Ckpool Solo Setup mark 2 - An alternative

[lovenlifelarge]

Looking for ten people to chip in 0.5 Btc each to buy time on Ck's Solo pool

10 people @ 0.5 Btc = 5.0 btc

Buy max hash from the like of westhash & point at ck's solo pool at max speed money can buy & hope to bag a coin..

I know there is someone else on here running the same thing but it seems like all there spots are full & i would like to start a second round so to speak doing the same thing..

If ur interested post ur bitcoin address in ur profile as a backup & post it here so i can get a list of ten people with bitcoin addresses & we can start up straight away!

0.5 btc for 2.5 btc return per block hit

I'm not looking to make a profit but tips for setting it up accepted... Even share for all minus fees.

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[philipma1957]

Looking for ten people to chip in 0.5 Btc each to buy time on Ck's Solo pool

10 people @ 0.5 Btc = 5.0 btc

Buy max hash from the like of westhash & point at ck's solo pool at max speed money can buy & hope to bag a coin..

I know there is someone else on here running the same thing but it seems like all there spots are full & i would like to start a second round so to speak doing the same thing..

If ur interested post ur bitcoin address in ur profile as a backup & post it here so i can get a list of ten people with bitcoin addresses & we can start up straight away!

0.5 btc for 2.5 btc return per block hit

I'm not looking to make a profit but tips for setting it up accepted... Even share for all minus fees.

I ran the other one.  I do not say no to this effort in this thread, but after forum crashed/hacked I am not doing it again.

I have security fears.

Best of luck.

[lovenlifelarge]

No worries thanks...

Anyone else interested??? I run all my btc in a dry wallet & dont really have enough to worry about so im willing to give it a go...

Anyone else?? Even if it is just for 1 or 2 rounds..

[notlist3d]

Looking for ten people to chip in 0.5 Btc each to buy time on Ck's Solo pool

10 people @ 0.5 Btc = 5.0 btc

Buy max hash from the like of westhash & point at ck's solo pool at max speed money can buy & hope to bag a coin..

I know there is someone else on here running the same thing but it seems like all there spots are full & i would like to start a second round so to speak doing the same thing..

If ur interested post ur bitcoin address in ur profile as a backup & post it here so i can get a list of ten people with bitcoin addresses & we can start up straight away!

0.5 btc for 2.5 btc return per block hit

I'm not looking to make a profit but tips for setting it up accepted... Even share for all minus fees.

I ran the other one.  I do not say no to this effort in this thread, but after forum crashed/hacked I am not doing it again.

I have security fears.

Best of luck.

I don't blame you at all.  Seeing you hit a block or even two on that one set, that is a lot to be accountable for.   A scary amount of BTC.

And it might calm down after but I predict security cautious people for a while.

[ezeminer]

I'd have to say it might  be good for group efforts to lay low for now. Maybe a couple weeks

Just because security is a huge thing

[RoadStress]

I don't blame you at all.  Seeing you hit a block or even two on that one set, that is a lot to be accountable for.   A scary amount of BTC.

And it might calm down after but I predict security cautious people for a while.

We, miners, shouldn't be afraid of big amounts of BTC 

[notlist3d]

I don't blame you at all.  Seeing you hit a block or even two on that one set, that is a lot to be accountable for.   A scary amount of BTC.

And it might calm down after but I predict security cautious people for a while.

We, miners, shouldn't be afraid of big amounts of BTC 

I cannot argue with this .  Our goal is all to have a big amount of BTC.   

But with needing access to send for each round to pay for rental, and then sending out hopefully rewards for blocks found.  That add's up quick.   It would make a decent amount of use if you repeat it over and over.

It almost would make me look into something such as trezor's or another hardware wallet for a use such as these.   I think it will be a few weeks till these run again.  I think people will be pretty careful on things for the next few weeks after this forum stuff over weekend.

[philipma1957]

I don't blame you at all.  Seeing you hit a block or even two on that one set, that is a lot to be accountable for.   A scary amount of BTC.

And it might calm down after but I predict security cautious people for a while.

We, miners, shouldn't be afraid of big amounts of BTC 

I cannot argue with this .  Our goal is all to have a big amount of BTC.   

But with needing access to send for each round to pay for rental, and then sending out hopefully rewards for blocks found.  That add's up quick.   It would make a decent amount of use if you repeat it over and over.

It almost would make me look into something such as trezor's or another hardware wallet for a use such as these.   I think it will be a few weeks till these run again.  I think people will be pretty careful on things for the next few weeks after this forum stuff over weekend.

It really seemed like a nice idea.  But if we had hit the 2 blocks like I did and still had 23 hours mining give me 2 more and I am at 100 coins.

Only 10 mine with 90 to be paid.  to 9 miners none of them had any contact with me other then this site.

As a suggestion to op make a new yahoo or gmail address  and when you get the next round going give each one the new gmail in case the site crashes. 

 You can   call it  CkpoolSoloSetupmark2@yahoo dot com

[lovenlifelarge]

If anyone is worried about this idea email me, The said security concern around this seems to be the people in the other group have popped lots of block & earned lots of coins therefore making them a target. With a little thought we can make sure this doesn't happen again. My email is at the bottom of this if u would like to keep it out of the public forum.

1. Myself

2.

3.

4.

5.

6.

7.

8.

9.

10.

9 More players required for this round.

I had an idea of when to start a round too & was thinking of running this every 2 weeks...

Start a 24 hour round on either side of the diff change depending on which side was going to be easier..

As for the email idea, i was on top of that already. My email for this is - ckpoolsolosetupmark2@gmail.com

please PM me here after u drop me an email as i dont know at this stage how often ill need to check that email address.

I'm online nearly all day every day too so i should have a better chance to run things than the other party did.

[aurel57]

If anyone is worried about this idea email me, The said security concern around this seems to be the people in the other group have popped lots of block & earned lots of coins therefore making them a target. With a little thought we can make sure this doesn't happen again. My email is at the bottom of this if u would like to keep it out of the public forum.

1. Myself

2.

3.

4.

5.

6.

7.

8.

9.

10.

9 More players required for this round.

I had an idea of when to start a round too & was thinking of running this every 2 weeks...

Start a 24 hour round on either side of the diff change depending on which side was going to be easier..

As for the email idea, i was on top of that already. My email for this is - ckpoolsolosetupmark2@gmail.com

please PM me here after u drop me an email as i dont know at this stage how often ill need to check that email address.

I'm online nearly all day every day too so i should have a better chance to run things than the other party did.

A lot of trust goes with a project like this. I approached philipma1957 about doing solo mining as a pair because i trusted him to pay me if we hit which I never had a worry that he would, so I let him hold the coins and do the setup on his Nicehash account.

[lovenlifelarge]

If anyone is worried about this idea email me, The said security concern around this seems to be the people in the other group have popped lots of block & earned lots of coins therefore making them a target. With a little thought we can make sure this doesn't happen again. My email is at the bottom of this if u would like to keep it out of the public forum.

1. Myself

2.

3.

4.

5.

6.

7.

8.

9.

10.

9 More players required for this round.

I had an idea of when to start a round too & was thinking of running this every 2 weeks...

Start a 24 hour round on either side of the diff change depending on which side was going to be easier..

As for the email idea, i was on top of that already. My email for this is - ckpoolsolosetupmark2@gmail.com

please PM me here after u drop me an email as i dont know at this stage how often ill need to check that email address.

I'm online nearly all day every day too so i should have a better chance to run things than the other party did.

A lot of trust goes with a project like this. I approached philipma1957 about doing solo mining as a pair because i trusted him to pay me if we hit which I never had a worry that he would, so I let him hold the coins and do the setup on his Nicehash account.

So then if u don't trust me to set it up lets nominate a player to run the setup!

[notlist3d]

If anyone is worried about this idea email me, The said security concern around this seems to be the people in the other group have popped lots of block & earned lots of coins therefore making them a target. With a little thought we can make sure this doesn't happen again. My email is at the bottom of this if u would like to keep it out of the public forum.

1. Myself

2.

3.

4.

5.

6.

7.

8.

9.

10.

9 More players required for this round.

I had an idea of when to start a round too & was thinking of running this every 2 weeks...

Start a 24 hour round on either side of the diff change depending on which side was going to be easier..

As for the email idea, i was on top of that already. My email for this is - ckpoolsolosetupmark2@gmail.com

please PM me here after u drop me an email as i dont know at this stage how often ill need to check that email address.

I'm online nearly all day every day too so i should have a better chance to run things than the other party did.

A lot of trust goes with a project like this. I approached philipma1957 about doing solo mining as a pair because i trusted him to pay me if we hit which I never had a worry that he would, so I let him hold the coins and do the setup on his Nicehash account.

So then if u don't trust me to set it up lets nominate a player to run the setup!

I think most are waiting currently as the recent breach still has some unknowns.   I highly suggest waiting a few weeks and I have a feeling you will get much better response.  Likely you will still need to find someone else to run it, a very very trusted member is i must with this amount of coins.

But a few weeks and would not surprise me if they are running again.

[lovenlifelarge]

Im still willing to roll with this if anyone is with me but if not philipma1957 please consider me in the next time u run this.

People need to remember that 0.5btc is not that much money to play with, Its the return that everyone seems worried about..

[supertee]

why don't you just start a skype group chat for the participating users?

[ezeminer]

why don't you just start a skype group chat for the participating users?

IP addresses. I believe if you are good at breaking into things you can grab the IP's of all participants.

Teamspeak was covered before, if you are a teamspeak server owner you can check the IP of anyone.

Many problems are just being able to track IP's back to their owners. It is more of a security issue

[supertee]

I see. Then just setup a little forum with 2 factor authentication...

[lovenlifelarge]

So far no one has come forward & said they want to join the group.

I have an email address setup so no one has to come thru this forum at all, Everyone is pointing out security risks, I believe if u just email me this would best the best for everyone.

Im not going to pass on anyones information

[ezeminer]

So far no one has come forward & said they want to join the group.

I have an email address setup so no one has to come thru this forum at all, Everyone is pointing out security risks, I believe if u just email me this would best the best for everyone.

Im not going to pass on anyones information

It isn't just that. People will not just trust someone out of the blue. Just like aurel said.

A lot of trust goes with a project like this. I approached philipma1957 about doing solo mining as a pair because i trusted him to pay me if we hit which I never had a worry that he would, so I let him hold the coins and do the setup on his Nicehash account.

That is pretty much the only reason you have to overcome now.

[notlist3d]

So far no one has come forward & said they want to join the group.

I have an email address setup so no one has to come thru this forum at all, Everyone is pointing out security risks, I believe if u just email me this would best the best for everyone.

Im not going to pass on anyones information

It isn't just that. People will not just trust someone out of the blue. Just like aurel said.

A lot of trust goes with a project like this. I approached philipma1957 about doing solo mining as a pair because i trusted him to pay me if we hit which I never had a worry that he would, so I let him hold the coins and do the setup on his Nicehash account.

That is pretty much the only reason you have to overcome now.

This is all very true.  I understand you want to run one of these, but most will not trust you.  And it's nothing personal just with this community it takes A LOT to gain trust.  You have to earn widespread trust before you will ever be able to run something like this. 

I suggest waiting a few weeks and see if someone else runs one.   I don't want to be mean just chances of people trusting you are slim.

Also I do have a referral link for nicehash/westhash.  If anyone ever does this if they sign up under me I would be able to provide some free mining time.   So if anyone does do that this keep that in mind.  With huge rentals it might be a nice bonus.   I would have to look into it more as I have not used it. But if a future group is interested I can look more in depth into it.

[aurel57]

Trust not only that the coins sent will be used to rent miners BUT that any blocks found will be paid out to the group. As Phil pointed out within mins he was responsible for 2 blocks and it could have reasonably been more before we were done.

[lovenlifelarge]

I understand that but u have to remember version 2.0 usually has a few thing taken into consideration that 1.0 hasn't...

Like i think phil had worked with ck to send the coins direct to miners for a small extra fee, Which would mean he wouldn't have to be trusted with this at all..

I'm sure in the time it takes to get 10 people on board i can have the same arrangement.

Its already in my list of things for 2.0 (Takes the worry trust things out of my hands) Problem solved..

[lovenlifelarge]

ok a few ideas out there for all to see...

1. An email address has been setup - ckpoolsolosetupmark2@gmail.com - 2fa is enabled

Please pm me me here so i can check my email as i dont know how long it will take to get enough players..

This will keep chat off this forum - Better security

2. I have emailed CK to see for an additional fee (0.5) would send all winings back to each player involved, Thus taking away the payout fear (This is pending a reply form CK of course)

3. I would suggest each player would get a new gmail account, I can then create a gmail doc with everyones details in it, Payout address - email address - btc amount chipped in for - etc

4. Rounds to be done on the diff change every fortnight, On the side which will have the lowest diff of course.
This keeps the amount of times this is done down to a min.

5. The 500th buy will be spilt into 5 x 100th units run at the same time - Maximizing the chance.

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Anyone with ref codes for purchase at nicehash / westhash are free to submit here & i will use.. We can work out some sort of payment or negotiate something for this..
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Any others suggestions??

[aurel57]

I understand that but u have to remember version 2.0 usually has a few thing taken into consideration that 1.0 hasn't...

Like i think phil had worked with ck to send the coins direct to miners for a small extra fee, Which would mean he wouldn't have to be trusted with this at all..

I'm sure in the time it takes to get 10 people on board i can have the same arrangement.

Its already in my list of things for 2.0 (Takes the worry trust things out of my hands) Problem solved..

Ck made it known that he could provide a secured wallet to mine to but also  that he was not to interested in having to pay out to a lot of miners as that just makes it seem to much like a regular pool ( also not sure he wants to spend his time doing so).  Can you pay him to make payments to 5 miners for a small fee? ...most likely but I know of at least 2 other people trying to put groups together and I would think there will be a limit on how much of this ck will wants to do. The other persons problems are trust issues and not having things very well planned out, which I don't think they understands.

Picking the right person to run something like this is important and without that the "worry and trust thing" would not stop until the rental contract and any coins due to be paid out to the group is over.

Just seems to me some are ready to just rush at it without fully thinking it thru.

[philipma1957]

I understand that but u have to remember version 2.0 usually has a few thing taken into consideration that 1.0 hasn't...

Like i think phil had worked with ck to send the coins direct to miners for a small extra fee, Which would mean he wouldn't have to be trusted with this at all..

I'm sure in the time it takes to get 10 people on board i can have the same arrangement.

Its already in my list of things for 2.0 (Takes the worry trust things out of my hands) Problem solved..

After I hit the 2 blocks in and had 50 coins.  I dished out 45 coins to 9 miners.



I made arrangement for the next round to have ck give us a mining address. And he would dish out the coins. (for an extra fee) .

  Then the forum crashed so I decided I did not want to do this anymore. I went with the quit while you are ahead method.

I know ck told me he did not want a lot of miners in the pool in each round (10 or less).  We agreed to that but never went any further due to the forum hack.







In principle the idea is nice but when you do the work it is hard.

 Part of the reason the idea worked was I never paid a lot to hash as  I sat on the  2 sites West-Nice  and paid very low rates.
BOTS are good when you sleep but when you monitor on your own it is better then the bots.
I ran 20.5 btc in 3 rounds  and 7 btc with aurel57 at first  a grand total of 27.5 coins.
I never paid more then 0.0105 a th many times as low as 0.0095 a th.  this means more hours minings giving a better chance to hit.
The biggest problem other then dealing out the coins is keeping costs down. I did this by giving a lot of free labor.

[lovenlifelarge]

aurel57 - U didnt read back enough, I did say that i had contacted ck about paying direct, Although i think phil said that ck may not want to do that...

But i did say i contacted him (Emailed Him) to see wheat his response would be & i haven't had an email either way to say yes or no at this stage..

But that would cover the payout if he does.....

If he doesn't then back to the drawing board (and newt time i have an idea ill just shut up)

[lovenlifelarge]

Guys i understand some of u were involved in the last one & some of u not.... I also understand that something went belly up with the forum here..

If u have a concern or a problem state it out - So we can all work on it together rather than just dwell on the fact the forum was hacked / hdd drive failed..

If im going wrong at points - point them out... & it doesnt matter weather ur in or out... Don't u wanna make the forum here safer, More trust worthy?

Its in everyone interests on this forum to make things safer, get rid of the scammers, Show (Outside) People that there can be trust in this system...

For without it its doomed to run low numbers...

(I'm going to generalize here)

Why does the court system work??  Cause people trust it...

Why does currency trading around the world work?? Cause people trust it??

Why does everyone seem to wanna work against each other... With the prices some people are quoting for next year everyone with as little as 1.0 btc should be doing good...

This forum was built to make things easier & safer with the community helping along the way...

Isnt it time that happens rather than everyone working against each other??

[ezeminer]

Guys i understand some of u were involved in the last one & some of u not.... I also understand that something went belly up with the forum here..

If u have a concern or a problem state it out - So we can all work on it together rather than just dwell on the fact the forum was hacked / hdd drive failed..

If im going wrong at points - point them out... & it doesnt matter weather ur in or out... Don't u wanna make the forum here safer, More trust worthy?

Its in everyone interests on this forum to make things safer, get rid of the scammers, Show (Outside) People that there can be trust in this system...

For without it its doomed to run low numbers...

(I'm going to generalize here)

Why does the court system work??  Cause people trust it...

Why does currency trading around the world work?? Cause people trust it??

Why does everyone seem to wanna work against each other... With the prices some people are quoting for next year everyone with as little as 1.0 btc should be doing good...

This forum was built to make things easier & safer with the community helping along the way...

Isnt it time that happens rather than everyone working against each other??

It is just a huge trust issue tho.. You hit a block, with other people. You then have roughly $6,000, and every accumulating blocks adds roughly $6,000.

Say -ck holds it, that's alright then. You also would have to collect funds, you were saying 500th, for a day thats roughly 5BTC (+/-) or about a $1,000.


It is mostly based on your rep here. Philip pulled it off easily because he had a long standing connection to the forum.

Ever since the forum was hacked, security is the number one issue. It has always been the same with anyone transacting with bitcoin.

I'm not trying to harsh on you, but all your examples have also been around for a while. (and proven to work for the most part)

[-ck]

There is still one phase of the trust equation here that will entrust coin to ezeminer and that's the initial rental fee being entrusted to him (say it's 5BTC). There is no way around that aspect but at the very least putting up their BTC shows some element of trust. If you only have 5 or so users I don't mind being used as escrow for the fee described. What I would suggest is the following:

We call my fee 2% since you offered 0.5 as the final extra donation. In the following example 5BTC is used to mine with.

1. Coordinate amongst yourselves who are the 5 miners to be involved - don't start the process till you know you have enough people.
2. Once you know you have enough people, each person emails me in private and in response I'll give them a unique address to send their initial funds.
3. Each person sends me their 1/5th +2% contribution so 1.02 BTC each to the unique address I gave them in (2) and emails me the transaction ID and their return/receive address which I will store and cannot be changed after this time.
4a. Once I have received all funds I'll release the mining BTC to the coordinator so 5 BTC and will keep the 2% as fee.
4b. Should not enough people get funds together I return the funds to each miner, minus the 2% from each.
5. I provide the coordinator with a mineto address.
...
profit
7. I distribute any block rewards to the addresses I personally received in private -0.4 BTC for the first block and -0.5 for 2nd and subsequent blocks.

This would be too labour intensive for more than 5 people to make it worth it.

[notlist3d]

There is still one phase of the trust equation here that will entrust coin to ezeminer and that's the initial rental fee being entrusted to him (say it's 5BTC). There is no way around that aspect but at the very least putting up their BTC shows some element of trust. If you only have 5 or so users I don't mind being used as escrow for the fee described. What I would suggest is the following:

We call my fee 2% since you offered 0.5 as the final extra donation. In the following example 5BTC is used to mine with.

1. Coordinate amongst yourselves who are the 5 miners to be involved - don't start the process till you know you have enough people.
2. Once you know you have enough people, each person emails me in private and in response I'll give them a unique address to send their initial funds.
3. Each person sends me their 1/5th +2% contribution so 1.02 BTC each to the unique address I gave them in (2) and emails me the transaction ID and their return/receive address which I will store and cannot be changed after this time.
4a. Once I have received all funds I'll release the mining BTC to the coordinator so 5 BTC and will keep the 2% as fee.
4b. Should not enough people get funds together I return the funds to each miner, minus the 2% from each.
5. I provide the coordinator with a mineto address.
...
profit
7. I distribute any block rewards to the addresses I personally received in private -0.4 BTC for the first block and -0.5 for 2nd and subsequent blocks.

This would be too labour intensive for more than 5 people to make it worth it.

What is a respectable amount that makes it worth your time for lets say 10 people instead of 5?

[-ck]

What is a respectable amount that makes it worth your time for lets say 10 people instead of 5?

I guess 4% would make it nice round figures and put it on par with mining on the current most popular PPS pool. But no more than 10 people...

[supertee]

If it's handled like this, I am in.

edit: How about two coins each?

[notlist3d]

If any big groups want to take advantage of it.  I do have a referral code to Nicehash that I would happily give half of it to big orders that would come out to be “0.075% of order amount spent” from each order.   You do have to be a new account to sign up under my referral.

For big rental's might be worth looking into.

[Mikestang]

It's a neat idea, but I'm not to crazy about the whole "group solo" mining thing.  You're basically running a pool inside a solo pool.  Since Ck doesn't seem to mind then it's a non-issue I suppose, but all in all I'm not a fan.

[aurel57]

It's a neat idea, but I'm not to crazy about the whole "group solo" mining thing.  You're basically running a pool inside a solo pool.  Since Ck doesn't seem to mind then it's a non-issue I suppose, but all in all I'm not a fan.

I do like it if you have the right people that you trust. It allows a group to size the risk to reward as you want, and have some fun doing it together. Depending on luck you can come out a nice winner (or a loser) as we have seen a few have some insane luck. But I guess for me it's a way to scratch that gambling itch some.

[notlist3d]

It's a neat idea, but I'm not to crazy about the whole "group solo" mining thing.  You're basically running a pool inside a solo pool.  Since Ck doesn't seem to mind then it's a non-issue I suppose, but all in all I'm not a fan.

Why are you against it?  I think it's a neat idea to spread the risk between people allowing more mining time.

[Mikestang]

I just don't like grouping up in a solo pool, it goes against the definition of "solo".  Basically the participants are running their own pool inside the solo pool architecture.  I ain't losing any sleep over it, though.

[philipma1957]

I just don't like grouping up in a solo pool, it goes against the definition of "solo".  Basically the participants are running their own pool inside the solo pool architecture.  I ain't losing any sleep over it, though.

well for a lot of miners summer is here.  My rates jump this monday from 13 to 16.9 cents  add in 1.1 cents for cooling and I am at 18 cents until oct 1.  this means no in house mining since an s-5 earns about 3usd in the next 50 days.

I have a small setup in a friends office 3 s-3's  at 3.5 cents.

other then this no mining for the next 4 months.   I can spend 2 coins a month for the next 4 months.  total of 8 coins I do not want to mine solo since  8 coins is meh. 

 but with 5 trusted people it becomes 40 coins  much better chance at a block or 2.

[Mikestang]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

[notlist3d]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

[page14]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

[notlist3d]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

[philipma1957]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

[notlist3d]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

When a hot coin come's up you are right it could not compete.  Nicehash has at times paid crazy good amounts.  This seems to have  slowed down though, and they seem to be around 100 or even below sometimes.

It would drive up rental prices.  So if multiple groups are running it would cut profit's for all.  So if groups are managed by different people this could be a issue.

[aurel57]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

When a hot coin come's up you are right it could not compete.  Nicehash has at times paid crazy good amounts.  This seems to have  slowed down though, and they seem to be around 100 or even below sometimes.

It would drive up rental prices.  So if multiple groups are running it would cut profit's for all.  So if groups are managed by different people this could be a issue.

Any effect on price I think is short term as most groups will be renting a large amount of hash (500-1000THS) but its only for a short while (24-48 hours). I really think the false floor that West/Nicehash is using does more to keeping prices high.

[-ck]

Hi all. I'm sorry to say I'm withdrawing my offer to manage the funds for this as an escrow. Due to personal reasons I don't want to dedicate the potential extra time and resources to do this.

[lovenlifelarge]

Hi all. I'm sorry to say I'm withdrawing my offer to manage the funds for this as an escrow. Due to personal reasons I don't want to dedicate the potential extra time and resources to do this.

Thanks -ck

Im not going to try run this anymore, It never got off the ground as too many na sayers, non believers & sercurity risk type people talking it down..

Nothing would have ever have been good enough...

If someone else wants to take it from here be my guest...

I spent a bit of time & sat down to do the math & worked what i thought would be a good idea (Not all i disclosed here for obvious reasons)

Pity.. Phil ur idea is the bomb if done well with a steady head..

Not a Gamblers head..

[philipma1957]

the forum hack really hurt the idea.

It is a good idea but sometimes good ideas fail to take off.

[notlist3d]

the forum hack really hurt the idea.

It is a good idea but sometimes good ideas fail to take off.

I would agree.  You had a pretty amazing group up and going then the hack kinda gave a lot of people a big awakening on security.

I am guessing we will see it again eventually. But I do think it will be a bit till ideas like this catch on again.

[supertee]

looks like its time to develop some app, with trusted forum members and for each "transaction" at least 3 of the forum members must accept (for a fee) the transaction so the receiver gets the bitcoins..

[notlist3d]

looks like its time to develop some app, with trusted forum members and for each "transaction" at least 3 of the forum members must accept (for a fee) the transaction so the receiver gets the bitcoins..

There are two main things that I see.  One is the bitcoin wallet.  And other one is needing a way to make 100 percent it makes it to right bitcoin address.

The first one I think cold storage is the main thing.  A well done paper wallet to hold initially and one that it mines into.  Or there are good hardware wallets at this poing aswel.  Do not want a hot wallet as it would be a lot of money to lose possibly.

The second one should be easy.  But could be a problem.  It is making sure that the bitcoin address's are for the right people that an account cannot b comprimised and address to be changed.  Chances are sigining from a bitcoin address is one good way.

But I think we will see it again in a few weeks.   The hack of forums just threw wrench in it.

[cisahasa]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

give me some update about  "Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)"
is it just a rumour or is there a proof?
im outdated about that.. if so im going to move away from west /nicehash

[philipma1957]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

give me some update about  "Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)"
is it just a rumour or is there a proof?
im outdated about that.. if so im going to move away from west /nicehash

it is possible to do that to any pool.   does it get done to west-nice hash>  I do not know and frankly This issue will never go away .  If you mine at any pool or rent from anyone this could happen does it happen?  I only know of 2 cases on 2 pools and a very unusual streak of bad luck on a third pool. 

All around march april may of 2014.

To say nice - west hash has it happen is not true or false.  it is possible.

To use nice-west hash to attack f2pool or BAN pool is possible.  Is it done right here right now as I type?  I do not know.

[macbook-air]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

Please don't do that to us. Thanks.

[WBF1]

Why would people want to attack BAN or f2pool?

[cisahasa]

Oh, I understand the whys and wherefores, it's just the principle that bugs me I guess.  But I wish you guys the best of luck, and will be following along in the various threads.

I just don't understand the difference.  It does not matter if 1 or 50 people solo mining they have the same odds of hitting a block.  And splitting cost's makes it more affordable for the "little guys".

I think we agree on best of luck to the miners though.

The difference here, is that if 1 of those 50 people find a block you still lose.
But if youre working in a team, you will win most of the time.

The odds are the same but I agree with a team it brings in more BTC to attempt it with which adds time.

Are people against "little miners" getting those rewards?  I just think good for them, I have no ill will to the groups.   Granted it would be nice the pool I am using gets the blocks I don't mind these little groups getting blocks.

I suppose the biggest issue would be it drives up rental prices due to demand.
Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)

But these issues would already happen  when hot 256 coins came up prices jump.

and anyone that hates f2pool or BAN pool can send withholding  winning hash miners through westhash and nicehash to attack  those 2 pps pools .

give me some update about  "Next issue is  people rent  miners at nicehash with an auto discard of all shares over 75 billion (ie a withholding attack)"
is it just a rumour or is there a proof?
im outdated about that.. if so im going to move away from west /nicehash

it is possible to do that to any pool.   does it get done to west-nice hash>  I do not know and frankly This issue will never go away .  If you mine at any pool or rent from anyone this could happen does it happen?  I only know of 2 cases on 2 pools and a very unusual streak of bad luck on a third pool. 

All around march april may of 2014.

To say nice - west hash has it happen is not true or false.  it is possible.

To use nice-west hash to attack f2pool or BAN pool is possible.  Is it done right here right now as I type?  I do not know.

i have done my home work now.
seems you have busted some big shits out there.
it is not about auto discard of all shares over 75 billion of shares but some % value of mined coin diff.
some assholes setup this value under the diff!!!
this means bad for alts and btc..

[Amph]

Why would people want to attack BAN or f2pool?

the only explanation would be because of the fact that there is too much competition, and they want to reduce the income of other pool, and by reducing the overall hashrate they will gain more