 50%.

This is consistent with the ratio of blocks claimed by tmb, which peaks at 90% (if tmb has 9 GH/s and the rest has less than 1 GH/s, then tmb logically gets 90% of the blocks)
http://chainz.cryptoid.info/lgc/extraction.dws?11.htm

Anyone could get in touch with 5limi admins?

Quote

DGW gets it's input from the blocks solved in the past N time and also (mostly) from the network-hashrate reported by the peers.

Hashrate can be an accurate measure at a pool (where miners report their hashrate), but the network hashrate is calculated from the time between blocks and their difficulty.

Logicoin.info

full member

Activity: 126

Merit: 100

Thanks for the explanation guys. Hopefully that should clear up any confusion.

Things are still not ideal but they are looking much much better http://chainz.cryptoid.info/lgc/#

If you want to look at it the other way it seems we are still profitable enough that a multipool would mine us even with the adjusted block reward.

myagui

legendary

Activity: 1154

Merit: 1001

Quote from: Hippie Tech on May 16, 2014, 10:13:47 AM

Do you have anything that will back up your claims ?

DGW is making its adjustments based on the pool's reported hashpower. Your statement is illogical..

You do not seem to understand how difficulty adjustments are performed. A pool does not "make" any network difficulty adjustments. The issues with "fake shares" and "shares below target", only affect the buggy pool itself and the miners on it, the network could not care less for these bugs.

The network, relying on DGW, makes adjustments based on the time that it took to solve previous blocks, and then estimating the nethash so that the new difficulty results in block solving at the desired rate.

Multipools hopping on and off are a well known problem. For a coin that has a modest nethash, when a multipool joins, difficulty will be through the roof. When the multipool jumps off, the network will have a hard time solving the next block. This is completely expected. Smart (or rather, ethical?) multipools, only jump on coins that have enough nethash to not be "catastrophically" impacted by the multipool. Does not seem to be the case with "trade my bit", but I honestly don't know of their motivations or if they care. No offense intended really.

Hope this helps settle your concerns.
Happy mining,
~ Myagui

Obfuscode

sr. member

Activity: 294

Merit: 250

Quote from: Hippie Tech on May 16, 2014, 10:13:47 AM

...

DGW is making its adjustments based on the pool's reported hashpower. Your statement is illogical..

Wrong.

DGW is applied network-wide on every peer because each and every peer has to verify the blocks and that's only possible with the exact same difficulty factor.

DGW gets it's input from the blocks solved in the past N time and also (mostly) from the network-hashrate reported by the peers.

A very quick increase in network-hashrate will always result in a drastic adjustment of the difficulty.
Whereas when it goes down again, it will also be re-adjusted down.

Please stop making such claims, this is just how crypto-currencies work.

If you only do a fraction of the network, you only have a fraction of chance to really find the block.

- f0o

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: Hippie Tech on May 16, 2014, 10:13:47 AM

Quote from: Logicoin.info on May 16, 2014, 09:46:12 AM

Quote from: Hippie Tech on May 16, 2014, 09:44:50 AM

Quote from: Logicoin.info on May 16, 2014, 09:12:54 AM

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Ohhh the lolzz.. "go away you meany multi pool !"

You didn't seem to mind them before this...

Has Trade my Bit been checked for any of these ?

fake hash vulnerability #66
https://github.com/slush0/stratum-mining-proxy/issues/66

Flooding with shares below the pool target #326
https://github.com/Crypto-Expert/stratum-mining/issues/326

Those only affect pool hashrate and not global hash rate. You can submit as many fakeshares as you want towards the pool but that doesn't mean a block will get solved any quicker. What it means is that when the pool solves a block you get the majority of shares that come from the pool.

Do you have anything that will back up your claims ?

DGW is making its adjustments based on the pool's reported hashpower. Your statement is illogical..

No. DGW is making adjustments based on the amount of blocks solved and the total network hashrate. It makes adjustments based on the coind's networkhashps.

Maybe this thread will explain it better than I can. https://bitcointalksearch.org/topic/attention-all-stratum-pool-admins-513382

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Logicoin.info on May 16, 2014, 09:46:12 AM

Quote from: Hippie Tech on May 16, 2014, 09:44:50 AM

Quote from: Logicoin.info on May 16, 2014, 09:12:54 AM

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Ohhh the lolzz.. "go away you meany multi pool !"

You didn't seem to mind them before this...

Has Trade my Bit been checked for any of these ?

fake hash vulnerability #66
https://github.com/slush0/stratum-mining-proxy/issues/66

Flooding with shares below the pool target #326
https://github.com/Crypto-Expert/stratum-mining/issues/326

Those only affect pool hashrate and not global hash rate. You can submit as many fakeshares as you want towards the pool but that doesn't mean a block will get solved any quicker. What it means is that when the pool solves a block you get the majority of shares that come from the pool.

Do you have anything that will back up your claims ?

DGW is making its adjustments based on the pool's reported hashpower. Your statement is illogical..

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: Hippie Tech on May 16, 2014, 09:44:50 AM

Quote from: Logicoin.info on May 16, 2014, 09:12:54 AM

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Ohhh the lolzz.. "go away you meany multi pool !"

You didn't seem to mind them before this...

Has Trade my Bit been checked for any of these ?

fake hash vulnerability #66
https://github.com/slush0/stratum-mining-proxy/issues/66

Flooding with shares below the pool target #326
https://github.com/Crypto-Expert/stratum-mining/issues/326

Those only affect pool hashrate and not global hash rate. You can submit as many fakeshares as you want towards the pool but that doesn't mean a block will get solved any quicker. What it means is that when the pool solves a block you get the majority of shares that come from the pool.

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: Logicoin.info on May 16, 2014, 09:12:54 AM

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Ohhh the lolzz.. "go away you meany multi pool !"

You didn't seem to mind them before this...

Has Trade my Bit been checked for any of these ?

fake hash vulnerability #66
https://github.com/slush0/stratum-mining-proxy/issues/66

Flooding with shares below the pool target #326
https://github.com/Crypto-Expert/stratum-mining/issues/326

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: fairglu on May 16, 2014, 09:35:34 AM

Quote from: Logicoin.info on May 16, 2014, 09:26:42 AM

I will continue to moniter the network over the next few hours and keep in contact with trade my bit.

Trade My Bit isn't the only problem, the dominating pool used to be 5limi
http://chainz.cryptoid.info/lgc/extraction.dws?4.htm
But apparently they're experiencing downtime and took with them a good chunk of the "base" hashrate.

5limi was a constant contributor to hashrate though. Unlike trade my bit they didn't jump off to another coin when difficulty raised which is the main problem as it leaves the difficulty out of whack with the hashrate.

Please understand that this is an even bigger issue for the LGC dev team. We have been stressing out all day looking for a solution!

fairglu

legendary

Activity: 1100

Merit: 1032

Quote from: Logicoin.info on May 16, 2014, 09:26:42 AM

I will continue to moniter the network over the next few hours and keep in contact with trade my bit.

Trade My Bit isn't the only problem, the dominating pool used to be 5limi
http://chainz.cryptoid.info/lgc/extraction.dws?4.htm
But apparently they're experiencing downtime and took with them a good chunk of the "base" hashrate.

Logicoin.info

full member

Activity: 126

Merit: 100

Okay I've just recieved a reply from one of the dev team

Quote

Hi merc
I've sent you a PM on the BTCTalk forums
I got the message, i've updated the block reward already -- and will monitor what we do to the difficulty
apologies for any issues we're causing
if we continue to cause difficulty spikes i'll remove it from our x11 multiport

I will continue to moniter the network over the next few hours and keep in contact with trade my bit.

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: Eastwind on May 16, 2014, 09:20:54 AM

Trade My Bit got 8.94GH/s on us. Our usual mining hash is only 1.67GH/s.

Will DGW3 alleviate this problem?

It may do a little to help us but it would still be an issue. I have tried contacting the admins on both the forums here and IRC. Awaiting a reply and you guys will be the first to know.

Eastwind

hero member

Activity: 896

Merit: 1000

Trade My Bit got 8.94GH/s on us. Our usual mining hash is only 1.67GH/s.

Will DGW3 alleviate this problem?

Logicoin.info

full member

Activity: 126

Merit: 100

Logicoin.info

full member

Activity: 126

Merit: 100

Quote from: Eastwind on May 16, 2014, 08:47:59 AM

There is no block for the last 36 mins? Does it mean trade my bit has left?

Okay I'm going to try and explain this as clearly as possible.

Trade my Bit believes we are still on 50 LGC per block which puts us as #2nd most profitable x11 coin.

So heres what happens.

They jump on the network and start mining LGC. Difficulty skyrockets to 60-70 at which point they leave and start mining something else. They have left the network and have taken their hashrate with them which means that untill we solve a block we are stuck at a difficulty that is way higher than it should be in comparison to hashrate. We solve that block after 10-30 minutes and DGW adjust's hashrate back down to the -10 range. Trade My Bit then thinks that because of the low difficulty we are again profitable so they jump back on the network and the whole process starts over again.

I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Here is their BTCTalk thread https://bitcointalksearch.org/topic/annmultivardiff-trademybit-multialgo-profit-swap-w-optional-auto-exchange-386554
And IRC irc.framper.com in #pool

Topic: [LOGIC] Logicoin | Decentralized Anonymous Smart Contracts | Blockchain Tech - page 31. (Read 117199 times)