WDC and DGC are both scams - BigVern monopolies

Hydroponica

full member

Activity: 182

Merit: 100

fml

Quote from: kelsey on June 05, 2013, 12:24:28 AM

Quote from: jgm_coin on June 05, 2013, 12:15:19 AM

Quote from: jgm_coin on June 05, 2013, 12:14:26 AM

Just look at the two BigVern pools for digitalcoin (DGC) and worldcoin (WDC),

Both pools are far over 51% of the network hashrates.

Their monopoly explains the rarity and the fact that they cannot be efficiently solo-mined.

BOYCOTT MONOPOLY COINS! Stick to coins that don't have pools with 90% of the hashrate...

I'm back on litecoin. Fuck scamcoin

+10000

But you support GLD, one of the biggest scam coins around....

jdebunt

legendary

Activity: 1596

Merit: 1010

we need to start putting up IQ tests before people can actually register & use this site i think, this is getting sadder & sadder every day

bizz

hero member

Activity: 492

Merit: 500

Digicoinpool is now under 50%.

Pool Hashrate: 483.96 MH/s
Network Hashrate: 1.04 Gh/s

caish5

sr. member

Activity: 324

Merit: 250

Spread the hashes around.

I have a WDC P2Pool on a solid US server.

ADDRESS http://wdc.bitvolcano.com:19331
USER yourworldcoinaddress
PASS anything

Fee is set at a tiny 1%

Looking forward to seeing a few miners.

walf_man

member

Activity: 112

Merit: 10

make a long time to future...

Pointeh

newbie

Activity: 50

Merit: 0

I'm pretty sure most people are on bigvern's pool because it's linked from Cryptsy, the main DGC hub at the moment.

There are plenty of other pools, some with >100mhash and p2pool options.

I had issues mining WDC, I guess the block time is too fast but DGC income seems pretty stable, difficulty curve considered

Oldminer

legendary

Activity: 1022

Merit: 1001

I wouldnt be too concerned. Verns pool is only just on 50% total and he has closed registrations until network hashrate rises. Nothing to see here...move along...

tyrion70

legendary

Activity: 934

Merit: 1000

Cuz of above information and the fact that BigVern's not accepting new miners, I've created P2Pools for both Digitalcoin and Worldcoin.

For more information see our blog:
http://p2pool.nl/blog/new-p2pools-added/

You can mine on
http://wdc.p2pool.nl:9400

and

http://dgc.p2pool.nl:9300

Use your coin address as username

Have fun!

Loki8

full member

Activity: 146

Merit: 100

Quote from: The_Catman on June 05, 2013, 01:15:50 PM

There are some people in the world that are still trying to push out honest currencies with original ideas.

Yeah I agree but here there is no honest currency with original ideas, only clone coins with the get-rich-quick scheme...

The_Catman

full member

Activity: 168

Merit: 100

Captain Jack Fenderson

Quote from: Loki8 on June 05, 2013, 12:59:44 PM

For me, it's simple. All alt coins that were released after March 2013 are scams...

Well that's a simplistic, elitist, and idiotic way to look at it. Just because creating clone coins become the new get rich quick scheme doesn't mean that every single currency is a scam. There are some people in the world that are still trying to push out honest currencies with original ideas.

Loki8

full member

Activity: 146

Merit: 100

For me, it's simple. All alt coins that were released after March 2013 are scams...

techbytes

legendary

Activity: 1694

Merit: 1054

Point. Click. Blockchain

Quote from: ZeRo103 on June 05, 2013, 02:26:06 AM

jgm_coin ->Date Registered: April 09, 2013, 08:31:32 PM Roll Eyes

->Go read some N00bie posts ok and stop mining with you CPU Grin

Hey, I registered in April. He doesn't represent all noob. Count him as an outcast... Grin

-tb-

shields

full member

Activity: 164

Merit: 100

Anyone mining WDC with bigvern who wants to even things out switch to erundooks pool at http://wdcpool.erundook.net/ Been using it since WDC launch and it works fine, usually has about 1/4 to 1/3rd of the total hashrate. Or else switch to one of the other new pools.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: The_Catman on June 05, 2013, 12:13:36 PM

Quote from: CoinHoarder on June 05, 2013, 11:59:28 AM

Having over 51% of a crypto coins hashing power is certainly concerning no matter how pretty a picture fan boys try to paint.

If Bigvern gets hacked, WDC and DGC would be in serious danger of a double spend attack, and could make it worthless in a matter of minutes.

It is a serious problem.

But it's not a scam on WDC, DGC, or Verns parts. It's just an unfortunate circumstance that could be taken advantage of by malicious parties.

Yes I agree

The_Catman

full member

Activity: 168

Merit: 100

Captain Jack Fenderson

Quote from: CoinHoarder on June 05, 2013, 11:59:28 AM

Having over 51% of a crypto coins hashing power is certainly concerning no matter how pretty a picture fan boys try to paint.

If Bigvern gets hacked, WDC and DGC would be in serious danger of a double spend attack, and could make it worthless in a matter of minutes.

It is a serious problem.

But it's not a scam on WDC, DGC, or Verns parts. It's just an unfortunate circumstance that could be taken advantage of by malicious parties.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Having over 51% of a crypto coins hashing power is certainly concerning no matter how pretty a picture fan boys try to paint.

If Bigvern gets hacked, WDC and DGC would be in serious danger of a double spend attack, and could make it worthless in a matter of minutes.

It is a serious problem.

moody123

newbie

Activity: 42

Merit: 0

pool has 51% of network? solution - form a few more pools and actively recruit people to mine.

r32godzilla

hero member

Activity: 1361

Merit: 506

Quote from: baritus on June 05, 2013, 09:04:53 AM

Thank you for never using DGC again so I don't have to see your mindless posts.

+1

Mods can we close this thread its just plain stupid and bordering on slander against Vern. Cheers.

baritus

legendary

Activity: 966

Merit: 1052

Thank you for never using DGC again so I don't have to see your mindless posts.

LittleDigger

sr. member

Activity: 462

Merit: 251

FFS...

Topic: WDC and DGC are both scams - BigVern monopolies (Read 1844 times)