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Author Topic: what the hell ever happened to deepbit?  (Read 4999 times)
K1773R
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October 18, 2012, 02:41:20 PM
 #41


o how the mighty have fallen.



seriously. wtf happened?

they went from over 50% to like 2% of the hash rate.
people finally understood deepbit is a rip-off. hard but true Wink

I wouldn't call using the most reliable pool, which one can use unattended with complete confidence, a "rip-off".  I pay higher fees/contributions at the other pools I use.  And I don't, particularly, have a problem with hoppers.  If I did have a problem with hoppers I would hop myself to offset the loss, which anyone can do if they want to put forth the time and effort.  0 fee pools are a rip-off if you ask me.  You just can't get something for nothing, no way to get around that fact, learn it, live it, know it!
Sam
Hello

Let's speak about p2pool. No fees, you also receive transaction fees, it's the most reliable pool, it's totally safe and it is never down.

 Wink
marketing infested ppls dont understand OSS :S

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October 18, 2012, 05:18:22 PM
 #42


o how the mighty have fallen.



seriously. wtf happened?

they went from over 50% to like 2% of the hash rate.
people finally understood deepbit is a rip-off. hard but true Wink

I wouldn't call using the most reliable pool, which one can use unattended with complete confidence, a "rip-off".  I pay higher fees/contributions at the other pools I use.  And I don't, particularly, have a problem with hoppers.  If I did have a problem with hoppers I would hop myself to offset the loss, which anyone can do if they want to put forth the time and effort.  0 fee pools are a rip-off if you ask me.  You just can't get something for nothing, no way to get around that fact, learn it, live it, know it!
Sam
Hello

Let's speak about p2pool. No fees, you also receive transaction fees, it's the most reliable pool, it's totally safe and it is never down.

 Wink
marketing infested ppls dont understand OSS :S

I understand Open Source Software just fine.  You have the WRONG impression of what the Free part of that equation means.  It does NOT refer to monetary value, it refers to the FREEDOM to modify the software to your needs.
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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October 18, 2012, 06:21:07 PM
 #43

read my other post with the #DEFINE

to make it short, high fee is ok for a small pool for private income and server costs and co.
atlough deepbit isnt little, hes earning money like shit.

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October 18, 2012, 06:40:07 PM
 #44

read my other post with the #DEFINE

to make it short, high fee is ok for a small pool for private income and server costs and co.
atlough deepbit isnt little, hes earning money like shit.

And what is wrong with making money?

And where is your proof that he is making money like s__t or not?

And what business is it of yours how much, if any, profit any pool is making?

And what does running a business have to do with Open Source Software??

And I guess I missed the part where you were elected to be the pool fee police Smiley
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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October 18, 2012, 07:22:14 PM
 #45

nothing
proof = basic math based (fees and produced blocks)
none
nothing

a good note, taking offtopic stuff and merging it creates bullshit, as you have seen!
if you dont know what a rip-off is then im sry 4 u, but fact is:
Quote
A ripoff (or rip-off) is a bad financial transaction. Usually it refers to an incident in which a person is overcharged for something, or receives goods or services not of the standard expected for the price. A ripoff is usually distinguished from a scam in that a scam involves wrongdoing such as fraud; a ripoff may be considered excessive, but not illegal.
(http://en.wikipedia.org/wiki/Ripoff)
this matches to deepbit according to the stats (fees, blocks produced, hashing speed) and therefor this just got proven it really is a rip-off.
so by trying to argue a way around the main thing, u just helped me proving it.

ty and have a nice day Tongue

PS: you take it way to serious, if you cant life with harsh/hard things its not my problem.

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os2sam
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October 18, 2012, 07:27:13 PM
 #46

nothing
proof = basic math based (fees and produced blocks)
none
nothing

Glad to see we agree, finally, about something anyway. Smiley
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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October 18, 2012, 07:30:52 PM
 #47

i never said we dont Wink
as stated before, ripoff just means being overcharged, which fits for deepbit. all i said is that deepbit is a ripoff, not a scam or w/e Wink

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October 18, 2012, 08:30:42 PM
 #48


Honestly, for me, the "nail in the coffin" against DeepBit was about the time SatoshiDice started up, and it brought to light that Deepbit was refusing to include both '0% fee' transactions, and transactions below a certain transaction fee threshold.

At the time, they were a large percentage of the network, and their refusal to process transactions created, in some cases, 12+hour delays to get normal (paid) transactions confirmed.

I posted my opinion, deepbit responded, and I don't mine there any more.

https://bitcointalk.org/index.php?topic=3889.msg949717#msg949717

https://bitcointalk.org/index.php?topic=86129.msg985972#msg985972

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October 18, 2012, 08:36:19 PM
 #49

and just another proof that deepbit is a ripoff Wink hes just greedy as shit thats all

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October 18, 2012, 08:49:24 PM
 #50


Honestly, for me, the "nail in the coffin" against DeepBit was about the time SatoshiDice started up, and it brought to light that Deepbit was refusing to include both '0% fee' transactions, and transactions below a certain transaction fee threshold.

At the time, they were a large percentage of the network, and their refusal to process transactions created, in some cases, 12+hour delays to get normal (paid) transactions confirmed.

I posted my opinion, deepbit responded, and I don't mine there any more.

https://bitcointalk.org/index.php?topic=3889.msg949717#msg949717

https://bitcointalk.org/index.php?topic=86129.msg985972#msg985972

The real problem was the transaction threshold Deepbit used was not published.  The default fees generated by bitcoin did not meet the hidden criteria.  Sure, Bitcoin is all about free market, anybody can set their fee requirements.  But you'd expect that in that situation, those requirements would be published somewhere.  It's pretty messed up when (at the time) ~25% of the network was not processing transactions that included the default fees.
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October 18, 2012, 10:18:43 PM
 #51

just as i said, ripoff.
i never liked deepbit as its too greedy design, well their servers are stable and co, but this dosnt mean it has to be shady and greedy :S

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October 18, 2012, 11:45:17 PM
 #52


Honestly, for me, the "nail in the coffin" against DeepBit was about the time SatoshiDice started up


No, the nail was 50btc.com pool and its killer feature: auto top-up your mobile phone account with earned coins.
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October 19, 2012, 02:18:18 AM
 #53

just as i said, ripoff.
i never liked deepbit as its too greedy design, well their servers are stable and co, but this dosnt mean it has to be shady and greedy :S

It's really depressing how ignorant people are about economics.  Without a chance of reward there will be no innovation.

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
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October 19, 2012, 03:29:13 AM
 #54

Nice charts organofcorti !

After reading all this, including links to other post, Im pretty glad that I've never mined on deepbit !  I've never mined there, for the simple fact that this is the biggest pool.. Never take time to look at fees or other criteria, just dont want to mine on the biggest, 51% blah blah..   I also learned about blockchain no as accurate as I tought, thanks to you all !

I mine on Slush's pool since he started the pool..  Except some normal prob, that no pool can't claim they had not, I've always been really happy to mine on Slush !  Real good guy, I trust him and like the pool !

Cya all !  And thanks for all the interesting info again Cheesy
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October 19, 2012, 05:23:59 AM
 #55

just as i said, ripoff.
i never liked deepbit as its too greedy design, well their servers are stable and co, but this dosnt mean it has to be shady and greedy :S

It's really depressing how ignorant people are about economics.  Without a chance of reward there will be no innovation.
say w/e u like, fact is that deepbit is a ripoff Tongue

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October 19, 2012, 05:41:46 AM
 #56

3% DGM would be the max too. But DGM is totally different from Prop!

DGM is virtually unverifiable my the average miner.  I would never use it DGM unless I trusted the pool without reservation.

Are you saying that it's possible to underpay miners on DGM unless you trust the pool?

NO! I am not saying that.  I am saying "I" don't know how to verify it.

That being said I am using a DGM pool that I trust without reservation and am very happy with it.

I am NOT trying to start DGM FUD.
Sam


Perhaps you got in before I completed the edit. The full quote is:

Are you saying that it's possible to underpay miners on DGM unless you trust the pool? It would be nice if there was a simple to follow accounting method for miners using DGM, true, but as most DGM tune for variance reduction a month's mining should tell if you're earning PPS or not.

So you see I'm providing you with at least some sort of method to assess results. It would be a bit of a pain though, and I can understand you not wanting to use a DGM based pool if you can't do your own share/reward accounting.

This isn't a fault of the DGM, rather an indication that some sort of simple verification method is required. TBH, I can't think of a simple way to do it either.

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October 20, 2012, 05:34:32 PM
 #57

The real problem was the transaction threshold Deepbit used was not published.  The default fees generated by bitcoin did not meet the hidden criteria.  Sure, Bitcoin is all about free market, anybody can set their fee requirements.  But you'd expect that in that situation, those requirements would be published somewhere.
Actually our fee policy IS published and even quoted in the forum links quoted by you.

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