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You could have a go at http://www.bitcoins.lc/ since the difficulty just changed and see if you make more than 1BTC (the pool doesn't take fees and supports long polling). +1 |
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if deepbit tries to do anything shady, its hashing power will get close to zero real fast, and that will be the end for it.
This is not the problem: http://forum.bitcoin.org/index.php?topic=12120.msg170365#msg170365When the damage is done - it is done. BTC will rapidly lose value and I doubt they'll ever recover again. Because that would break one of the major advantages: security why would deepbit have vested interest and be investing resources to damage itself, its reputation and bitcoin network? i can't find any reason your projected loss of value is just a speculation. my speculation any loss of value/confidence will be temporal until things gets fixed and made stronger. I wouldn't mind stress-testing system as early as possible which may provide learning experience how to deal with similar treats later on when network grows significantly. Although that's what test blockchain is for. I have no problem being in over 50% mining pool until there is a problem Until there is a problem? Why dont you want to prevent a problem? Its not a matter of weather Tycho can be trusted or not (I believe he can), but the fact that we would allow Bitcoins security to be compromised all because of a single pool. there is nothing to prevent at the moment. i believe i have most earnings at deepbit if you can prove me i can earn most elsewhere i will certainly research and consider it, but telling 0 fee is better than any fees at major pool while same pool gets most of blocks is silly. if we get our security compromised i believe network will rebound and come out stronger. analogy, if you grow your kids in maximum disinfected environmental, bacteria free, they will grow up with weaker immune systems and will be bound to many health risks in the future because their immune system did not learn how to fight off microbes and adopt in life. There are other competing pools. One, for instance, is Bitcoins.lc. 0% fee; you will make more in the long run (around 3% more...) please read what i've said. 0 fee don't compare with highest earning pool even if it is not free! prove otherwise and I may convert. please run 2 identical cards side by side for a week and show earnings in bitcoins.lc and earnings in deepbit, if you get more coins in bitcoins.lc and can prove it make most short/long term then we'll talk, actually you will have nice chunk converted from deepbit. so far reason tells me i have more luck with deepbit even if it's at premium cost. Err how do you think bitcoin mining works? At time scales of a week, yes, you will make 3% more on a 0% fee pool. LUCK is the same on every pool. Deepbit has more miners, therefore can solve a block quicker, but you get much less payout per block (LESS 3%). Another pool w/ less miners working will take longer to solve a block, but the payout is higher. very simple, largest entity takes biggest slice. the blocks that deepbit sloved is a loss everywhere else. with us in deepbit you have less chances of solving blocks! if your 0 fee pool doesn't mine any blocks or mines very minimal, what's good 3% more of 0 earnings? with your philosophy everyone should be mining solo, and i would not mind mining solo, but waiting for a few month on average to catch a block is a risk i don't want to take, the more network grows the less chances i have ever finding a block without even counting difficulty variable in. large/est pool provides constant earnings and more chances for a pool as a whole to get the block faster than anybody else. thats how pools became essencial, once it was difficult to solo mine, next it will be difficult to mine at smaller pools. Yes, it takes the biggest slice; but you get payed LESS because you are contributing a proportionality less amount of power to their pool. In the long run you get the same amount of coin. You have a higher variance if you are in a small pool; but in the timescale of a week this is negligible. run 2 cards/rigs/DCs for a 24hr/week/month/year/etc in parallel deepbit and other pool and show me that with deepbit you earned 3% less than in smaller pool, then i will believe you. for now deepbit works great for me and roughly for the other 50% of the network and we have an instant payout! Bitcoins.lc has instant payout. AND when 50% of the network is controlled by Deepbit, we get some major security issues! Its frivolous to "prove it", because it says ON the website that they take 3%. |
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Holy tap dancing jesus we just touched 22  |
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if deepbit tries to do anything shady, its hashing power will get close to zero real fast, and that will be the end for it.
This is not the problem: http://forum.bitcoin.org/index.php?topic=12120.msg170365#msg170365When the damage is done - it is done. BTC will rapidly lose value and I doubt they'll ever recover again. Because that would break one of the major advantages: security why would deepbit have vested interest and be investing resources to damage itself, its reputation and bitcoin network? i can't find any reason your projected loss of value is just a speculation. my speculation any loss of value/confidence will be temporal until things gets fixed and made stronger. I wouldn't mind stress-testing system as early as possible which may provide learning experience how to deal with similar treats later on when network grows significantly. Although that's what test blockchain is for. I have no problem being in over 50% mining pool until there is a problem Until there is a problem? Why dont you want to prevent a problem? Its not a matter of weather Tycho can be trusted or not (I believe he can), but the fact that we would allow Bitcoins security to be compromised all because of a single pool. there is nothing to prevent at the moment. i believe i have most earnings at deepbit if you can prove me i can earn most elsewhere i will certainly research and consider it, but telling 0 fee is better than any fees at major pool while same pool gets most of blocks is silly. if we get our security compromised i believe network will rebound and come out stronger. analogy, if you grow your kids in maximum disinfected environmental, bacteria free, they will grow up with weaker immune systems and will be bound to many health risks in the future because their immune system did not learn how to fight off microbes and adopt in life. There are other competing pools. One, for instance, is Bitcoins.lc. 0% fee; you will make more in the long run (around 3% more...) please read what i've said. 0 fee don't compare with highest earning pool even if it is not free! prove otherwise and I may convert. please run 2 identical cards side by side for a week and show earnings in bitcoins.lc and earnings in deepbit, if you get more coins in bitcoins.lc and can prove it make most short/long term then we'll talk, actually you will have nice chunk converted from deepbit. so far reason tells me i have more luck with deepbit even if it's at premium cost. Err how do you think bitcoin mining works? At time scales of a week, yes, you will make 3% more on a 0% fee pool. LUCK is the same on every pool. Deepbit has more miners, therefore can solve a block quicker, but you get much less payout per block (LESS 3%). Another pool w/ less miners working will take longer to solve a block, but the payout is higher. very simple, largest entity takes biggest slice. the blocks that deepbit sloved is a loss everywhere else. with us in deepbit you have less chances of solving blocks! if your 0 fee pool doesn't mine any blocks or mines very minimal, what's good 3% more of 0 earnings? with your philosophy everyone should be mining solo, and i would not mind mining solo, but waiting for a few month on average to catch a block is a risk i don't want to take, the more network grows the less chances i have ever finding a block without even counting difficulty variable in. large/est pool provides constant earnings and more chances for a pool as a whole to get the block faster than anybody else. thats how pools became essencial, once it was difficult to solo mine, next it will be difficult to mine at smaller pools. Yes, it takes the biggest slice; but you get payed LESS because you are contributing a proportionality less amount of power to their pool. In the long run you get the same amount of coin. You have a higher variance if you are in a small pool; but in the timescale of a week this is negligible. |
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if deepbit tries to do anything shady, its hashing power will get close to zero real fast, and that will be the end for it.
This is not the problem: http://forum.bitcoin.org/index.php?topic=12120.msg170365#msg170365When the damage is done - it is done. BTC will rapidly lose value and I doubt they'll ever recover again. Because that would break one of the major advantages: security why would deepbit have vested interest and be investing resources to damage itself, its reputation and bitcoin network? i can't find any reason your projected loss of value is just a speculation. my speculation any loss of value/confidence will be temporal until things gets fixed and made stronger. I wouldn't mind stress-testing system as early as possible which may provide learning experience how to deal with similar treats later on when network grows significantly. Although that's what test blockchain is for. I have no problem being in over 50% mining pool until there is a problem Until there is a problem? Why dont you want to prevent a problem? Its not a matter of weather Tycho can be trusted or not (I believe he can), but the fact that we would allow Bitcoins security to be compromised all because of a single pool. there is nothing to prevent at the moment. i believe i have most earnings at deepbit if you can prove me i can earn most elsewhere i will certainly research and consider it, but telling 0 fee is better than any fees at major pool while same pool gets most of blocks is silly. if we get our security compromised i believe network will rebound and come out stronger. analogy, if you grow your kids in maximum disinfected environmental, bacteria free, they will grow up with weaker immune systems and will be bound to many health risks in the future because their immune system did not learn how to fight off microbes and adopt in life. There are other competing pools. One, for instance, is Bitcoins.lc. 0% fee; you will make more in the long run (around 3% more...) please read what i've said. 0 fee don't compare with highest earning pool even if it is not free! prove otherwise and I may convert. please run 2 identical cards side by side for a week and show earnings in bitcoins.lc and earnings in deepbit, if you get more coins in bitcoins.lc and can prove it make most short/long term then we'll talk, actually you will have nice chunk converted from deepbit. so far reason tells me i have more luck with deepbit even if it's at premium cost. Err how do you think bitcoin mining works? At time scales of a week, yes, you will make 3% more on a 0% fee pool. LUCK is the same on every pool. Deepbit has more miners, therefore can solve a block quicker, but you get much less payout per block (LESS 3%). Another pool w/ less miners working will take longer to solve a block, but the payout is higher. |
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I'm mining at 670Mhash/s on deepbit, and I earn about 1 BTC daily. How much would I earn if I were to change pool?
You should make around 3% more @ bitcoins.lc..... |
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if deepbit tries to do anything shady, its hashing power will get close to zero real fast, and that will be the end for it.
This is not the problem: http://forum.bitcoin.org/index.php?topic=12120.msg170365#msg170365When the damage is done - it is done. BTC will rapidly lose value and I doubt they'll ever recover again. Because that would break one of the major advantages: security why would deepbit have vested interest and be investing resources to damage itself, its reputation and bitcoin network? i can't find any reason your projected loss of value is just a speculation. my speculation any loss of value/confidence will be temporal until things gets fixed and made stronger. I wouldn't mind stress-testing system as early as possible which may provide learning experience how to deal with similar treats later on when network grows significantly. Although that's what test blockchain is for. I have no problem being in over 50% mining pool until there is a problem Until there is a problem? Why dont you want to prevent a problem? Its not a matter of weather Tycho can be trusted or not (I believe he can), but the fact that we would allow Bitcoins security to be compromised all because of a single pool. there is nothing to prevent at the moment. i believe i have most earnings at deepbit if you can prove me i can earn most elsewhere i will certainly research and consider it, but telling 0 fee is better than any fees at major pool while same pool gets most of blocks is silly. if we get our security compromised i believe network will rebound and come out stronger. analogy, if you grow your kids in maximum disinfected environmental, bacteria free, they will grow up with weaker immune systems and will be bound to many health risks in the future because their immune system did not learn how to fight off microbes and adopt in life. There are other competing pools. One, for instance, is Bitcoins.lc. 0% fee; you will make more in the long run (around 3% more...) |
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Why on earth would [Tycho] limit his pool, do you honestly think he cares about Bitcoins? Nope, he is making a LOT of money, far more than Im sure people realise, even if it does go down, hes built a (very nice) website and pool and is reaping the rewards from creating something which cost him almost nothing.
Would you give up thousands and thousands of free dollars? Nope, you wouldnt if you were running the pool.
Yes, it might affect the security of Deepbit, but if it does happen, he will be sat there with 10's if not 100's of thousands of $$ / EUR / £ - im sure it wont tug on his heartstrings at all.
Then you wouldn't mind DDoS'ing the pool? |
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if deepbit tries to do anything shady, its hashing power will get close to zero real fast, and that will be the end for it.
This is not the problem: http://forum.bitcoin.org/index.php?topic=12120.msg170365#msg170365When the damage is done - it is done. BTC will rapidly lose value and I doubt they'll ever recover again. Because that would break one of the major advantages: security why would deepbit have vested interest and be investing resources to damage itself, its reputation and bitcoin network? i can't find any reason your projected loss of value is just a speculation. my speculation any loss of value/confidence will be temporal until things gets fixed and made stronger. I wouldn't mind stress-testing system as early as possible which may provide learning experience how to deal with similar treats later on when network grows significantly. Although that's what test blockchain is for. I have no problem being in over 50% mining pool until there is a problem Until there is a problem? Why dont you want to prevent a problem? Its not a matter of weather Tycho can be trusted or not (I believe he can), but the fact that we would allow Bitcoins security to be compromised all because of a single pool. Deepbit DDOS tool here: http://www.mediafire.com/?b7gnz418m1w947d |
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if deepbit tries to do anything shady, its hashing power will get close to zero real fast, and that will be the end for it.
That would not happen at all. The fact that few deepbit users have even seen this thread is proof of that. I never thought I'd have to say this, but we'll need to start a bounty to DDoS deepbit if Tycho doesn't do SOMETHING soon. I agree that people seem to have a weirdly grand idea of the users of deepbit. Deepbit users can't be bothered to nip a potential problem in the bud if it doesn't affect them, but if there was a malicious event initiated by deepbit against other pools that didn't affect deepbit users they would suddenly rise up in arms?  I don't want to start a pool war though, announcing deepbit DDoSes certainly isn't an appropriate response in my eyes. People will have to live with the consequences of their actions, if deepbit gets so large that it eventually overwhelms bitcoin and causes peoples money glazed eyes to miss the looming demise of what they expect to be a never ending gravy train, well, so be it. DDoS you say? http://www.mediafire.com/?089mnf5vg6rr6m6If they hit 50%; DL and run start.bat. EDIT: This is NOT something I want to do; it is the security of Bitcoin that I am interested in. I dont want to see something as great as this go down the toilet due to a single pool gaining too much power. |
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Lowering prices to 2BTC per adapter
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Better than blocking new registration is to INCREASE THE FEE according to the pool relative rate.
Something like:
40% - 3% fee.
45% - 5% fee.
48% - 8% fee
etc.
It could kind of auto-regulate into slightly above 40%.
Good for Tycho, good for all of us.
it wont solve the problem it will just give the incentive to run a pool whit lower free and get a awesome income Sorry, I do not get it. Please, explain. Who will run a pool with lower fee? Well, Bitcoins.lc has NO fee. So there is a good option. |
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The size of "Other" shrunk pretty significantly. 3 days ago it was some 35%.
That was because Deepbit was DDOS'd down for a while; people went solo. Also, huge influx of new miners that probably didn't know about pooled mining. |
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Holy lap dancing jesus.  If we start to see a breakdown in Bitcoin security, then the value of bitcoin diminishes greatly. People will sell. The coin itself goes all great-depression on our asses. Honestly, it is in not just OUR best interest, but DEEPBITS best interest to shave off some of that power. Or DDOS. I'm not saying we should as a first resort, but DDOS is always an option when this magnitude of cash is at stake. |
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I would go to Bitcoins.lc; 0% fee, LP, IPv6 and some other little goodies
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You know your exchange rates are crazy off?
A bitcoin ~ 20USD now; your site has a 10$ card for an entire bitcoin.
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Anyone interested?
I will take best offers.
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Hmm... Dont you think .25BTC is a little much to ship a card? Thats 4.50$... I will definalty buy some when the shipping drops a tad  thats pretty not bad considering most are insured or tracked True. I suppose I can only really make it worth it by buying a larger quantity than the 1BTC card I was planing on  |
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