[4+ EH] Slush Pool (slushpool.com); Overt AsicBoost; World First Mining Pool

[joker_josue]

2. In April 2013 Braiins company takes over development of the pool with majority stake in the project in 2013
3. Pool rebrands to "Slush Pool" as it was called "Bitcoin.cz Mining Pool" before

I remember that time well!

Although I currently no longer have the ability to mine in the pool, I had the privilege of mine in this pool and managed to gather a good part of what I have in bitcoin.
At the time it was not even considered the largest pool, as it is today.

Keep doing a great job! Congratulations!

[1660318195]

1660318195

[1660318195]

1660318195

[kano]

Hey, is there a reason why slush lies about being the "World First Mining Pool" ?

Puddinpop's first post about his 'pooled' mining code was October 13, 2010
https://bitcointalk.org/index.php?topic=1458.0

And doublec ran a pool for a couple of months from October 17, 2010
https://bitcointalk.org/index.php?topic=1458.msg17340#msg17340
https://bluishcoder.co.nz/bitcoin-pool/

... before slush started in December 16, 2010

Slush clearly knew about it since he posted in the above thread also and stated that it was another pool:

You may be interested that we started another mining pool yesterday. Works with all standard CPU/GPU miners and we already found three blocks in one day. First block was already paid (it works differently than yours pool, transactions to users aren't directly inside block). http://bitcointalk.org/index.php?topic=1976.0. You are welcome!

Slush link here in this thread:
https://bitcointalk.org/index.php?topic=1976.msg30520#msg30520

Hi all, I just started my own bitcoin mining server on http://mining.bitcoin.cz . Server was heavily tested on Testnet, but it is still beta stage software. But there is already ~600000khash/s of power and more will come tomorrow.

Server is based on principle which is discussed above and which satoshi accepted as possible. Server works with all CPU/GPU miners following standard getwork() interface - jgarzik's CPU miner, m0mchil's and Diablo's GPU miners. All needed information are on site homepage.

Sending rewards - when block found, 50BTCs are written to server's wallet, not on miner's wallets. Every miner can specify own 'sending treshold', which is minimum amount to send to his wallet. This should help with sending 0.0001 BTCs and so on. Currently the cron script for sending is disabled, I will process few first payments manually - just to be sure that everything is working fine.

If you are interested, please open account, enter wallet address, register own workers and start mining! Also report all troubles, I will work on them ASAP! Please be patient with short server outages in this stage. In the most cases, miners will solve that by restarting itself.

[joker_josue]

OK, there was another pool working a few months ago.

I could say it was the second pool in the world. But, the first one no longer exists.
Thus, it can be said to be the first active pool in the world.


If this makes such a mess, I suggest you add the word: ACTIVE

[MoparMiningLLC]

If it was not the first pool then it should not say it that it is the first pool.

If all pools that were started before Slush are no longer running than maybe Slush could say they are the "longest running pool" being as prior ones are no longer running - if that is the case.

[o_solo_miner]

Slush was the first CZ Mining Pool, he is one of the first mining pools, and the only one that is still active from the begining.
I can't see a lie, only marketing.

[kano]

Slush was the first CZ Mining Pool, he is one of the first mining pools, and the only one that is still active from the begining.
I can't see a lie, only marketing.

It's simple English.
First doesn't mean Second.

I imagine the current Tokyo Olympics would have a lot of problems if anyone who wasn't first could claim world-wide that they were first

Since my simple search only found one other pool before them, then I'm also presuming they were 2nd and not 3rd or later.

(and FYI slush sold the pool ...)

[MoparMiningLLC]

he is one of the first mining pools, and the only one that is still active from the begining.
I can't see a lie, only marketing.

One of the first is not the same as “the first”  slush may still be the only one active from then but again that still doesn’t make the pool the “first”

So, for anyone that clearly understands the English language - the statement “The First Mining Pool” is a lie.

[Artemis3]

By the way, the current Hashrate has been for a while 6+ EH...

[kano]

By the way, the current Hashrate has been for a while 6+ EH...

Any reason why they still haven't removed the lie from their web site, stating they were the first mining pool?

[Artemis3]

Hmm this pool is finding about 5 blocks per day. What would you know, there are non chinese non pps pools out there that find more than 3 blocks in a year!

[MoparMiningLLC]

the point is still valid - they claim to be the first pool yet they are not. they withheld merged mining payouts for years until the merged coin was worthless. They have allowed firmware that was later proven to be faulty and incapable of finding blocks but still let those using keep all their payments.

Just because they have 6+ EH and find - what did you say? - an average of 5 blocks per day - does not make them any type of a "good" pool.

[Artemis3]

What makes you think i was even answering to the previous poster? The fact remains: Con Kolivas did the right thing. In comparison, 2021 is almost gone, no blocks in a certain pplns pool. The people who didn't left in the previous block, cannot leave now without incurring in heavy losses, so pretty much the next one should be the last. At least a responsible operator had the decency to close the pool when the exact same thing happened, unlike certain someone.

Of course this is just my personal opinion, everyone is free to use the pool they wish.

[MoparMiningLLC]

What makes you think i was even answering to the previous poster? The fact remains: Con Kolivas did the right thing. In comparison, 2021 is almost gone, no blocks in a certain pplns pool. The people who didn't left in the previous block, cannot leave now without incurring in heavy losses, so pretty much the next one should be the last. At least a responsible operator had the decency to close the pool when the exact same thing happened, unlike certain someone.

Of course this is just my personal opinion, everyone is free to use the pool they wish.

The only part I was directing to you was the last sentence of my post. I made no indication that I "thought" you were answering anyone. To me you made a statement, that, while it may be accurate, is definitely no indication of whether a pool is "good" or "not good".

[kano]

Hmm this pool is finding about 5 blocks per day. What would you know, there are non chinese non pps pools out there that find more than 3 blocks in a year!

No idea what that has to do with the fact that this pool lies on it home page claiming it was the first mining pool,
while slush himself even knows that it is false, as I've pointed out above.
https://bitcointalk.org/index.php?topic=1976.msg57575118#msg57575118

[kano]

What makes you think i was even answering to the previous poster? The fact remains: Con Kolivas did the right thing. In comparison, 2021 is almost gone, no blocks in a certain pplns pool. The people who didn't left in the previous block, cannot leave now without incurring in heavy losses, so pretty much the next one should be the last. At least a responsible operator had the decency to close the pool when the exact same thing happened, unlike certain someone.

Of course this is just my personal opinion, everyone is free to use the pool they wish.

So what you are actually saying is that there should be no small pools, they should all shut down.
Interesting that you have that opinion ...

Con shut down his pool coz he lost interest in Bitcoin years ago and spends most of his time producing animated child porn.
This was obvious with his most recent lost block caused by him due to ignoring his pool server - purely due to negligence.

Clearly you have no idea about the statistics of mining.
That was clearly the case in Dec 2015 when slush pool allowed a miner to withhold about 28 blocks and didn't even notice it happen.
Scroll back in this thread and read all about it ...
An interesting comment quoted from slush about it, saying there was no problem
https://bitcointalk.org/index.php?topic=1976.msg13418823#msg13418823
Have a read through Dec 2015 here in your thread, saying there's no problem with the pool ... ... ... even though it lost about 28 blocks in that month due to problems ...

Slush made all the miners pay for those lost blocks, rather than just the company that did it.
https://bitcointalk.org/index.php?topic=1672571.msg17144781#msg17144781
https://bitcointalk.org/index.php?topic=77000.msg13482822#msg13482822

The fact that my pool is currently over 300% is nothing to be unexpected.
CDF states clearly that greater than 300% blocks are expected, on average, once every 20.1 blocks ... on every pool.
Yep even slush has it happen that often.
Have a read and learn a little about Bitcoin mining statistics: https://kano.is/index.php?k=poisson

[mikeywith]

CDF states clearly that greater than 300% blocks are expected, on average, once every 20.1 blocks ... on every pool.
Yep even slush has it happen that often.

It happens to all pools, it is not something a pool can escape, but then using the "block unit" is irrelevant as far as miner's payout is concerned, 300% on a large pool that finds 10 blocks a day is nothing like a 300% on a pool that finds 1 block a year, we all know the payout will eventually be the same if measured against infinity, but that can't happen in a real-world, personally,  I don't mind a 300% block once a day/week on a large pool as I know it will break even the next day/week, but waiting for a couple of years for that to happen isn't feasible, so no, you can't compare a small pool to a large one and say that mining here or there will yield the same payouts.

Of course, I don't think small pools must shut down, I believe miners know the risks beforehand, they also know the benefit of hitting a block on a small pool, so it's a risk they chose to take in return for a potentially larger payout.

[kano]

CDF states clearly that greater than 300% blocks are expected, on average, once every 20.1 blocks ... on every pool.
Yep even slush has it happen that often.

It happens to all pools, it is not something a pool can escape, but then using the "block unit" is irrelevant as far as miner's payout is concerned, 300% on a large pool that finds 10 blocks a day is nothing like a 300% on a pool that finds 1 block a year, we all know the payout will eventually be the same if measured against infinity, but that can't happen in a real-world, personally,  I don't mind a 300% block once a day/week on a large pool as I know it will break even the next day/week, but waiting for a couple of years for that to happen isn't feasible, so no, you can't compare a small pool to a large one and say that mining here or there will yield the same payouts.

Of course, I don't think small pools must shut down, I believe miners know the risks beforehand, they also know the benefit of hitting a block on a small pool, so it's a risk they chose to take in return for a potentially larger payout.

Nowhere in my post did I say the bolded, underlined parts that you have implied I said.

Indeed small pools are higher risk due to much higher variance.
Variance also means up and down, not just down.
Even long term there is the potential risk of a lower reward due to difficulty rises.

Seriously, your post basically says two opposite things, either you are saying there should be no small pools, like you are directly implying in the first paragraph, or you are saying they shouldn't shut down as in the 2nd paragraph.
Pick one.

Meanwhile, still no change on the slush web site, it still lies about being the first pool.

[mikeywith]

Nowhere in my post did I say the bolded, underlined parts that you have implied I said.

Sounds like a language barrier or lack of understanding, I did not say that you mentioned anything about that, I was stating a general statement, perhaps the correct word is "someone" rather than "you".

Pick one.

Small pool should not shutdown just because they are small, but will I gamble my hard earnings on a small pool that does not find a block for a whole year? absolutely not, however, if someone is willing to do so they have the right to.

Meanwhile, still no change on the slush web site, it still lies about being the first pool.

Their profile shows last active  "June 21, 2021", so instead of repeating the same statement here, you might want to reach out to them through a different platform since clearly, they don't seem to prioritize the forum.

If they ignore you or refuse to correct that word, you can take it up to the reputation board and see what the other DT members have to say, personally, I don't mind tagging thier profile, but since this isn't an urgent case of scam and nobody's life/money is at stake, I chose to be patient and wait for Slush's response.

[kano]

Well a certain person above - Artemis3 - seems to reply 'for' slush pool and bos (which is part of slush pool) regularly on the forum and here in this thread.
He posts release notes for bos - which is pretty damning evidence saying he is involved with slush.

He's the one ignoring it, so I guess he should get the bad rep?

[OgNasty]

I love a good kick to the hornet's nest as much as the next guy, so here goes a good shot.

If Slush Pool isn't the first pool, then show me where to point my miner to mine on the first pool...  If the "first" pool failed, is it the first pool?  If I say I'm going to be the first person to swim around the world, and then I die while being the first to swim around the world, am I the first to do it?  I was swimming around the world the same way the "first" pool was mining...  I believe in this context, Slush Pool is stating they are the first, because they are the first mining pool to survive the test of time.  Other pools may have attempted to be first, but they since failed and were shut down... 

Perhaps they should state they are the first successful pool or the longest running pool?  Seems like this is taking cheap shots at slush's legacy to come and make this argument more than 10 years after this claim has been accepted by the community.