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I know I do. It looks like it is now confirmed that he has been covertly using AsicBoost and not passing on the profits to the miners. If Segwit goes through, it could bankrupt him, and render his mining equipment useless. He has a similar plan for LiteCoin since he controls a high percentage of the mining for LTC.

What do you guys think of Jihan Wu?

asic boost existed before segwit

if you think asics are attacking blockstream then time travel must be possible.

yet, using logic
gmax one month ago realised his 'going soft' approach was not as compatible with the network as he thought. but instead of re-coding segwit to fit around the network he wants his flock to point fingers at the pools and blame them for why segwit will have issues being accepted.

funny part is, gmax and his flock actually proposed to 'go soft' purely to avoid users consensus. as a way to escape anyone sayin no.. but now gmax has found the code for going soft is his own downfall

if only gmax actually done a proper 1merkle full node+pool consensus and using that oppertunity to include dynamics aswell.. alot of time, delay and debate could have been avoided

There is proof that He is still using AsicBoost. Jihan Wu, in my and many others' opinions, is a dirt ball.

Legally, he is allowed to use AsicBoost. 

Why do you feel he is a dirt ball?

or you just cant accept that blockstream dev's have flaws, and are human.. rather than gods

Of course, legally he is allowed to use it, there are no laws against it. He is using it, and not passing the gains to the miners.

" The assertion is that Bitmain is not only blocking a technical solution favored by the Core developers (through its support of alternative development teams), but doing so because it would enhance its profitability at the expense of users." http://www.coindesk.com/bitcoins-new-controversy-asicboost-allegations-explained/


AsicBoost cause the network problems.

lol remove illogic of time travel and all your left with is the logic of:
asicboost existed before segwit
segwits 'going soft' with 2merkle method hit a snag


solution do a proper node+pool CONSENSUS with extra added features like dynamics. then the community will be united and no snag

If ASICboost can be determined to have caused damage to other miners (through suppression/ hindering of the network) and affected their profitability, than there may be the possibility of litigation in a civil court. It wouldn't be a stretch to prove that he caused damage to other miners to maximize profits, and if they didn't pass on the extra earnings to participating pools,.then depending on the contractual agreement, that could be fraud.

Bitcoin is the wild west :)

when the ASIC boost drama first got publicised by gmaxwells tears of woe
i done some maths on the top 4 pools to see which pools were 'luckier' than others


i have checked other dates and seen no 20% advantage
even today there is only~ +-1% variance of luck

Again this 2 paid guys talking trashh. Just shut up bug supporters.

lol refute the content, which i know you cant.

secondly.
you calling me a "bug" guy is just revealing your repeating words from other people by using such scripted buzzwords.
same as people trying to pigeon hole me in what ever other decentralised implementation was last year and year before.
its funny how that script keep repeating itself

thirdly
if you think the debate is just BU vs core then you really have been fooled by your reddit scripts.
(hint there are over a dozen different /brands).

the debate is more about blockstream centralisation vs bitcoin network.
where by if you defend blockstream more then bitcoin network (of many implementations) you are revealing more about your own rhetoric that you want blockstream centralisation

where by if you defend blockstream more then bitcoin network (of many implementations) by thinking only core should exist and only because you love the devs of blockstream (P wille, gmax, luke Jr etc) again you are revealing more about your own rhetoric that you want blockstream centralisation

however if you wak up and realise that the bitcoin network can and should run for centuries and realis that blockstreams dev team will move on in a couple years to hyperledger or retire (yep human coders are temporary)
you will see ass kissing devs, and kissing their ass over such a temporary half gesture.. rather than thinking long term about the bitcoin network as a whole.. will be your own failing

I assume you mean the miners in Antpool?  But if what you are saying is true, why don't the miners simply join one of the many other pools?

I don't know if I have enough information to really have an informed opinion on the guy, but from my understanding the guy is scummy and I don't have any support for him at this time. That is, again, just based off of what I've heard about him through the forum essentially.

Doesn't really surprise me that he has such a large mining share, seems almost expect at this point.

Can someone fill me in as to how long he's been in the mining scene? If it's been a long time then I can't say I'm all that surprised.

he has been involved in mining ASIC hardware since early 2013, and started selling them to ANYONE by about october 2013
by being involved so long actually debunks the fake drama of asics being made purely to attack segwit.
especially since segwits public release was october 2016

In my opinion, since we already know the intentions of these people which is just to get as much profit as they can and which can just be natural since they are in the business of making money, I think it is time to move on and find real and acceptable solutions to the begging problems which Bitcoin is now facing. Until there can be a unified solutions, the same problems can exist and just using band-aid strategy will not work in the end. I am sure that there are real solutions to these challenges just waiting to be explored and accepted by all. Hope that day can be expedited.

I believe that the miners is not Antpool. They were the bitmain. Through the support lost on BU now he is out of control. Even now as OP mentioned his focus might be towards litecoin, but there he cannot simply protrude and make changes as already segwit has gained more than 75% support.

Where it was confirmed, do you have a source? Last news I know is when Bitmain declared that they (or anyone else) never used AsicBoost.

Bankrupt? I don't think so AsicBoost is not that amazing, what is this? AsicBoos is a 20% additional hash power?
It won't exactly make ASICS useless. Additional mining power might bring enough profit to fight for but not enough to bankrupt Bitmain.

I thought we reached 75% support for SegWit - consensus level for LTC already.
http://litecoinblockhalf.com/segwit.php (http://litecoinblockhalf.com/segwit.php)

It appears Jihan Wu has soldiers trying to control PR damage.

when time itself proves he did not make asics purely to attack segwit
when maths shows he is not even 20% luckier
when logic shows the same

all that is left is that segwit is not the utopian codebase made by immortal gods, but humans who thought they could slide in a tier network via a backdoor to avoid community consensus, and last month a flaw in that has been found.

the only direction the fingers should be pointing is back at the devs to re-try something a little different the community will accept

think logically. practically and rationally.

OP, why did you create a BU shill paradise thread for Franky and jonald  ::)

Jihan Wu did what most other people would have done, if they found a loophole to exploit the system... "they used their advantage to make more

money" .... When we were kids we found a way to play Arcade games for free and we made full use of that exploit.... BUT the Arcade owner did

not make profits and they were forced to close down the place. The same thing will happen, when these greedy people get hold of exploits in

Bitcoin. {They will exploit it and in the end people will leave and they will have no "Arcade" to exploit}  >:(

Here we go again, one dumb shill shows up claiming something is confirmed, without proof.
5 other shills collaborate, all without proof.
A few smart guy replied with logic, asking for proof.
Shills pretend they couldn't see them, went for personal attacks instead.

How do you people even live with yourself?
How do you idiots walk around shamelessly opening your mouth like you don't even care how stupid you look?
How do you overcome that natural instinct to avoid looking like a complete retard?
How do you even train for that? Were you born with these skills or were you just dropped on the head or what?

And if proof isn't important and you're just going for the bullshit factor, why don't you show more ambition and start with something like: 'It looks like it is now confirmed that the earth is flat, and it's the miners fault','oh yeah I agree','oh yeah me too'.

Works exactly the same, but more bang for the buck.

Do you, franky, think Antpool devs are so stupid, that they don't adjust displayed hashrate to reflect all optimisations being used? And btw adjustments may not even be needed, as optimisations likely result just in increased hashrate, or like in the case of asicboost, the optimisation results in decreased energy consumption. Or do you think readers of this forum are so stupid that such baseless claims are good to deceive them?

Agree but this is like when you go fishing and others do it normal way while one MF comes with few
Hand granades to catch fish. Such guys doesn’t care about ecosystem they blow up and take fishes.
They are “SMARTER” than others they exploit weakness.
Okay so now fishmans will do ?
a)   They will for hand grenades and blow up more fishes
b)   They will move to place where those cheats are prohibited.
c)   They will get rid of “SMARTER” fishman and burn his house

In market we see now that is working and reacting to changes. Bitman monopoly is causing problem  miners are abandoning ship because there is no sence to complete with bitmain and they go for new safe bay where cheats are prohibited or punished.
Today BTC have less volume than alts : ) looks like market dominance means NOTHING ;) true war is getting lost slowly.
Market is punishing BTC guys and blockstream/bitmain arrogance - free market is solving BTC problems with fees : ) .

More and more and more people hate Jihan Wu. UASF will get 80% support, this should be enough to make Jihan Wu realize he is a tiny minority in the ecosystem. If not, UASF, PoW change, and BTC with segwit will go to the moon and hashrate will follow price as always.

You should also start hating Wang Chun of F2Pool: https://bitcointalk.org/index.php?topic=1868239.0

FIFY.

Node proportion isn't something we consider very important. Support from economic majority - is what really matters.
https://coin.dance/poli

He should star t hating ETH miners becouse they earn equal that what BTC miners get now . HAHAHA Free market always works !
Old dies new wins.
When BTC miners will get 1/3 money that ETH get they will make some greed based changes for sure. Give them time.

Speak to support bigger blocks and your website is DDoS'ed. Businesses can't afford downtime and to speak the truth publicly. The truth is businesses don't care if it's one Bitcoin, two Bitcoins. They earn on trading fees (exchanges) and on selling goods converting crypto to fiat (merchants). So no, that poll doesn't count for a valid representation of opinions or a measure of economic majority.

Proof?
What counts then? Price of coins after a split?

WHat will price we know already :D...
Every Segwit news = Pump every BU news = DUMP...
No one want China rulled coin yo see that in EHT rise and people moving into ETH more than BTC.

Nonesense!!

He has a patent  in China for his chips that work exactly like AsicBoost, and he is using it covertly.

Before making any harsh moves it is better to get his statement first and do some investigations confirming that he is really using the asicboost and not giving the shares of the miners. And if we was found guilty then let us not cut his head so that he can die but let us place him in the jail so he can suffer in agony and despair for cheating the miners and the bitcoin community.

Again, where is the proof?

we know coinbase got de-listed from bitcoin.org for big block support.
Business are being bullied so the miners should not believe the UASF tactics.
People really do want bigger blocks. 

I'll have to be giving you a +1 on this with with unconditional support from me. I think the biggest issue isn't that he used AsicBoost in order to gain an unfair advantage against other miners as this is something that any business owner would do in order to further the amount of revenue and then profit at the end of the day.

I think the completely horrid part about all of this is that he isn't showing his support for Segwit on the simple stance that he cares more about his bottom lines and his profits then he'd be caring about Bitcoin as a whole. As we know in order to survive and thrive, we're going to need Segwit to help us.

Jihan, support Segwit or you're head is going to be delivered on a silver platter! :)

He said few hours ago Segwit will be a disaster, here comes the blow.
https://twitter.com/f2pool_wangchun/status/852480476744896516

There is proof out there that Jihan Wu is using AsicBoost, or a technology similar to it, which he patented. There is also plenty of proof, that the way Jihan Wu is using it, covertly, is damaging to the network.

I am not your do boy. You guys can search for the proof, but believe me, it's there.

Strangely, their website (https://www.f2pool.com/) works well. I don't know where to see reliable info on their hashrate, but according to https://www.blocktrail.com/BTC their current blockrate is only slightly below their average for a wider time window.

Delisting is not DDOSing. And I personally don't like Coinbase since long ago. They are apparently one of those companies around here who don't understand benefits of blockchain, who only concerned about snatching their piece of immediate profit without caring about long term consequences.

Yes, we do. And segwit does increase blocksize. OK, but that increase isn't enough.
Isn't enough for what?
It's enough to scale Bitcoin short term. It's enough may be for 1 year. It's not enough for long-term scaling.
Yes, we do need yet bigger blocks. But it's better to develop a universal solution which would solve blocksize problem once and for all. It's better to hardfork once than several times.

Current situation is a state of emergency, Bitcoin looses market share. As it was said, all anti-segwit news = dump, like today Wang Chun's twit for instance. I think right now we should unite around the strongest development team: core. And when segwit is activated, we will have some time to discuss, ponder available blocksize solutions. And if they will be against any further blocksize change, we could question them, argue, debate, dethrone them, whatever. But we all would be calmer than we are now, because Bitcoin would be out of immediate danger.

segwit only increases for those moving funds over to segwit.
do not even pretend that everyone (46m utxo) will move funds to segwit to achieve a constant utility they promise.

their promise is empty, and a one time 'possible' gesture feature. you cant resegwit a segwit and you cant guarantee it will be long term. and you cant guarantee how much of a gesture it will be.

infact to get people over to segwit is in itself going to cause more issues because people end up needing to move funds across so it will be months of mempool bloat caused by people trying to move funds across to new keypairs

its not a utopian network wide thing that happens right at activation day where everyone instantly has room to move funds around easier

I'm on the same page with you about the state of emergency.

Your line of thinking makes some sense... I think Core has abused their power so much that
the miners don't trust them anymore.  

The biggest issue with your plan here is we can't undo segwit and there's
issues with it: big complexity, makes on chain scaling harder, the
anyone-can-spend outputs, etc.  

Another issue is that we have been questioning them, arguing,
debating, and its been an uphill battle.  We would lose momentum
by capitulating to their wishes.  I understand giving in would buy us some time,
but its a sticky situation.

There's no need for everybody to move their funds to new style outputs all at once, it can happen gradually. New outputs tend to be spent more frequently than old ones.

"Legally" he's allowed to use it? ROTFL

Yes, according to the Bitcoin accords signed in Marseille and ratified in Geneva he can use it. LOL

There's no rules for Bitcoin. It's every douche for himself, slickest scammer wins.

Yes. He owns the patent in China.

Deloitte legal case involving a Chinese patent:


This is Bitcoin partner. Youse gonna havta do better than dat.

https://media.giphy.com/media/DC9P4wKNrQYM0/giphy.gif

That's just bullshit talk for 'I have nothing'.

The proof is right here that you shills talk a lot of bullshit over nothing.

If you idiots actually have anything solid, it'd be plastered all over the place by now.

Anyone can build their own ASICBoost rigs, Jihan isn't even the only guy who has patent on it.

Shill logic just fails on so many levels.

^THIS!

The point is, that Jihan Wu is opposing segwit, to be able to continue to line his pockets, instead of doing what is best for bitcoin as a whole.  His services as a whole are a scam, LIke his cloud mining... The guy is just a rip-off artist.

Lets get together people and take down the antpool. You guys can easily move to another pool. Don't waste your time cloud mining on hashnet. It's a scam as well. Pull your assets out of bitmain.

Fact: Greg Maxwell got caught bullshitting over ASICBoost:

https://twitter.com/timothanke/status/849896505653706753 (https://twitter.com/timothanke/status/849896505653706753)
1:08 AM - 6 Apr 2017
Timo Hanke‏: Much conspiracy around #asicboost today. I don't believe SegWit non-activation has anything to do with AsicBoost!

https://twitter.com/mkrohn5/status/851335870200389632 (https://twitter.com/mkrohn5/status/851335870200389632)
12:27 AM - 10 Apr 2017
Marco Krohn‏: Sam Cole and Guy Corem, who both have developed asic and found asicboost independently basically agree with Timo. What now?

https://twitter.com/digitsu/status/850297884742254592 (https://twitter.com/digitsu/status/850297884742254592)
3:43 AM - 7 Apr 2017
David Jerry: Bitcoin mining engineer refutes Greg Maxwell's claims. “ASICBoost” by Sam Cole:
https://hackernoon.com/asicboost-655a73d48ae4 (https://hackernoon.com/asicboost-655a73d48ae4)

Instead of fighting with nonsense arguments you could tell BU to take the Core code and only changes the block size limit and then see if miners switch or not, but they went ahead and did a recoding of entire software, that's why their nodes were attacked. do whatever you want just don't split the chain it will cause disaster to happen if bitcoin chain splits.
SW will be only activated if %75 of hashpower miners signal it, still consensus.

I think that at this stage of BTC we should have only backward compatible soft-forks.
Those forks should not affect business and suff around BTC.
Probably maybe 1% fee to software creators would be good.
at least Developers would have intention to create BEST STUFF.
Miners will be rolled from one soft fork to another good tested softwork .
Such system would give many developers opportunity to fight with Code Power.
Other devs will sabotage each other at voting stage but this is good best soft will win.
Same time code would be upgraded by best soft all time and EVERYbody can developing something revolutionary.

To many people cry on Core that they monopolize situation but maybe if miners want some changes in that regard they should pay 1% dev tax to best DEV team and stop cry that there is no DEVELOPERS.
There is no many competing developers because NOONE is willing to pay them.
So or miners will pay developers some tax or they can cry a rivers how Core is bad and use their software.

I think he is the worst thing happened to bitcoin. And i am not talking about ASICBOOST (yet). He and his company bitmain are making bitcoin centralized. How can bitcoin be decentralized while there isn't any real competition between bitcoin miner producers? Bitmain is a monopoly in this business and i am sick of it.

Your links don't mean anything.  Again Jihan Wu is an obstructionist and he is a threat to the Bitcoin Network. He is putting us all invested at risk! The best thing that can happen is for miners to start pulling out of the antpool and going elsewhere. Also, I highly recommend you pull all your assets out of Hashnest which is a scam anyhow. Jihan Wu is just a robber, period! There would be no reason for me to say these things about him, if they weren't true. I am impartial with no bias. I am not a miner. I am just a Bitcoin investor, and I recognize that Jihan Wu is a major threat to the network, and he needs to be stopped NOW!!

And you're an obvious shill repeating a Blockstream PR script like a broken record. Show us the proof or fuck off.

 haha,

Your not going to get me sink down to your level. There is plenty of proof, including jhan wu's patent on a technology similar to AsicBoost, that accomplishes the same thing, that he is using covertly, and as a result, causing damage to the Bitcoin Network. There is a reason why good miners don't want AsicBoost, or anything like it.

You obviously work for Jihan Wu, or have something to gain by segwit not being activated.


Myself, on the other hand, want a bitcoin network that will send payments instantly, so that businesses can embrace Bitcoin, and the userbase can grow, hence, bitcoin as an asset.

You are money hungry and want to profit from Bitcoin even if you cause its demise, you don't care. 

Good news, we can send already do that with Bitcoin.  :)  I agree we should just HF to bigger blocks and be done with it.    No need for segshit.

so to summarise
blockstream go soft.. and china goes back in time to make hardware years befor blockstream 'soft' half baked gesture..
and yep china went back in time purely to make hardware that attacks the half baked software.

or

gmax last month realised his half baked software wasnt soft enough and was actually gonna break teeth. but then has a tantrum and points fingers at others, and now doubling down to delay the community right upto the end of 2018 unless the half baked gesture gets accepted.
rather then re-doing code in the way the community would actually approve of.

 

The damage to the network is not so much in the covert usage of teh exploit.

It is mainly due to the fact that the Asicboost exploit patent holder has been fighting Segwit, and supporting BU, for selfish reasons (namely, the goal to gain worldwide control of Bitcoin mining, by means of the Asicboost exploit which creates a 30% difficulty decrease for the patent owner).

Even if Bitmain never used Asicboost until today, it would make almost no difference!

This has kindled the ongoing war between Segwit and BU, the ongoing threat of a split, and a tangible damage to Bitcoins price!!

 >:( >:( >:( >:(

Now we know why bitmain is against SW because it will render their asicboost miners useless, I heard that they have a new big farm planned to be turned on and mining and they will add up to their hash rate to block SW even for years to come so that they can bump up the fees and mine bitcoins thinking people will submit to their $1200+ price per coin forever.

This is exactly the kind of retarded reasoning that gets Blockstream/Core bad PR.
You're not going to provide proof because you have none.

Sam Cole and Guy Corem also have patent on ASICBoost, are they attacking the network too?

You made an accusation, all I asked for is a little proof.
Just show people what you have, why talk so much bullshit.

I have already provided the proof repeatedly. You refuse to acknowledge it for obvious reasons.

I am going to launch a fearless, and relentless campaign against Bitmain, and Jihan Wu so people can learn the truth. 

The miners will not be useless, but they would mine at the same level like everybody else.

And not at a 20-30% reduced difficulty (equivalent) which would allow them to monopolize worldwide bitcoin mining.

ASICBOOST is a nightmare, and must be prevented at all costs.

Whoever owns the ASICBOOST patent in China, would be the Emperor of Bitcoin. Almost unbelievable that this has not been brought to attention earlier. Thanks Greg Maxwell.  :)

The only link you've posted is a news article from Coindesk, a Blockstream mouth piece, the article doesn't have any evidence in it.
The rest is just could-be-would-be/he-said-she-said, typical Blockstream bullshit.

Where are the hard evidence? Where is the data?
You talk a lot, but you have nothing in your hands.

asicboost is PATENTED tecnology wt hell is wrong with you people? If he was smart enough to use it and another is not so smart so this is not his fault actualy. Get smart ,create another asicboost technology. Why Bitfurry do not use something like this? Or maybe we do not know all patented technologies from another companies? Should we start to search it?

You are clueless. You have no idea what you are talking about. The Bitcoin network was designed to be decentralized, that means no one controlling it. Unfortunately, it grew too fast, and some changes are needed in the size of each block so they can process more transactions faster. This would allow wider adoptation of bitcoin, hence, it would grow as an asset.


Jihan Wu runs a mafia cloud mining operation, and he has covertly been using a technology while mining  that hurts the blockchain. I encourage everyone to pull out of hashnet, and the antpool.

Jihan Wu's operations threaten the future of bitcoin. Save bitcoin now, and leave his operations.