To all of the deepbit whiners. | Bitcointalksearch.org

rezin777

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Quote from: DonMon on June 08, 2011, 11:21:25 AM

Quote from: rezin777 on June 08, 2011, 10:58:11 AM

...Mining solo is very reliable by the way...

Yeah..solo is reliable alright...but makes absolutely no sense unless your Hashes are high enough to win you at least 1 block in under two weeks or so...otherwise the difficulty changes without you having won anything and your your earnings are seriously eroded...this above all else is why pools exist...well that and the crack effect I have alluded to..

I agree with everything you've said. If the pools could be brought down, people who can solo mine will still be able to earn Bitcoins and secure the network! Cheesy

Solo mining should be a tool in every miners toolbox.

DonMon

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Quote from: rezin777 on June 08, 2011, 10:58:11 AM

...Mining solo is very reliable by the way...

Yeah..solo is reliable alright...but makes absolutely no sense unless your Hashes are high enough to win you at least 1 block in under two weeks or so...otherwise the difficulty changes without you having won anything and your your earnings are seriously eroded...this above all else is why pools exist...well that and the crack effect I have alluded to..

DonMon

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Quote from: SgtSpike on June 08, 2011, 10:49:30 AM

As I've said in other threads, I mine at deepbit because it is realiable. Aside from the downtime due to DDOS, I have never had any issues with the pool. I tried BTCMine, I tried BTCGuild, and both gave me issue after issue with no sign of it getting resolved quickly.

There are easy and effective failover methods in the case of your primary pool going down...I don't see this as any reason to mine at Deepbit...IF Deepbit is more reliable (which is seriously in question considering the previous DDOS and the pending(?) DDOS's to come) then it makes a perfect SECONDARY failover choice if my free, 0% fee primary pool does happen to go down.

Next argument please.

rezin777

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Quote from: cloud9 on June 08, 2011, 10:55:01 AM

If you DDOS the a 50% mining pool - can you take over the network with half the hash rate?

If you remove the hashing power of a 50% mining pool, you need less hashing power to double spend, correct. If you DDOS 6 major pools, you need even less. If six pools go down at once, watch the network struggle as people realize they have no clue how to solo mine. Hopefully it doesn't happen.

rezin777

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Quote from: SgtSpike on June 08, 2011, 10:49:30 AM

As I've said in other threads, I mine at deepbit because it is realiable. Aside from the downtime due to DDOS, I have never had any issues with the pool. I tried BTCMine, I tried BTCGuild, and both gave me issue after issue with no sign of it getting resolved quickly.

Yes, these other pools weren't up to handle the flood that came when deepbit was DDOSed. BTCMine is certainly having problems. But BTCGuild is doing great now with a new server up and another about to come online.

Anyway, I mine because I want to earn Bitcoins for securing the network. Giving one guy control of half the hashing power just doesn't jive for me. Mining solo is very reliable by the way.

cloud9

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And now the blockchain has been stucked for half an hour on block 129403 : http://blockexplorer.com/

Is Centralization a good thing for difficulty adjustment? If you DDOS the a 50% mining pool - can you take over the network with half the hash rate?

SgtSpike

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As I've said in other threads, I mine at deepbit because it is realiable. Aside from the downtime due to DDOS, I have never had any issues with the pool. I tried BTCMine, I tried BTCGuild, and both gave me issue after issue with no sign of it getting resolved quickly.

DonMon

newbie

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Started at Deepbit 2 weeks ago when I heard about this...which I suspect the lions share of noobs do...then realized that I was literally throwing 3% down the drain for nothing....okay...2+% if you count the invalid insurance...the only other 'service' that is provided is instant gratification...i see no other...

many people will cite that they 'feel' luckier on Deepbit than other pools....Guess what: It's because you get a bunch of quick little micro payments; quick satisfying hits that trick you into thinking you are in wonderland....well a 0.08 reward every hour (avg) is better than 0.02 reward (-3%) every 15min (avg)...and other pools are big enough that the wait between payouts is sufficiently low to make difficulty increases a non consideration.

Get off the noob pool crack and join a 0% fee pool....I've recently switched to BTCGuild...they're at 750GH/s and growing...(so you payout 'fixes' aren't tooo far apart

)

So in short: It's hard to convince them because they're on crack

I kicked the habit...hopefully they can too! (Maybe we should start some kind of rehab program

)

WilliamJohnson

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Quote from: AnonymousBat on June 08, 2011, 07:51:04 AM

If they did this on their own and offered similiar or better features than deepbit, wouldn't miners move away from deepbit?

Apparently not.

PabloW

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I hate to say this, but its really hard right now to convince this bunch of people to move from deepbit. I think the only possible way is something like DDos Undecided

andrew_jacksun

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either you recognize the security threat of 51% that satoshi wrote in the pdf, and respect btc for its leverage against secretive central bankers

these people actually care for the first option will waste no time in pointing out the first baby-step towards an attack on our baby Grin

or your just in it for the money and you dont care about the politics of this beauty

muad_dib

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Quote from: rezin777 on June 08, 2011, 09:23:51 AM

I agree, but someone who wants to hurt Bitcoin can exploit Tycho since he already has a large percentage of the network...

Crazy or not consider this. CIA vs. Tycho.

I had the same thought.

If and when bitcoin will become a reliable alternative to centralized currencies, governments will start to be REALLY pissed about it, and they will try to take bitcoin down.

Maybe not CIA, but China, Russia or Pakistan's intelligence agencies are known to be crazy and prone to do crazy things.

rezin777

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Quote from: cloud9 on June 08, 2011, 09:07:33 AM

It is also not in Tycho's interest to double spend - as all will know who compromised the network - there can only be one 50% majority entity. And I also think Tycho is in it for the long run - central authority or not!

I agree, but someone who wants to hurt Bitcoin can exploit Tycho since he already has a large percentage of the network...

Crazy or not consider this. CIA vs. Tycho.

cloud9

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Solution:

Decentralized pooled-mining client monitors individual mining bitcoin clients for solution block finds - only pay out (proportionally to monitored clients in proportion to hash rates minus percentage to client monitor developer) to bitcoin client's who had the decentralized pooled-mining client monitor activated at the exact synchronized clock set time instance when the block was found.

It is also not in Tycho's interest to double spend - as all will know who compromised the network - there can only be one 50% majority entity. And I also think Tycho is in it for the long run - central authority or not!

rezin777

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Quote from: AnonymousBat on June 08, 2011, 07:18:51 AM

Perhaps you should all be worried about any bunch of pools getting more than 50% of the hashing power as well.

I am, and I have been.

Also the >50% attack isn't the only concern. When deepbit was DDOSed recently the network took 50 minutes to find two blocks. That's not the sign of a healthy network.

Yes, it's a free market and people can mine where they choose. But the miner's paycheck comes from Bitcoin having value. If they choose to risk the health of the network for a little bit of variance protection and an instant payout button, well they aren't thinking things through.

It isn't about [Tycho] being evil. He seems like a great guy. But there is simply no reason to we should put so much of the network's hashing power in the hands of one guy. The people who are complaining are simply trying to inform miners of the problem and hope they will self-regulate.

grndzero

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Quote from: AnonymousBat on June 08, 2011, 07:51:04 AM

Quote from: grndzero on June 08, 2011, 07:43:13 AM

Quote from: grue on June 08, 2011, 07:37:11 AM

if deepbit implements this, I'll be happy to use their pool.
https://forum.bitcoin.org/index.php?topic=9137

I'm sure as soon as something materializes most of the pool operators will say no thanks.

Is something stopping everyone who complains about deepbit from doing this on their own?

Is there any government regulatory body preventing them?

If they did this on their own and offered similiar or better features than deepbit, wouldn't miners move away from deepbit?

That's the thing, it's a free market, anybody can go ahead and actually make this and start a pool that engages in this.

Yes it may be hard to do, welcome to the real world.

They can make the pool. The problem is that people won't come flocking to it. The infinite spawn of these threads trying to get anyone at deepbit to move pools at this point is miniscule. Other pools exist and people don't move for lower fees and many other reasons.

grndzero

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Quote from: MoonShadow on June 08, 2011, 07:48:37 AM

Quote from: grndzero on June 08, 2011, 07:43:13 AM

Quote from: grue on June 08, 2011, 07:37:11 AM

if deepbit implements this, I'll be happy to use their pool.
https://forum.bitcoin.org/index.php?topic=9137

I'm sure as soon as something materializes most of the pool operators will say no thanks.

I'd be just as easy if deepbit would publish the full blocks on some automated site for archiving. This way, anyone that was interested enough to check could go look and see if the blocks look honest and if they match what the pool has been working on.

Now that's a real awesome idea that might be a good solution.

AnonymousBat

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Quote from: grndzero on June 08, 2011, 07:43:13 AM

Quote from: grue on June 08, 2011, 07:37:11 AM

if deepbit implements this, I'll be happy to use their pool.
https://forum.bitcoin.org/index.php?topic=9137

I'm sure as soon as something materializes most of the pool operators will say no thanks.

Is something stopping everyone who complains about deepbit from doing this on their own?

Is there any government regulatory body preventing them?

If they did this on their own and offered similiar or better features than deepbit, wouldn't miners move away from deepbit?

That's the thing, it's a free market, anybody can go ahead and actually make this and start a pool that engages in this.

Yes it may be hard to do, welcome to the real world.

MoonShadow

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Quote from: grndzero on June 08, 2011, 07:43:13 AM

Quote from: grue on June 08, 2011, 07:37:11 AM

if deepbit implements this, I'll be happy to use their pool.
https://forum.bitcoin.org/index.php?topic=9137

I'm sure as soon as something materializes most of the pool operators will say no thanks.

I'd be just as easy if deepbit would publish the full blocks on some automated site for archiving. This way, anyone that was interested enough to check could go look and see if the blocks look honest and if they match what the pool has been working on.

grndzero

sr. member

Activity: 392

Merit: 250

Quote from: grue on June 08, 2011, 07:37:11 AM

if deepbit implements this, I'll be happy to use their pool.
https://forum.bitcoin.org/index.php?topic=9137

I'm sure as soon as something materializes most of the pool operators will say no thanks.

Topic: To all of the deepbit whiners. (Read 4796 times)