Isn't this a serious issue?
if you don't trust a pool-operator, don't use the pool. it just takes a few seconds to switch to another pool, or solo-mining. You make it sound like I'm spoiling the party or something when I'm only questioning the security of the network that could be threaten by pools. Relying on "the right people" to harness all that cpu power is a bit of a hole in security, don't you think? |
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Could pools get so big that one pool could have enough hashing speed to actually compromise the network? in theory, yes. In theory?! Are you sure it's not just in theory? Isn't this a serious issue? |
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Not sure I understand what you mean by compromising the network.
Well say that people join a pool that's being run on a server that belongs to someone who want's to attack the network and compromise the chain with fake transactions. I read countless of times on these forums and in the wiki that something like is impossible because someone would need a cpu power to match at least 50% of the rest of the network. Well isn't that what a pool is? Basically a server with the power of loads and loads of CPUs combined? |
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Could pools get so big that the difficulty gets so high that not being in a pool even if you have 4 GPUs of your own wont be worth mining anymore unless you also join a pool?
Could pools get so big that one pool could have enough hashing speed to actually compromise the network?
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I would be pleased if [Tycho]'s pool stayed right around 30-35Ghash  Why ?  I imagine because with more the proportional share gets smaller and smaller for those with high speed hashing. |
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Do you really expect them to have a positive attitude towards an invention that could potentially seriously compromise their market share of facilitating transactions between people and loose all those fees they collect? I sure hope not.
They're going to fight BitCoins with teeth and nails so the best thing we can do is to just ignore them because they are irrelevant and find other ways of spreading awareness(youtube, facbook, twitter other media).
If there's value to the market to use BitCoins, the market will use BitCoins. The most important thing we can and must do is give the market a chance to learn about it.
p.s.: I only just learned about BitCoins on Saturday and had previously no clue something like this was invented and I think it's the greatest thing I ever learned about in terms of money inventions.
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[Tycho] I don't know if you mentioned this before but are you going to limit to how many users can participate in the pool?
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no,
on pools you work on easy hashes,
means say the current requirement is for 14 leading zeros in the hash to solve a block, you are trying to find hashes with say at least 3 leading zeros.
you'll find and submit hashes with 3,4,5,6,7,8,9..... leading zeros (which all get you a share in the pool) and every once in a while someone finds a hash with the required 14 leading zeros and bang, pool gets the block, everyones happy.
Question: Can we run out of difficulty? |
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Hey, it seems like it does work: $ ./DiabloMiner-OSX.sh -u […] -p […] -o deepbit.net -r 8332 -g 5
[02/03/11 19:27:41] Started
[02/03/11 19:27:43] Added GeForce 320M (#1) (6 CU, local work size of 64)
4346/5078 khash/sec But there is no info on the website. Last Share is still at "01.01 00:00:00" And the average speed is still at "0.00 MH/s". Am I doing something wrong? My speed is ~4MH/s and I found 13 shares in the last 4 hours. That's will translate to around 0.6 BTC a day |
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What Nefario was getting at in short is that this movie is a blatant misdirection of blame from the actual cause of the problem to merely the symptoms of the problem and to top it off it provides a wrong or non solution. Text book definition of a controlled opposition if you ask me.  |
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Question: Was it anywhere explained what the difference is between Pay-per-Share and proportional pay and why a share is fixed?
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Yep, just found my first one!  Thank you very much to everyone who helped me out with this! |
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Driver updated, got the miner running but the status bar says:
Shares: 0 accepted, 0 stale/invalid 4Mhash/s
Is this how it's suppose to read? Do I need to use any flags?
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Too late for that now |
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ugh I soo do not want to update my driver and potentially fk something up and then having the trouble of trying to reverse back to an old version which I don't even remember anymore where I got |
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When I try to run guiminer.exe on my inspiron1520 dell laptop I get this error: "Couldn't find any OpenCL devices." From guiminer.exe.log: Exception TypeErrorERROR:root:Exception:
Traceback (most recent call last):
File "guiminer.py", line 836, in <module>
File "guiminer.py", line 518, in __init__
SystemExit: 1
ERROR:root:Exception:
Traceback (most recent call last):
File "guiminer.py", line 836, in <module>
File "guiminer.py", line 518, in __init__
SystemExit: 1
Could anyone tell me what I need to do and if my laptop is just too weak to even bother? |
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Man anarchy at work so beautiful to watch. This thread is a prime example of individuals throwing out ideas how to do commerce between one another and none of them having the ability to force their idea upon the rest instead it's all on a voluntary bases and people vote for ideas they like with their BitCoins.
I love it.
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I already have a really good idea how to provide an anonymous exchange. I'm just waiting on a friend to have some time so we can start building.
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