Bitcoin Forum

Guys beware of this guys pools, he takes no measures to protect his pools from high hashrates. If you support his pools you are just killing the currency you are mining.

His pools go by the name of: *currency*pool.com

For example the pool below is almost 50% and he has done nothing to stop it, if you enjoy killing the coins that you support, support this idiot.
http://www.worldcoinpool.com/

If the same level of carelessness goes on at his pools you can only imagine you will find the same crap at his Cryptsy exchange.

Pizza is 100% right. Vern's WDC pool is almost 50% and he doesn't give a fuck that it could split the blockchain. He has a responsibility to manage the hashrate but he is greedy and only cares about his own short term profits.

Don't mine at his pool if you want WDC to have a future. In these early days because WDC has only 15 seconds per block we need to be more careful until hashpower is better distributed. I am boycotting his exchange.

His pools are realy good they work great.
What he can do about price there would be someone else who will open the pool and the same thing will happen.

I really wonder about people here sometimes.

Happy wdc blockchain splitting. If this will not split now it will happen in the future. This alt coin is doomed to fail. Dont blame the pool. Blame the developer.

User with 10 posts his pools are really good lmao. All his other pools have almost no one using them.

looking forward to 51% ... you can do it. go go go

What you can wonder about. You really think that someone else could not open the pool in its place and the same thing happens?

I don't post much as this forum has better served me as a simple source of information. However, here's my 2 cents. As you are correct in your concern, seeing as how BV has responded to any issue brought to his attention both here on on the litebonk forums within an hour, I may suggest just bringing the issue to his attention directly. As you stated, Vern's pools usually have a fairly low but steady user base. As such I doubt this particular issue was on the forefront of his ToDo list. An any case, I have already notified him of a need to fix this issue. :)

No-one is saying close down Verns pool and open another one. We are saying he should limit new users joining so they are forced to use any other pool than his thus distributing the hash rate rather than having half the network hash in a single pool. It's quite simple.

it written in fairly big letters to control high hashing powers, and the pool was emailed. You don't need to have someone bring this your attention where you can see your pools hashing power and network power everyday.

It's also easy to up the fee to deter miners.

That is true he should limit new users joining on his pools.

yeah I love verns pools and they have high hashrates because they are not shite

it is already over 51%

Pool Hashrate: 964.89 MH/s
Network hashrate: 1568.52 MH/s

I have no problems with his mincoinpool.com, been mining it for a few weeks now issue free.

So this is the end of WDC?

I think the argument is verns pools are so good that people use them.....This is bad because his pools can get over 51% and he doesn't limit them. So lets hear from the super smart folks? If a pool has 51% or more what can the pool owner do to the network what is the risk? Im not worried about Vern's integrity if that is why we are bewaring but a good discussion on the issue should be had.

with majority hashpower, the blockchain can be manipulated by that pool.

See here: http://www.btcpedia.com/bitcoin-51-attack/

it is already over 51%

Network hashrate: 1605.06 MH/s

http://www.worldcoinpool.com Pool Hashrate: 970.1 MH/s
http://wdcpool2.erundook.net Pool hashrate: 471.90 MH/s
http://wdcpool.erundook.net Pool hashrate: 472.74 MH/s

There is a very high possibility of blockchain splitting even @ 40% hashrate.

hashrate is almost 2gh

uhh if it grew it would only become better lol

That pool was over 65% best part of the day.

Take notice people. This is what happens when you comment without knowing your ass from a hole in the ground.

MH/S are irrelevant. The problem lies in the fact that the majority of the MH's are concentrated on a single pool. 10,000 mh/s spread across a lot of pools would be fantastic for the coin.... o_O

Well that coins is dead for sure then.

The network hashrate size is irrelevant. It's the ditribution of the hash. It's not good for any coin to have a pool with a huge amount of hash power, but for a coin with 15 second blocks the limit should really be 30-35% max of the network hashrate. Now go back to school and leave the real talk to the adults with money.

+1

I don't think he intentionally let it get that way. His has rate has stayed relatively the same, it's the global hashrate that has fallen. Users could also recognize this, and move themselves. 2 or 3 bigger farms moving could rectify this rather quickly

Hey Guys,

I was generally hoping that the hashrate would be a temporary spike and that other pools would open up or people jump to the next coin.

A 51% attack takes 2 things to happen:

1. Must have control of over 51% - which the pool did indeed have
2. Malicious intend of the person in control of that 51% - which indeed I DO NOT have. 

I have never, and will never even attempt to break a chain.  Period.

That being said, I certainly do have some programming to do in order to prevent the next big pool from doing this all over again.

BigVern

I recently opened up a 0% fee p2pool for WDC seems to be working properly:

http://107.20.187.147:9500/static/

Same basic configuration, minus the fee, of the DGC pool I've been running for days:

http://54.227.253.120:9500/static/

Would love to have some more traffic on the WDC one.  Never hurts to spread out the bandwidth some.

ANNOUNCE:

0% WDC mining fees now @ http://wdc.epools.org/

Just kicked off 4 vid cards mining on this pool and so far I have 340 accepts & 2 rejects... ;D

thanks for letting us know. I must say the folks behind WDC are sure on the ball. I'd have to say is the most and best supported coin out there. Glad I got in early.

There are now several pools offering 0% fees 2 of which are aprox 500Mhash .. please move some miners out of the big pool.

told you guys - only their own spamcoins don't get attacked ,  i know WDC was not a Senior BTC member development .

but it was kinda crazy with the blockchain and the yeah yeah  ! ?

was it meant to be a long term thing ? Well i have no comment .

man.. they walked , can't you see that?  , they moved onto Luckycoin, i made the name up FFs lol .

oh well.

you guys like music?

Remember the Lyric "One time a thing occurred to me , what's real and what’s for sale."

 

Big Verns service is always top notch!

Big Vern's pools get such high hashrates because they work properly. If you want other pools to get a decent share of the hashrate, make some that aren't shit. The dontmine.me pools were good too, but they are no more.

http://wdcpool.erundook.net/ is a great pool. thats what i use.