Some of the questions I see above are out of context. But I'll try my best to clear up the confusion...
1. Solar powered mining does not mean our mining firm is 100% solar powered. But sun light has a % of contribution in running not only our mining machines, but also some of our office appliances. This helps us in saving a % of power cost. This is a nice read regarding this
http://blog.cex.io/solar-bitcoin-mining/. If anyone is interested, please go through it.
2. As we have stated before in other posts as well, we have not purchased mining power at any other so-called cloud mining company. We run our own mining facility and thereby able to allocate mining power to our investors as cloud. When investment gets added to an investor's portfolio, his mining power increases. There is an internal mapping for that.
3. We used to mine at multiple pools and have
modified our software for a certain tweak to increase the chance of winning hashes. When we find a hash at some big pool, we dont submit it there. Rather we take it to a smaller pool where our hashing ratio is high. This improvised method has given us better return than usual and with increasing hash power its effectiveness is growing as well. That is why, we dont want to back out from the mining business. Rather finding a way to stay afloat even below 500.
You realize that you're willfully admitting to performing block withholding attacks? That's not a software tweak. That's theft.
Welcome to capitalism.
I'm not entirely sure what you're implying here. I wrote "Welcome to capitalism" in the context of a completely different discussion. In that discussion, the original poster was complaining that it wasn't fair that hardware manufacturers were also using their own equipment to mine.
Here, the original poster has admitted to altering the mining software to not submit potential block-solving hashes at the pool on which they are found, but rather re-submitting them on another pool.
Quite frankly, I'm not sure the poster is actually able to accomplish what he's stated. However, if he somehow has indeed figured out a way to cheat the system, then he's committing theft. Think about what he's saying he can do:
1) Mine on pool A, with 25% of the pool's total hashing power. Assuming no fees and straight PPS, he'd get 6.25
BTC from solving the block.
2) Mine on pool B, with 75% of the pool's total hashing power. Assuming no fees and straight PPS, he'd get 18.75
BTC from solving the block.
3) He finds a share on pool A that would solve the block, but somehow transfers that to pool B.
4) He's still going to get paid by pool A if some other miner on pool A solves a block.
I don't believe point 3 is possible, but that is what he's claiming he's doing. If he truly is, then he's performing a block withholding attack on pool A and then getting a larger payout than he deserves from pool B.
The concept of pool is originally against Satoshi's idea of decentralization. Pool owners did it for sheer profit and u find that OK. U say ASIC miner manufacturers are mining themselves is a Capitalist feature. And when someone perform block withholding attack... u find it stealing ?
Wake up buddy. Block withholding practice is now spreading among miners like wildfire. There is a good side of it. People will lose faith on pools with time and the mining will be de-centralized again. Be dynamic. Accept the change.
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