Explain to me how its stealing? Its like a kid losing at the game of HORSE complaining because his opponent is just shooting free-throws while he is trying to make half court shots.
Bad analogy. A better analogy would be that the owner of the stadium has changed the horse racing rules to make the race more even and give a better spectacle. Do you realize that if everybody pool hooped the pools would suddenly get stuck in a block because everybody would have gone away? And please, stop the bullshit that you are so clever because you downloaded a program from the Internet that allows you to pool hoop. If I wanted to I could download the same program and run it. Its nothing special. Its normal that the people who dont pool hoop have asked the pool owner to do something about it. They are being loyal to the pool, sticking around during the long rounds and contributing the less payed shares, and getting the worst part of the deal. The pool owner has decided what type of user s/he wants. Why are you complaining? |
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If you're anti-government, etc, then how teh fuck can you be so effortful towards "properness" WTF? FUCK YOU!
Anti-government does not mean Pro-Anarchy And pro-anarchy does not mean pro-caos or pro-violence. Actually, the contrary. |
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If you're anti-government, etc, then how teh fuck can you be so effortful towards "properness" WTF? FUCK YOU!
 Someone forgot to take his/her pills. |
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my 2 bitcents.
since the implementation of the delayed stats, my rewards have been scarily stable. I get the same rewards for the really short blocks or the really long blocks. (~.13)
before the delayed stats, the very short blocks would range from .03 to .18 . I can only assume the variance was caused by many miners hitting the pool at the beginning of the short block. Same here. With the hoopers gone the payout is a lot more stable. You can see the measure hurt the hoopers by the reactions in this thread. I was thinking, and the pool hoopers could know sometimes when a round starts. When the previous round was longer than 1 hour the round will appear and the pool hoopers will know a new round has started. Its a bit of a long shot, but I think the solution is quite easy. It could be solved by delaying 10 minutes the report of a block that was longer than 1 hour.
I dont know what I was thinking when I wrote this. For some reason I though the dealy started counting when the round started...  |
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I was thinking, and the pool hoopers could know sometimes when a round starts. When the previous round was longer than 1 hour the round will appear and the pool hoopers will know a new round has started. Its a bit of a long shot, but I think the solution is quite easy. It could be solved by delaying 10 minutes the report of a block that was longer than 1 hour.
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What problem are you trying to solve? +1 Also, how do you decide which price inflation indicator to use? What we call price inflation is just the price index issued by the government. But Bitcoin has no government and the price index can be calculated in infinite ways. |
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nahh.. a few "backbone" bitcoin nodes will connect via ssh tunnels/VPN's and that's it.
They are gonna need to shutdown a bunch of satellites and cut a bunch of undersea cables to get somewhere.
In the end of the day (unlike bittorrent) we can dig up old modems and FIDO tech. As long as one can place a phone call bitcoin is going to keep working. Someone could create a wireless connection from Alaska to Russia and act as a bridge. Sarah Palin says she can see the "other side" from her home... |
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In the end, a stat delay is what we're going with. +1 EDIT: Btw, I dont know if Im just having bad memory, but it feels like lately we are having more variance. 2'2 TH/s we should be around 45 minutes each block on average, but we are getting several very long blocks (4+ hours) and then several very very short blocks (less than 10 minutes). I dont remember so much variance before. Probability is a bitch I guess. |
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Elections on 2012. Obama wants the Fed to inflate to create a mini-bubble and give the impression that the economy is improving so he can use it during the campaign. Yea I guess that's why he's said he's sticking to his promise to not raise the debt ceiling.  Who are you talking about? I dont understand your answer. You hire people who work in the field and have experience. That's the problem with these positions: you basically have to hire the fox to watch the chicken coup, because the fox is the only one who knows what its weaknesses are.
As for Bernanke, he follows the same school of economics most other top economists do. Hiring anyone else would result in similar decisions (even Ayn Rand fan Greenspan did Keynesian things when he thought they were prudent). +1 |
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EDIT: Ended reading it. You are now appliying the price deflation rate to the loan. I dont know if you realize that you should also aply the price inflation rate to calculate the difference between the two loans.
Could you elaborate please? Price inflation to two loans? If you are comparing the real interest rate on the loans you have to apply the price inflation/deflation in both loans, not only in one. |
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I dont know if we will be able to find the investors. Maybe is easier than I think, who knows. The obvious move now is that someone capable and with some respect in the Bitcoin community ( **cough** JoelKatz **cough** ) picks up the project, writes down a viable plan both from the economical and engineering point of view and then throws the idea out to see if the investors are there or not. I'm not an ASIC expert. I can manage engineering projects, design complete systems, write software, and design hardware above the chip level. I have some FPGA/PLD experience, but that was more than a decade ago. Someone with real ASIC-specific expertise would need to make a detailed plan and firm up my numbers (remember, these were back of the envelope calcuations). I can tell just from my own expertise that if the ASIC meets its design goals, the rest of the system is not particularly difficult. Generating and moving the work units and collecting the shares is not difficult at all. Providing power and cooling is simple. Also, I can't take on significant time commitments that don't provide certain revenue because I've already taken on more of them than I should have. Fair enough. |
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wow! 140GH! with 100GH we have 1 block/day. then prop is working just fine! i would say to monitor the pool behavior for a while before any changes are made  The problem is that a lot of the miners will go away when the block becomes too long, as had happened in the 10th round. I am waiting for the changes to be implemented to return to the pool. (I wish I had changed so quick because I missed the quick round and went to BTCGuild that had a horrible luck strike. Oh well.) |
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You could make it either way, but honestly I would make it so it does not remembers negative strikes, because otherwise it will stop newcomers from joining the pool. At some point the pool should almost always have a positive credit and rarely touch 0, because variance should even out.
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That has to be the worst strike of luck ever. At 2000+ GH/s, we found 2 blocks in 10 hours 10 minutes. Thats almost 6x.
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Sounds fine. The problem is finding 1000 investors. Does not sound like an easy task.
Is it the money value that you think is the problem or sheer number of investors? I think if the whole community can't come up with at least 1000 potential investors each risking $6000, then I think the whole bitcoin project isn't ready for ASIC yet. It needs more time for its natural growth. We need to be careful here, I will give you an extreme example: if only 50 people would invest each $100,000 they could put the whole bitcoin project in danger. Not in a way that they could ruin the whole thing, but just takeover mining and collect 40% of all coins in each round, then reinvest and keep growing, basically to the point where this small group of 50 people would hold 90+% of the market. By that time majority of the GPU miners would stop already, which could put the whole trust of the network into hands of 50 individuals, each only putting up $100,000 at the begining. I understand it might not be an easy task, but we won't know unless we come up with detailed plans and see what community thinks. Right now we are only talking approx costs of the whole thing to get a frame work done. I dont know if we will be able to find the investors. Maybe is easier than I think, who knows. The obvious move now is that someone capable and with some respect in the Bitcoin community ( **cough** JoelKatz **cough** ) picks up the project, writes down a viable plan both from the economical and engineering point of view and then throws the idea out to see if the investors are there or not. |
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Sounds fine. The problem is finding 1000 investors. Does not sound like an easy task.
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I have not read the whole thing yet, just made it to the middle, but you can not expect people to demand the same interest rate in a inflationary monetary system than in a non-inflationary monetary system. The premium for inflation is always considered when given a loan. For example, a 6% loan with a 3% price inflation rate, has a real interest rate of 3%. Thus in a price deflationary system, f.e. -1% price inflation, a real interest rate of 3% is a 2% interest rate. In both cases the burden to return the loan is the same.
You can not seriously expect someone to demand the same interest rate in a price inflationary environment than in a price deflationary one.
EDIT: Ended reading it. You are now appliying the price deflation rate to the loan. I dont know if you realize that you should also aply the price inflation rate to calculate the difference between the two loans.
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SMPPS has the disadvantage that the pool can be over time arbitrarily high in dept towards it's miners. If you had a maximum of hashrate during a bad luck streak, these miners will never get paid at all.
Yes, but they would not be payed in proportional either. So its not like you are loosing anything. In proportional they would get paid as soon as the next block is found... In proportional if you have a bad luck streak you get paid less. Fullstop. In SMPPS if you have a bad luck streak you might be able to recover a part. |
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SMPPS has the disadvantage that the pool can be over time arbitrarily high in dept towards it's miners. If you had a maximum of hashrate during a bad luck streak, these miners will never get paid at all.
Yes, but they would not be payed in proportional either. So its not like you are loosing anything. |
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