Topic: You are threatening Bitcoin’s security - page 9. (Read 32360 times)
Has Deepbit.net gone down?
but you seem to have a lot of invalid blocks every now and then. 21 in the last 1000 blocks right now means 2.1% fewer bitcoins for me.
Majority of those invalid blocks were caused by outage, so we're still talking about this one issue before two weeks.
No, I had only one serious downtime on mining interface, others were service restarts, which is normal on all pools. Oh, I was also DoSed twice, but it is long time ago and it wasn't total outage, pool was just slower for few hours.
It's possible that my impression of your pool is wrong, but you seem to have a lot of invalid blocks every now and then. 21 in the last 1000 blocks right now means 2.1% fewer bitcoins for me. The lack of long polling also takes a bit off the top. All in all I believe my profit is higher at Deepbit. 
I think we need Tycho to voluntarily block new people until he is below 33% (and that is a high amount already) of the hash rate. And convince the slush guy to do the same too.
Free market man, Tycho should not FORCE people out of his pool...
No, he should just increase the fees further. He's already the most expensive and still the biggest— even if you make some downtime argument— 2% fee pays for 28 minutes/day in downtime— and deepbit has not been perfectly reliable either. I bet he could take 15% and still be at a third. 0_o
People obviously think there is extra value in his pool, so he should capitalize on that and let the free market do what it does best. Some would leave, some would stay, he would probably end up making MORE bitcoins/hr than he is now, and the bitcoin community would be more secure because of it.
Indeed, that idea is better 
Freemarket ftw!
Someone can ask Tycho to raise his fees?
Freemarket ftw!
Someone can ask Tycho to raise his fees?
I think we need Tycho to voluntarily block new people until he is below 33% (and that is a high amount already) of the hash rate. And convince the slush guy to do the same too.
Free market man, Tycho should not FORCE people out of his pool...
No, he should just increase the fees further. He's already the most expensive and still the biggest— even if you make some downtime argument— 2% fee pays for 28 minutes/day in downtime— and deepbit has not been perfectly reliable either. I bet he could take 15% and still be at a third. 0_o
Win win.
The security concerns don't require the operators of the pool to be evil. They could be compromised, for example. And there have already been pool security compromises.
Adding to the security paranoia arguments the system reliability argument: If a pool has 50% of the hashrate and it goes down, then we lose 50% of our transaction processing capacity. This would especially be bad in difficulty-cycles where hashrate had shrunk so that we were already behind 10 minutes / block.
Now you are plain and simple insulting him by saying he is defective. I am at at slush's pool for a few days now.
The point of Bitcoin is decentralization. I don’t want to trust deepbit’s operator in order to use Bitcoin. Malicious entities could easily gain the majority of the hashrate if they colluded with pool operators.Trust is everything in a currency. If Bitcoin experiences any such problem, trust will vanish very quickly.
Now you are plain and simple insulting him by saying he is defective. I am at at slush's pool for a few days now.
Move to other pools. Stop mining on deepbit.
Here’s what someone with 50% of the network’s hashrate could do.
So you are saying Tycho is an attacker? Seriously?Here’s what someone with 50% of the network’s hashrate could do.
Not necessarily, but why take the risk?
What happen if someone hack into Tycho accounts, or impersonate him with great social engineering, and smuggle some rogue code around? Or do some other evil stuff? Also, even if everyone like and trust Tycho, would you give loaded shotgun to your mom and let her point at your head while swearing that she won't ever pull the trigger? What happen if the trigger is defective?
Move to other pools. Stop mining on deepbit.
Here’s what someone with 50% of the network’s hashrate could do.
So you are saying Tycho is an attacker? Seriously? Here’s what someone with 50% of the network’s hashrate could do.
Is there any open source pool software yet? Might help if anyone could easily set up their pool.
Eligius pays out instantly into your wallet via a generation transaction.
Well, you cannot spend those coins before at least 100 confirmations, so it is basically the same as many other pools. Deepbit isn't "instant" too, it takes one hour to show block on the account...
I'd switch over to any pool that offered Instant Payouts, That's one of the major reasons I like deepbit. I hate having to wait half a day to get confirmed on slushes pool.
Eligius pays out instantly into your wallet via a generation transaction. You don’t even have to register.Seriously, deepbit’s share of hashpower is troubling. I hope this will change soon.
Slush has gone down on me at least two or three times since I started mining in March.
No, I had only one serious downtime on mining interface, others were service restarts, which is normal on all pools. Oh, I was also DoSed twice, but it is long time ago and it wasn't total outage, pool was just slower for few hours.
Yes, I had troubles with website, but it didn't affect mining.
I'd switch over to any pool that offered Instant Payouts, That's one of the major reasons I like deepbit. I hate having to wait half a day to get confirmed on slushes pool.
[...] Slush is too unstable [...]
Can you tell me when mining on Slush's pool has ever been unstable except for this one recent instance?
Slush has gone down on me at least two or three times since I started mining in March. Eligius even more than that. DeepBit has, too, but usually it's scheduled, so it's at least predictable. I personally like Eligius more, but it's just too unstable.
Come on guys we all know you are in this for the $$$. If bitcoin gets attacked the least you would care once you have your BTC all converted to $$$ !
If people would care at all about Bitcoin and its security they would stop mining at deepbit.net monopoly but as you can see they all care about the moneyz !
If people would care at all about Bitcoin and its security they would stop mining at deepbit.net monopoly but as you can see they all care about the moneyz !
Tycho could just make his pool rate display a lower total to shut people up.
[...] Slush is too unstable [...]
Can you tell me when mining on Slush's pool has ever been unstable except for this one recent instance?
If tycho starts doing something bad miners can move off his pool and thwart his attack...
Great, so we just wait until something bad happens, rather than preventing it from the start. This will certainly help confidence in Bitcoin as a currency. Jump to: