First a couple of corrections. Bird’s P2Pool has been spiking higher in the last few days only to fall back to longer term levels, The Blocks Factory has been suffering attrition these last couple of days, Miner’s Pool has gone to zero, while CryptoPool’s hashrate has, at best, been steady for days, if not weeks, now, as anyone mining there will attest – in fact, the number of miners has fallen from peak levels. It is incorrect to say that the other three pools have suffered as miners move to CryptoPool.

A hashrate estimate for BoostPool of 8 GH/s is greatly underestimated if you base your estimate on real DGB data and not on srcxxx’s propaganda. An 8 GH/s figure is what you get if you’re calculating the official, srcxxx’s snake oil figures, but it's not even close if you’re working with REAL data. As correctly mentioned (as though it somehow refuted what is being discussed), block discovery is running at an even rate for ALL the algos, and if we use that very real and very tangible and very verifiable data we can clearly say that if an average of 4 to 5 GH/s is finding around 20% of Groestl blocks, the other 80% has to be an average of 16 to 20 GH/s.

The math isn’t that hard to get right.

BTW, the difference between the real figures and the propaganda based figures is what srcxxx is currently taking off the top.

It’s really a modified version of the botnet strategy. The crypto botnet seeks to install miners on other people’s machines in order to essentially exploit a hashrate that the end user is unaware of. That strategy is still very much a possibility from a technical standpoint, but from a profitability standpoint, it is not. BitCoinTalk’s friendly con artist, srcxxx, has developed a slightly modified strategy which is to get people to willingly give him their hashing power, and then exploit it once he has it.

It is most certainly a server side, let me be clear, pool side, exploit in this case. All stats are hidden. The data is even “converted” into a scrypt equivalent (in the name of making things easy to understand, and for the idiots who actually buy into his scam, they might actually be dumb enough to need such “help” even if it were legit). What this does is hide the real hashrate that eventually gets channeled into his DGB wallet. (Always remember these basics to the equation: srcxxx is the developer of BOTH the miner and the pool, which means he controls what you see and what he sees . . . that is until you start following the money trail, i.e. payouts.)

Get people to send you their hashing power by offering them a little more (and periodic prizes, etc.) and then exploit that so that you double, triple, the effective hashrate over what is being reported and you pocket the difference.


NOW FOR THE REAL ISSUE FOR US:

If one person were using an unfair, proprietary, advantage to “boost” their own particular mining, there would be no issue. We’d have to call that innovation.

But, when one person uses that same unfair, proprietary, advantage to fleece unsuspecting victims, we have a problem.

From a technical, economies of scale, standpoint, one individual would have to invest a great deal of money to implement an operation of sufficient size to have any real effect on the global network.

But when one individual is massing together the cumulative hash power of many unsuspecting victims, the impact on the network is considerable, and extremely negative.

If ethics, or right and wrong, don’t mean anything to you, at least that last comment should, that is if you at least want to protect your own interests.

35 of the last 44 Groestl blocks found were found by srcxxx's pool. That's 79.55% of all Groestl blocks found in the last hour and 50 minutes.


Newly Generated Coins to:

DFkpdefR47BRfa4AU2zdEXup6aCtt9VSy7

sent to:

DDSWueUbEnw5c3kcGYpNFGm56QeBhkSvRJ

sent to:

DRykTe2nXZpSX1KytPXjvPhGfCAXb4ZBM6 (that address look familiar?)

with a Final Balance of 22,302,866 DGB now!


With rapid fire block discovery bursts as well:

183916    Sep 18, 2014 10:49:42 PM    1       205    groestl
183915    Sep 18, 2014 10:49:36 PM    3       1437    groestl
183914    Sep 18, 2014 10:49:27 PM    2       1360    groestl
183913    Sep 18, 2014 10:48:59 PM    1       205    groestl
183912    Sep 18, 2014 10:48:13 PM    4       881    groestl
183911    Sep 18, 2014 10:46:50 PM    4       1471    groestl
183910    Sep 18, 2014 10:45:50 PM   2       430    groestl


Has anyone else noticed how Miners Pool has gone to zero hashrate, Birds P2Pool is struggling, The Blocks Factory's hashrate is way down, and only CryptoPool is still holding it's own, while the network hashrate is sky high?

How is it that we allow someone with an unfair, proprietary, advantage to drive off all the honest hardworking miners? Isn't there anything we can do about this? Or should we even think it's proper to do so? Should we allow this to go on unaddressed? The trend as I see it with Groestl is that we are moving towards a "one miner", monopolized environment. On the face of it, I don't think that's necessarily a good thing, but that's only my opinion.

Other opinions, and ideas about how to deal with this, or whether we even should?

I've said similar things, but perhaps not nearly as well (as you surely know from following the thread). I couldn't agree with you more about everything you said, especially the point you make about what we should really be concentrating our efforts on, and your point regarding the community: you get the sense that there are real people (who actually use their brains) behind the messages here!


(Not that there aren't in other coins' communities, just that they're not all that easy to find.)

That's right. There needs to be a block found before there's a payout . . . and if you're the only one mining (virtual solo mining as it would be), then the entire block reward is yours! The flip side is that it might be a while before you hit pay dirt.

Great job you've been doing with your pools Bird. Excellent work.

And now, the real reason for this post: you know, my only problem with Qubit is that my cards heat up quite a bit; the energy consumption doesn't budge from the optimized myriad-groestl level, but the cards heat up a bunch and my fan speeds hit 70% or so to keep them at their 80º target. What's your experience?

Those are 24 hour graphs.

Long time no see fredeq. How's it going with you?

DigiByte has gone multi-algo: https://bitcointalk.org/index.php?topic=408268.0

Surely an interest generator at very least for WhatToMine, and, at best, a very hot coin that might even interest you (to even be buying on the open market).

They stepped up to the plate and really turned things around. I think DGB is going to be one of the few big winners long term.

Hope all is well, and take care.

I'm starting to learn (trying to anyway) about the minting process, and, more importantly, coin control use. I've found a HoboNickles wiki, basic stuff on YACoin, etc., but I find the information I've found to be rather scant. For example, is there a way to combine blocks of coins within the wallet, or do they actually need to be sent to another address to do that?

Anyone know of a definitive HOW TO on Coin Control?

And this market is looking very healthy! 

I'm sooooooo tempted to go after another batch right now, and forget about waiting until January . . .

 

I was doing the math comparing sample current payout figures with their reported hashrates (not estimated network hashrates), and my conclusion was that DGB is trading in the market for about half of what it costs to mine, regardless of whether you’re using GPU or ASIS (in fact, SHA-256 is the most costly to mine), and that's only considering electricity operating costs and says nothing about ROI on hardware investment.

If you can directly buy DGB for half of what it costs to mine, then why not just directly buy DigiByte on the open market? The logical extension of that question is why not turn off all of your mining rigs (and save them) while buying at half the cost from others who are burning their rigs up?

I could shut off my mining and take the same money I’m using to pay my electric bill to BUY TWICE AS MUCH as I could mine with that same budget!

However, I’m a long term nut and can’t bring myself to shut down (that being said, none of my rigs are stressing, and they’re all running cool and efficient with a life expectancy of many years).

Nevertheless, I can “double” my production, ACTUALLY TRIPLE, or more (at 19, where I first bought, the figures were even better still) by simply buying in the open market with the money I’d have used to pay electricity and without any new hardware investment at all! Double my budget to expand production, but instead of using that money to pay for electricity, buy direct, and get twice as much as I would have by mining! That’s fantastic!

That’s what I’m doing. I “expanded” my mining budget by doubling the amount to be spent and took 4 months worth of that new money available for mining, bought BTC with fiat  (and BTC is cheap right now as well), and then simply bought DGB and got 8 MONTHS WORTH in the process! And got it now!

I really need to shut my rigs down for a few months and just buy, but liquidity is a problem – there isn’t much on the market to buy at these prices and you’ve got to be patient, very patient – and who knows how long sellers will be willing to sell at a loss (one thing’s for sure, things wear out, and as their mining capacity slowly goes off-line, I doubt very much they’ll be re-investing). I'll keep mining anyway, just to keep the rigs occupied and out of trouble but if the math continues to justify it, you can count on me being back in January with another multi-month purchase. 

Somebody just ran the stack again buying up everything from 27-32 and pretty much destroying that sell wall YC originally mentioned.

Aggressive buying.

I'm going to be left behind. ;(

It's more spread out on Cryptsy. Around 5 million DGB from 27-33. Some of that should lower, and some should end up selling into the bid.

The bids have risen as well. About 1 BTC at 23-24 on MintPal, another 1 BTC from 19-22, one more BTC from 14-18, with not much more below. That could always be overwhelmed by sellers and could be reason to put in a "stink bid" (ridiculously low) just in case you might get lucky.

It's a very similar picture on Cryptsy with 22-23 and 19-21 being the 1 BTC ranges and 13-18 just a bit over 1 BTC, and with 5 million DGB being offered from 27-33.

Got a real battle brewing.

Pick your price and get your bid in!

There's a very aggressive buyer on MintPal who has bought up the offer stack on three occasions in the last 5 or so hours.

One individual buy order ate up the entire stack from 21 to 27, then another from 22 to 30 and the last was from 24 to 30 on the last run. That's one order each time that buys everything in the range. All trades on those runs have the same time stamp if you want to look at it yourself.

Only one similiar looking buy on Crypsty, with pressure on the sell side for the last hour or so.


Patience grasshopper.

I was just going to reply by telling you that I have it on good authority that competent and capable people are working on a cleaned up version as we speak, and to also refer you to this from pallas ( https://bitcointalk.org/index.php?topic=683317.msg8782799#msg8782799 ), and to say that it's only a matter of time, and voulá, Litejavichu posts his version just above!!!

Two more outright lies. When are you just going to give up on your impossible defense? You yourself later admitted that the second account is where you send your "rather high" and "hidden" fee (your words). Are you bi-polar, or just a moron? (And I do think such words are appropriate given the extremely high level of illogical insistence on putting your foot in your mouth by someone with the intelligence to make the modifications to sgminer that you did, but there's just no getting through to you!) The day you come clean, I'll happily retract.

lie  verb \ˈlī\  http://www.merriam-webster.com/dictionary/lie

lied ly·ing

Definition of LIE

intransitive verb

1:  to make an untrue statement with intent to deceive

2:  to create a false or misleading impression

(BTW, my list of examples is the short list.)


I'm not even going to bother answering everything you said point by point mainly because I don't want to waste my time repeating myself to someone who surely understands everything that's been said multiple times now but is doing everything he possibly can to try and dig himself out of a hole that he's actually digging deeper, other than to say, that with regards to professionalism, you're cluttering (to not say dribbling).

pallas,

You should open source it and then ask for donations like everyone else does with open source programs they develop.

Put your name on it, get some donations, and, more importantly, get a good name for yourself and continue to progress.

The most important part of that is the good name for yourself. If people see you've done a good job, not only will they donate, but they'll also start working with you. Think about it. It works for honest hardworking folks all the time.

Best of luck with whatever you decide.

Too bad you don't have the courage to leave the post up so that everyone can see that you're right in what you say.

Do you have problems reading? Your quote is in italics with a link just below my conclusion.

You also said in that same post:

"Hi HR!

Your calculations and assumptions are not correct."
https://bitcointalk.org/index.php?topic=408268.msg8676317#msg8676317

That was your official story line until the facts made it impossible for you to continue with that without looking like a fool.

That's what we call lying.

You're a fraud, we know it, and nothing you can say could change that (given your track record, there is just zero credibility to your words - and what with the AV alerts your modified miner gives . . .). Do yourself a favor and give it up and go away.

I think I hear your mother calling.

Posted here. https://bitcointalk.org/index.php?topic=572379.msg8772631#msg8772631

Looking forward to hearing back from you.

He's everything anyone ever wanted to call somebody, running the gambit from scammer, to loser, to buffoon.

In his original reply to my revealing his 20% skimming off the top of his DGB mining pool, he said:

"But since you are so eager to figure this mystery out, I'll give you a hint: perhaps this account belongs to some exchange, like Cryptsy? And perhaps, it's just how the exchange's software logic stores the money?"

As we all know all too well by now, that was an outright lie. He lied. (If he's done it once . . .)

So, we can also call him a liar.
https://bitcointalk.org/index.php?topic=408268.msg8676317#msg8676317

Now he's openly admitting to being a price manipulator.


Truth is I don't think there's one word that accurately describes the guy, other than possibly 'moron', because that's what it takes to be so openly fraudulent.

Fraud would be another great one.

Do you think BitCoinTalk admin needs to be alerted to this?

And don't we have a way to block his IP?

I think you confuse impolite with direct. My wife and I received 495 SPA each in the first stage, and 1980 in the second stage (to further detail and elaborate on the pertinent data already proportioned in my original post). If that's all that's been distributed to date, then I stand corrected. On the other hand, if more SPA were to be distributed in stage 3, then we haven't received anything. Pretty simple, and direct, and polite.

To be honest, and to continue to be very direct, what would stage 3 be about if not to distribute more SPA? But, as it is that I'd scoured the blog, and this thread, top to bottom and hadn't been able to find anything specific regarding the distribution amounts for each phase, I wasn't sure.

To be sure I correctly understand you, Spaniards are supposed to receive nothing more in stage 3, and 2475 SPA is all they're going to get? Now that you've said it, it seems clear, but unbelievable. One takes for granted that "stage" = "distribution" and not catch-up. After all, why different distribution phases if to not distribute more?

Like I said originally, our addresses were not necessary to clear this up. Clear concise information does the trick.

I'll save further questions for later after hearing back from you with confirmation that no-one will receive anything more than 2475 SPA, ever.