Bitcoin Forum

Bitcoin => Mining => Topic started by: stoppots on February 18, 2012, 09:39:47 PM



Title: Bitlc Makes A Stand Against Proxy Pool
Post by: stoppots on February 18, 2012, 09:39:47 PM
Nice to see a small pool like Bitlc.net take a stand against ABCPool.co pool hopping its pool.

https://bitcointalk.org/index.php?topic=10121.1100


Title: Re: Bitlc Makes A Stand Against Proxy Pool
Post by: jake262144 on February 18, 2012, 10:26:03 PM
If Bitlc changed their payout scheme to a non-hoppable one they would not need to take that stand...


Title: Re: Bitlc Makes A Stand Against Proxy Pool
Post by: Jine on February 19, 2012, 12:11:18 AM
The reson for us bringing this to light is cause all the lies told by their pool-ops.
Another reson is also that they've deliberately avoided all of our detection mechanisms to avoid large-scale miners like these (botnets primarily, but also pool-hopping pools).

The third reason is that they ARE having a bad effect on our system, as it's 500-600GH that jumps to us for a few minutes, and then it's gone again. Such spikes are VERY hard to handle for anyone (it's thousands and thousands of simultaneous requests)...

We are aware of that we're still a prop-pool, but that wasn't the reson for us decicing to ban them, it was purely for the better good of the community, site and bitcoin as a currency.

And yes, we are switching from prop to PPLNS, check our previous voting-thread for more info why :)
ETA is in a few days.

--
Regards, Jim
Bit LC Inc.


Title: Re: Bitlc Makes A Stand Against Proxy Pool
Post by: jake262144 on February 19, 2012, 12:58:26 AM
... And yes, we are switching from prop to PPLNS, check our previous voting-thread for more info why :) ...
I already voted in that poll :)

PPLNS is a decent system depending on the exact implementation, I'm sure you have acquainted yourself with Meni Rosenfeld's analysis of pool payout schemes (https://bitcoil.co.il/pool_analysis.pdf).

ABCProxy deserve every bit of heat they are getting for hiding the true nature of their operation from their miners.

Best of luck to you, Jim.