Bitcoin Forum

CURRENT PROBLEM
GHASH = CEX + Other Miners = Near 51%

SOLUTION
Move out miners to other pools and make them equally fast.

THE PLAN
To gather as much miner, small home miners to fib farm miners and move out of a near 51% pool(Currently ghash) to another pool same day.
The movement in a single day will keep us all away from variance issue.

What you need to do?
Pledge here with your mining hash power for Sha256D and make a reminder in your mobile the switching date and switch to the other pool that day.
Switching day can be decided after we get gathered.

Also Add this Signature:
For the good will of the community & Bitcoin, inviting all to pledge here and join this AGAINST 51% group here to the betterment of all. Also put all your input here.

MOVING DAY: JULY 01 2014

I've been moved since day 0.   ;)

Slush, BTCGuild, and Eligius for me.  Smattering of some Multipool and some SHA alt pools.

if there were a trustable way of contributing towards getting some pooled miners to fight against ghash, i think a lot of people would be willing to pitch in.. including myself. there are lots of people who hold bitcoin, and if investing 1-2 btc ensures the wellbeing of the currency, i think a lot of people would do it. we just need a well trusted figure to organize it.

I like your idea, hope it get sticky and get some attention.

I will try to point people for this thread, good luck for all of us.

I second this motion!

I'm not famous but will try to organise as much as possible. Its decentralised any one can take this up with a 51% attack :)

We need more publicity. If all can add the below as your signature in this forum and also spread in reddit it will be great.

Signature:

Looking what ghash is doing further.

Let's point to a p2pool node and keep it truly decentralised!

That's what we actually need. We need to grab more miners. Seems like many are shy or lazy to post.

I started on p2pool with only 30gh/s and I got some good payouts. variation can be a killer but in the end you get as much or more on p2pool. I have three nodes set up, one in Sydney and a BTC and LTC node/s in Singapore.

If we use p2pool as the preferred method of pooled mining then it can never be a 51% pool. (i.e. even if p2pool were 100% it would be distributed and no node could hold the majority).

What is needed is for miners to understand that and for some devs to dig deep and see how they can enhance p2pool to be a little more efficient with larger miners.

That depends on p2pool owners/moderators.
They can easily manipulate users hash rate just like any other pool.

Switching pools will not solve the problem.
The problem has been there from the start and has yet to be solved.....

How is that? and why would they when a user can just jump to another and verify that and keep all shares worked on. to my knowledge, when the pool is reporting the correct version and has peers, it cannot be easily modified to bring any benefit to the pool owner other than the pool fee or merged mining going on the in the background (merged mining does not disadvantage the miner in any way whatsoever byt he way)

lol ;)
you need to read a little about p2pool

I have heard quite a bit about it.
It still doesn't change the fact that the software behind it is controlled by an entity or group.
Much like BTC.

And I will repeat myself.
We can go on forever switching pools or we can solve this once and for all and make BTC mainstream.

Switching pools is a temporary solution.

The code is open source and if its been modified then peers wont connect to it or allow it to connect, much like the bitcoin core itself.
Please explain how you feel p2pool can be modified to trick miners in any way.

BTC is open source too.
Do you have any control over the protocol other than switching pools?

I might not have good knowledge on p2pool ( I admit that) but what I do know is that we are screaming like girls whenever someone reaches high hashrates and create threads like this one instead of trying to pledge for a PERMANENT solution.

However, it has recently come to my understanding that a permanent solution is not in the plans of the core-dev team for various (and some of them valid) reasons.
Making changes to the protocol at this point will be difficult.
However Gavin himself said he has a "solutoin" should it be needed.

Well, it's needed.

that's what I am trying to say though, p2pool is a permanent solution. There are options to allow parent and child nodes also. We just need some dev work to add those new features.
You really should read up on it as it's some pretty cool stuff.

https://en.bitcoin.it/wiki/P2Pool

https://bitcointalk.org/index.php?topic=18313.0

The only solution is to change the core system but that's not in plan or not disclosed the plan yet by any.
And the only thing we can do is to just build a big crowd against the other big crowd and make them small.
We small miners are out of options!

You said it.

If decentralized mining is added to the protocol itself, problem solved, no need for switching pools.
I don't know how that can be done, but if it is, WE ARE OFF TO THE MOON!!!!!!!!

I guess you could find a way to make the Bitcoin network only accept hashes from p2pool nodes or that it must meet some other requirement that ensures any hashing power is distributed by a minimum amount.
My point is we have a choice as miners to start that already. p2pool varies between 500th/s to 1ph/s and there is talk form some large miners to point a few more ph/s at it.
if that's the case then more blocks will be found on p2pool providing more regular payments (less variance) which makes people feel better due to more regular payments. The other awesome thing is that btc is paid directly to your wallet the moment a block is found. no middle man, all payments are listed publically so there is no chance to fudge or cheat it.

if i would be a minee, i would do this.

I'm a bit confused, if the other miners all join another pool wont the other pool's share increase by about 10% and lead to that pool reaching 51%?

if you had ghash at 51%, and pool "x" at 10%.. and 20% of them moved from ghash to pool "x" it would be 30% and 31%.. it spreads the hashing power.

decentralization, at least to me, means that there is no player in the market with so much power that it could affect bitcoin's development.

We will be moving without making such an issue.

Agreed.

I think that's a good idea there, but you have to give people also the reason why they have to make such actions, i understand why centralisation is not ok for BTC, but many still don't know and i think you should explain that also in this topic.

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

https://www.youtube.com/watch?v=Kjtgp5h-jEY

If its centralised then why the need for crypto? Better options are already here, Dollar, Euro, Yen, etc.

We are the 49% UNITE!

seriously though, if you really want to avoid large mining pools, make sure the alternatives to the status quo are at least as good as the status quo or you won't gain popularity. its that simple.

i found two ideas on reddit to prevent 51% but iam not tech-savvy enough to give a feedback:

https://medium.com/@RKHilbertSpace/elminating-mining-pool-concentration-in-bitcoin-196d02bf2d81

https://medium.com/@lmgoodman/preventing-mining-pool-concentration-with-lamport-signatures-e7601c474343

what is the current percentage?

Checkout https://blockchain.info/pools

Thanks, i forgot about that.

Dear all,

development of p2pool has sparked up again and there are several developers working on some new features and fixes, including the lead dev forrestv.

Starting from here https://bitcointalk.org/index.php?topic=18313.9100 there is much discussion about where it can go and what needs to happen to make it more feasible in regards to large and small miners and variance.

I think in the coming months we might see a truly viable new model for how Bitcoin is mined.

Pretty sad situation that Ghash has created. 

Ghash = booooooo

Creation of Ghash is not the problem. This is free market and they have the right to create.

ghash cartel~ lol, just kidding.