Ckpool Solo Setup mark 2 - An alternative

[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.

[1714686428]

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[1714686428]

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[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