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Author Topic: Deepbit now vs Catastophe later?  (Read 1695 times)
Jdumond
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June 09, 2011, 12:07:14 AM
 #1

So from what I have been reading, we need to get off the evil empire deepbit before there is an eventual screw in the chain.

Lets say we do, wait till bitcoins are worth 50, 100 even a 1000.

that would seem to me the time to strike with falsities?

Why not figure it out now, and avoid catastrophe later?




I dont like the guy. How many reasons do I have? alot.
How many reasons do I need? none.
I just dont like the guy.

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horrorshow
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June 09, 2011, 12:10:02 AM
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Exactly. Seriously. Get off deepbit until it reaches reasonable levels. I don't see tycho posting responses to these, and that's enough of an indicator to me that he either does not understand or does not care about the potential consequences...


In other words, run like hell away from deepbit UNTIL it reaches reasonable levels. Give the other pools some love and let's try and keep it balanced.

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Jdumond
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June 09, 2011, 12:14:35 AM
 #3

Exactly. Seriously. Get off deepbit until it reaches reasonable levels. I don't see tycho posting responses to these, and that's enough of an indicator to me that he either does not understand or does not care about the potential consequences...


In other words, run like hell away from deepbit UNTIL it reaches reasonable levels. Give the other pools some love and let's try and keep it balanced.

the more value of BTC, the more media attention, increased leverage (and % for lawyers) for groundbreaking lawsuits, even governmental regulation. If we cant fix this ourselves more people will complain, some politician will see a sparkle in his/her eye, and it will all be over.

IT WILL RUIN MY FREAKING AWESOME HOBBY SO FREAKING GET OFF DEEPBIT!!!!!!!!

I dont like the guy. How many reasons do I have? alot.
How many reasons do I need? none.
I just dont like the guy.

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June 09, 2011, 12:14:49 AM
 #4

Start mining on smaller pools to level out the playing field its the only way it will work.

deep bit has a monopoly with 2300Gigahash/s now and climbing!!!!


try some of the smaller pools like BitClockers

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June 09, 2011, 12:24:45 AM
 #5

The [reptilian banker overlords] are going to pay tycho a few million to fork the block chain and kill bitcoin.
minerX
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June 09, 2011, 12:30:15 AM
 #6

I hope deepbit hits 100%.  I would love getting a payoff for every block! Completely eliminates luck. 
rezin777
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June 09, 2011, 12:38:22 AM
 #7

I hope deepbit hits 100%.  I would love getting a payoff for every block! Completely eliminates luck. 

You can start a new private chain and mine all the Bitcoins for yourself. No luck, and no sharing. Seems like a no brainer to me.

(Who's going to buy a decentralized currency that isn't decentralized?)
minerX
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June 09, 2011, 12:54:57 AM
 #8

I hope deepbit hits 100%.  I would love getting a payoff for every block! Completely eliminates luck. 

You can start a new private chain and mine all the Bitcoins for yourself. No luck, and no sharing. Seems like a no brainer to me.

(Who's going to buy a decentralized currency that isn't decentralized?)

I'm too dumb for that.  I'll just stick to my deepbit mining.
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Let the chips fall where they may.


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June 09, 2011, 01:21:09 AM
 #9

You said it, not me. Smiley

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rezin777
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June 09, 2011, 01:21:51 AM
 #10

I'll just stick to my deepbit mining.

Lemme guess, you are from OCN and you kept your miner pointed at deepbit when they were down during the DDOS?

(this is a joke, of course, just having some fun with you)

(although, I bet it's true!)
minerX
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June 09, 2011, 01:29:48 AM
 #11

I'll just stick to my deepbit mining.

Lemme guess, you are from OCN and you kept your miner pointed at deepbit when they were down during the DDOS?

(this is a joke, of course, just having some fun with you)

(although, I bet it's true!)

How did you know?  Stupid DDOSERS CANT FOOL ME.

I knew deepbit would come back up so I figured why configure all of my miners.  I mean seriously that's a lot of work!  9x 5850, 3x 6870, 2x 6970, 2x 6950, 1x 6990.

I mean, you try typing all that up in Ubuntu!! And then on 3 more windows systems.  It's just too much for my poor fingers.
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June 09, 2011, 02:24:36 AM
 #12

Start mining on smaller pools to level out the playing field its the only way it will work.

deep bit has a monopoly with 2300Gigahash/s now and climbing!!!!


try some of the smaller pools like BitClockers

mo·nop·o·ly
   [muh-nop-uh-lee]
–noun, plural -lies.
1.
exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
2.
an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3.
the exclusive possession or control of something.

No monopoly exists in Bitcoin.

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Shuffle
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June 09, 2011, 02:38:00 AM
 #13

I'll just stick to my deepbit mining.

Lemme guess, you are from OCN and you kept your miner pointed at deepbit when they were down during the DDOS?

(this is a joke, of course, just having some fun with you)

(although, I bet it's true!)

How did you know?  Stupid DDOSERS CANT FOOL ME.

I knew deepbit would come back up so I figured why configure all of my miners.  I mean seriously that's a lot of work!  9x 5850, 3x 6870, 2x 6970, 2x 6950, 1x 6990.

I mean, you try typing all that up in Ubuntu!! And then on 3 more windows systems.  It's just too much for my poor fingers.
you should be solo mining with all that, you would find a ton of blocks alone
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June 09, 2011, 03:50:42 AM
 #14

I hope deepbit hits 100%.  I would love getting a payoff for every block! Completely eliminates luck. 
When deepbit is over 50%, they have the authority to take 100% of the blocks if they want.

horgh
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June 09, 2011, 04:12:02 AM
 #15

I don't know am I very unlucky, but I always seem to get more BTC/24h when mining on Deepbit than any other pool. I know I should get less in the long run (because of fees) but always when I try some other pool I get something like 50% of BTCs that I'd get on Deepbit.

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PcChip
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June 09, 2011, 04:32:57 AM
 #16

Exactly. Seriously. Get off deepbit until it reaches reasonable levels. I don't see tycho posting responses to these, and that's enough of an indicator to me that he either does not understand or does not care about the potential consequences...

If you were making $100 per hour, every hour, 24/7, would YOU stop what you were doing?

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June 09, 2011, 04:47:20 AM
 #17

If you were making $100 per hour, every hour, 24/7, would YOU stop what you were doing?

The problem is you don't make dollars but bitcoins when mining. If Deepbit has monopoly, the system will collapse, and all those bitcoins will be worth nothing. Not very appealing.

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phillipsjk
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Let the chips fall where they may.


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June 09, 2011, 04:49:17 AM
 #18

Try calculating per-month solo mining.

Edit: when I estimated mining would stabilize with 50,000 distinct entities, I assumed the average entity would be willing to wait a year on average for a pay-out, not an hour...

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horrorshow
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June 09, 2011, 05:22:08 AM
 #19

You will make just as much bitcoins mining a different pool than deepbit....it will just pay through longer intervals...

Seriously dude, at this point, are you trolling or what?

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minerX
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June 09, 2011, 06:20:54 AM
 #20

You will make just as much bitcoins mining a different pool than deepbit....it will just pay through longer intervals...

Seriously dude, at this point, are you trolling or what?

Damn, I've been found out!  Don't tell the other Rezin777.
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