Bitcoin Forum

http://chart.googleapis.com/chart?chs=350x200&chd=t:34.90,3.02,20.99,1.54,12.01,15.15,3.56,8.07,0.74&cht=p&chf=bg,s,00000000&chl=deepbit|BitcoinPool|slush|bitcoins.lc|btcguild|other|Eligius|btcmine|swepool

They were just at 48%.

Holy crap

Did someone with a MASSIVE hashrate drop out of the pool or something? :P

edit when i read your post I checked deepbit and it's hashrate was reported as 1800GH. Now it's 2300GH and bitcoinwatch is looking normal again.

They lost ~500 GH/s just now.....

They rebooted to load the forged chain :-)

... and they just shot back up....
http://chart.googleapis.com/chart?chs=350x200&chd=t:46.89,2.99,20.87,1.53,12.08,3.44,3.48,7.99,0.74&cht=p&chf=bg,s,00000000&chl=deepbit|BitcoinPool|slush|bitcoins.lc|btcguild|other|Eligius|btcmine|swepool (http://chart.googleapis.com/chart?chs=350x200&chd=t:46.89,2.99,20.87,1.53,12.08,3.44,3.48,7.99,0.74&cht=p&chf=bg,s,00000000&chl=deepbit|BitcoinPool|slush|bitcoins.lc|btcguild|other|Eligius|btcmine|swepool)

What happened to that 500GH/s for 5 minuets?

That 500GH/s is probably Tycho's rigs; he probably upgraded them all :)

Someone probably tripped over their ethernet cables and disconnected their rigs.

Unless youtube is running the javascript miner, this was surely anomalous...

3 billion hits a day...... mostly the browser idling for several minuets at a time when watching videos.

Uh.

https://i.imgur.com/0VC5A.jpg

49.61%....

what will happen when deepbit = 50+% ?

Ever seen the movie 2012?

Ok... Can anybody tell me where are the ships?

Nothing until someone verifies a forged chain. Then its over (well, for now. to appease the long-term visionaries).

您们是如何？

You have be?

49.98%

Shit...

If a forged chain is verified wont a good portion of deepbit just move to a different mining pool to protect the security of bitcoin  as a whole?

https://i.imgur.com/l74eq.jpg (https://i.imgur.com/l74eq.jpg)

Not likely. They don't check the forum... ever.

So what do we do about this security threat?

Nothing.
It is not in our control.

Of course it is. Anyone mining at deepbit is doing their part to create an unhealthy network.

ok, so give me poole that has instant payouts and good PPS system

So you'll end everything because you need instant gratification? This is why it's gonna be a long road to the future.

Ya know, Bitcoins are increasing in value. If you don't sell them right away you might actually make some extra money...

so ok, poole with good PPS ; )

Swepool.

Why would you want PPS? PPS gives you the LEAST amount of money, plus Deepbit charges 10% fee on PPS!!
You can go to pools like btcguild, if you donate 2.5%, they give you instant payout as well. That beats the 10% fee by a lot -.-

I found pps better working for me (420mh/s) Today was like 2h round on deepbit. I got 0,6BTC, with PPS: 0,7BTC

Isn't that probably an edge case?  2 hours is a long round for deepbit, I believe.  The AVERAGE round length almost certainly results in a worse payout for PPS.  Mathematically isn't not possible that PPS with a 10% fee is better.  And unless you're in a tiny pool or only care about hour by hour amounts, the variance for non-PPS doesn't seem like enough to be a problem.

ok,I moved to BTCguild ; )

Then obviously, you have not been mining for very long, and or do not know about variance. You cannot compare PPS and Prop like this from ONE ROUND. At the very least compare for a week and then see.

Thank you.

lol, on BTC guild I have like  4 idle's to 2 accepted -.-

They are having server issues right now, they are getting new ones on Wed. and Thurs. to deal with the load.

Switch to Swepool or some other pool for now.

This is pretty bad..btcmine down, btcguild down, bitcoins.lc down, everyone is flocking to deepbit. Not helping the situation.

There are lots of pools just pick anyone of them but Deepbit. Network security should be your #1 concern.

Sadly, for other people it isnt.

Well, they are being silly. Why tempt fate when it's so easy to avoid such problems? Bitcoin may survive an attack, but will the public ever regain their trust? Let's not cut off our nose in spite of our face.

Well, most people probably don't know. It's not like everyone checks the forum every 10 minutes. Others may not even know about the danger of getting this much hash rate in one pool.

There are plenty of miners that use this forum that know. Enough to make a difference. They choose not to.

why tycho won't disable registration ?

"It's not like my hashing rate is rising, it's network block generation speed is low today which causes pie chart to look more scary than usual.

Create a good pool, make a better offer to bitcoin miners and they may switch. That's how competition works.
It's easy to make a pool with lower fee, there is even an open source pool software available. And that's not the only option.
Why not create more ? There will be a LOT of new miners soon.

Don't make me say my opinion on bitcoin security for the fourth time :)"

Is what Tycho says.

Because he is shortsighted about bitcoins future and cares most about the money he makes.  Which, ironically, will become worthless if even 1 single attack is perpetrated.  Unfortunately since blockchain forks aren't centrally reported, we'll never know what he's doing behind the scenes.


Sell btc imo.

He's making a large amount of money. Would you?

Well... I would. You can make a large amount of money with 30% of the hash rate, and the network is much healthier. Anyone who mines Bitcoin should promote a healthy network.

why won't someone ddos deepbit ? if it's so scary

You want to try? XD

I don't have that knowledge needed to ; p

What a terrible and unoriginal idea.

Unfortunately, for the sake of the network, we'll have to do this if [Tycho] continues to do nothing. Personally, I suggest that he double the pool's fee. It'd be a win-win for all of us.

I simply don't understand how someone who is making so much money from Bitcoin would ever let the network grow so unhealthy. You don't bite the hand that feeds.

Me either, which makes conspiracy theories roll through my brain. I hate conspiracy theories.

Where's BTCmine ???

What conspiracy theory?

The website is down, but I think you can still mine on it (I am), however there are issues with the server, just like btcguild. Better than pointing it back to deepbit...There's no where else to runnnn....

Dropping the ball.

I really do not get why he lowered the fees to 0/7%.  I run a backup phoenix at a lower priority because BTCGuild is under load and i don't like the stress on my card.  But i am even debating finding another backup pool than deepbit because he lowered the rates..

He lowered the rates because deepbit went out to a ddos...and that was just for a few days. The fees are back up now, and yet more people join.

The fees have not been lowered.  He raised them back up on 6-4.  IT was due to the outage that he had.  Hes back to his normal fees at deepbit.

Ah, didn't notice, ty

The hell...there's like only 4 pools left on the pie chart other than Deepbit. Is everyone dying or something?

No, lack of a slice on the pie chart doesn't mean the pool is down. Usually it's just the front end.

Hey guys, I hear BitCoin is changing its name to DeepCoins soon, is it true?

No more BTCs here comes the DPCs.

Wots that? pacmanCoin?

They *could* verify a forged block allowing various addresses to double-spend coins. 

Once the block is verified by their own pool (more than 50% verified it, so it MUST be legit, right?) then they have just "printed money". 

They can repeat that as often as they'd like and there's very little anyone can do, other than drop out of their pool so they drop below 50% of the hashing power of the network, and can no longer forge blocks.

This is the major weakness in Bitcoin creation.