Bitcoin Forum

He is undermining the concept of the currency.  it is dsitributed so that we can AVOID having a central authority.  He is in essence becoming the central authority to the block chain.  Since orphaned and/or forked block chains are not reported to anywhere, we will never know if he is perpetrating or attempting to perpetrate attacks with his dominant market share.

Other pools offer less fees and will amount to more payout over the same amount of time (on avg).  You are doing bitcoin a disservice by taking the essence of the currency and bending it over and letting someone have its way with it. 

lol, I do not understand why people would mine with deepbit.

We've got like 3 threads about this going on at the same time lol.

...and yet no one is doing anything.

Are there any moderators in these forums? LOL.  WOuld be nice to have all these deepbit hate threads combined for easy viewing.

Could someone ask the dude nicely to split the pool in two ? Deepbit1 and Deepbit2 ? Same shares system.. he'd still make the same running both pools, but they would 'compete' against each other to keep things the way they are supposed to be.
Would that work ?

There is no hate. It's simply a matter of the Bitcoin network's health. I would prefer the entire front page be threads about this until it is resolved.

Kk let's make some threads :D

No. What matters is what he controls, not how large the pool is.

Ehh, I'm not really a thread starter. Maybe you could bump some of the old ones. :) "You are threatening Bitcoin's security" is a good one.

Well as you can see from my sig, I dont mine in that pool. But its kinda funny that all this hysteria is only driving people to deepbit... its like free publicity.  

No. The concern is that the operator can be coerced into doing bad things to the network. Having one person control two mining pools does not solve the problem.

IMO, most people should be solo mining. Most people don't like the prospect of waiting over a month to process a transaction block.

Give Tycho 3% of all generated Bitcoin and you have an incentive for him to close registration.

DeepBit is actually a CIA front for their massive cluster.

Is anyone contemplating a REAL DDoS?
Not something done by a single person, but by the community collectively?

inb4 unoriginal

I would like to let you know why i continue to use deepbit.net

I have been mining for 3 days today.

I dont have access to GPU's at the moment, im only getting 6-8 MHash/s

No other pool is allowing me to checkout 0.01 BTC .. which I will be finally achieving tonight (and i plan to take, lol)


but, yes I dont understand why so many LARGE rig owners are using it, If I had even 1 ATI 5850 i would be somewhere else for the lower fee.

Lower Fee = More Money

.0007xxxx per share is what deepbit is offering, and is lower than other Pay Per Share, but swesub i will have to mine 30 days with CPU to withdraw (.10 min limit) .. and continumm i would have to wait 10 months (1 BTC) ... so CPU miner's only friend atm deepbit, it lets me put 0.01 in my wallet, because if the pool crashes.. my bank could be gone .. and CPU mining takes a long time

My idea is a lot friendlier.

I did that exact thing with my first .01 at BTC Guild =]

I think your electricity bill would be more than what you are making...

I totally agree, and dont want to see ANY hostile action taken against part of the Bitcoin community, but Tycho is not responding to the "increase fee" method, which is what Im assuming you meant by "give him 3%" method.

Honestly im not opposed to the idea of DDoS'ing him.

We can't let bitcoins security be comprimised by the unaware masses when 1 person can change it.

+1. That sort of action is just competition, right. He should have to compete with the informed and motivated.

http://chart.googleapis.com/chart?chs=350x200&chd=t:51.65,3.12,23.34,16.76,4.24,0.88&cht=p&chf=bg,s,00000000&chl=deepbit|BitcoinPool|slush|other|Eligius|swepool

51.65% on 2011-06-08 06:00GMT
...

I totally agree with the title of this thread.

46.4.55.54

80 and 8333

Oh yes definitely !!

This is not really a sustainable effort, but rather i read about Bitcoins 3 days ago and jumped in the pool, lol.

I will be looking for some GPU's soon, but I also understand I am coming to this thing very late. So I will be looking for "Gaming" cards.. I wont be making a Server Farm anytime soon.

Im doing it for the pure enjoyment. I know I will not be getting rich on Bitcoins. lol

the hell happened to btc guild?  it just dropped off the map

make a pool that has all the stability and features of deepbit and I'll consider moving to it. he's winning 50%+ because the others aren't competitive. his wasnt the first pool. its just the best.

Second server being brought online, it is not actually down.

Well, "increase fee" is one way of putting it. But pledging BTC to him at a steady rate that'd match the 3% of the 50-100% of the network's Bitcoin generation is what I mean.

While contributing to a security threat to the network, you are placing a bet that all your earnings will become worthless.  If confidence in the currency is shaken, it will likely never recover as the only thing this currency has going for it is confidence.

Late is relative. Still, most of the world hasn't heard of Bitcoin and certainly haven't bought any.
If you believe it will change the economy in a few years, the best way to get in on the action right now is buy, not mine.

Just my 2 bitcent.

I get what you mean, but "O Great Overloard Tycho" is not something I like. I dont want to have to pay a HUGE fee just to protect a network that could simply point its hashing power away from Deepbit.

Well, people are right now acting like they're deposing a despot. It'd just be the other side of the same (bit)coin. Hate to see DDoSing hitting all the pools.

I bought 2 BTC yesterday :D Already made money if I was to sell !! lol

almost mined my first .01 :D !!

but by reading these topics .. I can see where the REAL profit is and its not hiding.

a deepbit.net competitor .. real competitor .. lots of money there ...

I am going to start planning one.. with advertised feature of fees 1% less than deepbit

feel free to take this idea, steal and expand it.

LOL

I dont think BTC is going anywhere for awhile.

Hum... good luck, there are already pools with 0 fees.

how bout a pool with Pay Per Share above 0.0000793149 and payments as low as 0.01 ?

I just pointed my 1.2 GH/s to BTC Guild. If I'd have found them earlier I would never have pointed at deepbit in the first place. The estimated MH/s of each worker is a huge feature that I often found myself wishing deepbit had. I still have a couple miner threads pointed at deepbit, but those are my -f60 threads in case my new primary pool goes down  8)

why do you want a .01 BTC payout? there's a reason that a lot of pools have a payout limit. it's to keep you from getting screwed on transaction fees.

there was a pool called bitpenny that did that. it went under because it wasn't profitable.

They were not capable of handling the extra volume when deepbit overflowed (during the recent DDOS attack on deepbit).

Then move to Slush's while the rest recuperate.

or simplecoin which is now also score-based

You can also point your miners at multiple pools at once. Like If you ever accidentally started two miners on the same card, both miners start mining at half rate. You can do this so that if one pool stops sending you work, the miner with work will take over using the entire GPU. I haven't done extensive testing, but i image there is a very small drop in rate because two miners are running on one GPU, but I could never notice it.  

You can actually get a slight overall, long term increase in has rate by running two processes on the same core I've found.

I'm pretty sure it is because when the other process is getting work or sending an output (diff. 1 share) then the other process can jump in and take up the slack, albeit temporarily. But because of this crazy diff. 1 share system of the pools there is quite some cumulative downtime when the processes are submitting and getting work.

Which is exactly what I'm doing, I'm just running deepbit's threat with the -f60 flag to ensure that it gets minimum priority (default priority is 30, lower is better). As long as BTC Guild's processes keep running, deepbit only gets 1-3 MH/s from me. I'd rather not contribute to the deepbit problem, even with my overflow, but I need that per-share accounting.

You can use swebit to get per share at a higher payout if you want a Pay Per Share backup.

swepool.com I think? or swepool.net? I haven't set it up as my back up yet, but others report good things.

EDIT: swepool.net

Pays 0.000081077523877986 btc/share vs deepbits 0.00007931496901107 BTC per every sumbitted share. Instant payout too.

If there are already 6 threads with the same idea, make another one, it'll make a difference the 7th time.

no offense to Tycho but I dropped from deepbit permanently the last time they were d.o.s.'d and I was very vocal about it despite the crap everyone was talking to me.

I think that everyone needs to stop and think about the good of bitcoin and not jump on the bandwagon of greed.

thats my piece.

The problem is it's preaching to the choir at this point. It's only going to reach the users that read the forums. I'm willing to bet that a good portion of deepbit users don't read the forums, and a good percentage of those never will.

Is it "Other"? i bet it's other, isn't it?

Or is it All of the Above?

You are preaching to the choir. I'm just giving a reason why these pools aren't taking any of the traffic.

Well, the thing is, there are users of the forum that read these threads and still mine on deepbit. Sometimes you have to beat (figuratively) sense into people.

Bitcoins.lc has 0% fees, also shows hashrate for each worker, also show last 24 hs stats, it has also instant payout with 0.01 minimum, and a bunch of other features. Im mining there right now, and its growing day by day. All of use deepbit miner should check it out, really.
And the most important thing. YOU WIN MORE.
Also if more people go into the pool it will support unconfirmed payout soon, so what the hell are you waiting for!!!!!!!!!!!!!!!!!!!