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Author Topic: What just happened to Deepbit?  (Read 5266 times)
IlbiStarz
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June 08, 2011, 05:30:11 AM
 #41

There are lots of pools just pick anyone of them but Deepbit. Network security should be your #1 concern.

Sadly, for other people it isnt.

Well, they are being silly. Why tempt fate when it's so easy to avoid such problems? Bitcoin may survive an attack, but will the public ever regain their trust? Let's not cut off our nose in spite of our face.

Well, most people probably don't know. It's not like everyone checks the forum every 10 minutes. Others may not even know about the danger of getting this much hash rate in one pool.

It's better to be pissed off, than to be pissed on.
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rezin777
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June 08, 2011, 05:30:54 AM
 #42

There are lots of pools just pick anyone of them but Deepbit. Network security should be your #1 concern.

Sadly, for other people it isnt.

Well, they are being silly. Why tempt fate when it's so easy to avoid such problems? Bitcoin may survive an attack, but will the public ever regain their trust? Let's not cut off our nose in spite of our face.

Well, most people probably don't know. It's not like everyone checks the forum every 10 minutes. Others may not even know about the danger of getting this much hash rate in one pool.

There are plenty of miners that use this forum that know. Enough to make a difference. They choose not to.
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June 08, 2011, 05:31:17 AM
 #43

why tycho won't disable registration ?
IlbiStarz
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June 08, 2011, 05:33:07 AM
 #44

why tycho won't disable registration ?

"It's not like my hashing rate is rising, it's network block generation speed is low today which causes pie chart to look more scary than usual.

Create a good pool, make a better offer to bitcoin miners and they may switch. That's how competition works.
It's easy to make a pool with lower fee, there is even an open source pool software available. And that's not the only option.
Why not create more ? There will be a LOT of new miners soon.

Don't make me say my opinion on bitcoin security for the fourth time Smiley"

Is what Tycho says.

It's better to be pissed off, than to be pissed on.
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bullox
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June 08, 2011, 05:34:25 AM
 #45

why tycho won't disable registration ?
Because he is shortsighted about bitcoins future and cares most about the money he makes.  Which, ironically, will become worthless if even 1 single attack is perpetrated.  Unfortunately since blockchain forks aren't centrally reported, we'll never know what he's doing behind the scenes.


Sell btc imo.
rezin777
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June 08, 2011, 05:34:57 AM
 #46

why tycho won't disable registration ?

He's making a large amount of money. Would you?

Well... I would. You can make a large amount of money with 30% of the hash rate, and the network is much healthier. Anyone who mines Bitcoin should promote a healthy network.
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June 08, 2011, 05:35:55 AM
 #47

why won't someone ddos deepbit ? if it's so scary
IlbiStarz
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June 08, 2011, 05:37:15 AM
 #48

why won't someone ddos deepbit ? if it's so scary

You want to try? XD

It's better to be pissed off, than to be pissed on.
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Notrem
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June 08, 2011, 05:38:06 AM
 #49

I don't have that knowledge needed to ; p
rezin777
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June 08, 2011, 05:38:45 AM
 #50

why won't someone ddos deepbit ? if it's so scary

What a terrible and unoriginal idea.
Maged
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June 08, 2011, 05:40:57 AM
 #51

why won't someone ddos deepbit ? if it's so scary

What a terrible and unoriginal idea.
Unfortunately, for the sake of the network, we'll have to do this if [Tycho] continues to do nothing. Personally, I suggest that he double the pool's fee. It'd be a win-win for all of us.

rezin777
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June 08, 2011, 05:43:13 AM
 #52

why won't someone ddos deepbit ? if it's so scary

What a terrible and unoriginal idea.
Unfortunately, for the sake of the network, we'll have to do this if [Tycho] continues to do nothing. Personally, I suggest that he double the pool's fee. It'd be a win-win for all of us.

I simply don't understand how someone who is making so much money from Bitcoin would ever let the network grow so unhealthy. You don't bite the hand that feeds.
Insuremeplz
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June 08, 2011, 05:45:10 AM
 #53

why won't someone ddos deepbit ? if it's so scary

What a terrible and unoriginal idea.
Unfortunately, for the sake of the network, we'll have to do this if [Tycho] continues to do nothing. Personally, I suggest that he double the pool's fee. It'd be a win-win for all of us.

I simply don't understand how someone who is making so much money from Bitcoin would ever let the network grow so unhealthy. You don't bite the hand that feeds.

Me either, which makes conspiracy theories roll through my brain. I hate conspiracy theories.
SlaveInDebt
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June 08, 2011, 05:47:12 AM
 #54

Where's BTCmine Huh

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
rezin777
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June 08, 2011, 05:48:10 AM
 #55

Me either, which makes conspiracy theories roll through my brain. I hate conspiracy theories.

What conspiracy theory?
IlbiStarz
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June 08, 2011, 05:49:38 AM
 #56

Where's BTCmine Huh

The website is down, but I think you can still mine on it (I am), however there are issues with the server, just like btcguild. Better than pointing it back to deepbit...There's no where else to runnnn....

It's better to be pissed off, than to be pissed on.
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rezin777
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June 08, 2011, 05:50:29 AM
 #57

Where's BTCmine Huh

Dropping the ball.
MrGaSp
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June 08, 2011, 05:53:06 AM
 #58

I really do not get why he lowered the fees to 0/7%.  I run a backup phoenix at a lower priority because BTCGuild is under load and i don't like the stress on my card.  But i am even debating finding another backup pool than deepbit because he lowered the rates..

IlbiStarz
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June 08, 2011, 05:54:05 AM
 #59

I really do not get why he lowered the fees to 0/7%.  I run a backup phoenix at a lower priority because BTCGuild is under load and i don't like the stress on my card.  But i am even debating finding another backup pool than deepbit because he lowered the rates..

He lowered the rates because deepbit went out to a ddos...and that was just for a few days. The fees are back up now, and yet more people join.

It's better to be pissed off, than to be pissed on.
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CubedRoot
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June 08, 2011, 05:54:35 AM
 #60

The fees have not been lowered.  He raised them back up on 6-4.  IT was due to the outage that he had.  Hes back to his normal fees at deepbit.
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