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Question: Should more pool owners protect against taking majority hashpower on new coins and how?
Limit Number of workers per user
Limit Number of Workers per IP Address
Limit Hashrate per user (Encourage Solo Mining for Big Hashes)
Limit Hashrate per IP address
Close registration of new users. (Ole' Faithful)
Nooooo. We need more lemon pledge...

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Author Topic: Big Hashes in Little Pools *cough*WDC*cough*  (Read 852 times)
milly6 (OP)
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May 22, 2013, 11:58:47 PM
 #1

Well.. What do you think? Crowd Control on the pools or what? Given the recent events in the land of worldcoin, I cant help but think that this pool and this much hashrate seems to be causing the network to fork, I can't help but wonder if the pool owner could have taken some action to protect the new coin. Look for yourself and tell me what you think.
http://www.worldcoinpool.com

Top 15 Hashrates
Rank   User Name   KH/s   WDC/Day (est)
1   Freedom *   42,868    5,031.227
2   karambit    27,924    3,277.316
3   leecher    19,194    2,252.715
4   duster    10,977    1,288.322
5   sathackr    10,843    1,272.595


It seems to me that users with this much hashpower should be solo mining for the good of themselves and everyone else in the community, let alone the existence of the coin itself. 

Eyes open, No Fear. Be Safe! Trinity: Currency Without Bias
xorxor
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May 23, 2013, 12:05:04 AM
Last edit: May 23, 2013, 07:02:11 AM by xorxor
 #2

edited:

WDC,SMC,NBC,DGC and all other ultra fast block chains will keep orphaning huge branches and forking by design.

fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
ecliptic
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May 23, 2013, 12:09:52 AM
 #3


It seems to me that users with this much hashpower should be solo mining for the good of themselves and everyone else in the community, let alone the existence of the coin itself.  
Solo mining = you set a single cgminer config wrong (and what you should set changes all the time thanks to random flucutations in hash power, diff, and avg block time) and you lose 50% your hashrate because rejected/stale/etc

nothing more fucking aggrivating than coming home and seeing that you have 2x more R:'s on cgminer than A's.  meaning you lost 66% of your hashing power for nothing

only reason i see to solo mine is when no pools exist, i.e. when a coin launches

since that is just a rush to MINE MINE MINE ASAP
cryptohunter
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May 23, 2013, 12:19:13 AM
 #4

Well.. What do you think? Crowd Control on the pools or what? Given the recent events in the land of worldcoin, I cant help but think that this pool and this much hashrate seems to be causing the network to fork, I can't help but wonder if the pool owner could have taken some action to protect the new coin. Look for yourself and tell me what you think.
http://www.worldcoinpool.com

Top 15 Hashrates
Rank   User Name   KH/s   WDC/Day (est)
1   Freedom *   42,868    5,031.227
2   karambit    27,924    3,277.316
3   leecher    19,194    2,252.715
4   duster    10,977    1,288.322
5   sathackr    10,843    1,272.595


It seems to me that users with this much hashpower should be solo mining for the good of themselves and everyone else in the community, let alone the existence of the coin itself. 

well yes i agree, however it is the pool operator that need to be responsible. This pool has be brough up a few times actually lately. Who operates this pool on here?

computerparts
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May 23, 2013, 12:41:16 AM
 #5

Where is BCX when you need him?  Grin
milly6 (OP)
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May 23, 2013, 01:08:25 AM
 #6

Well.. What do you think? Crowd Control on the pools or what? Given the recent events in the land of worldcoin, I cant help but think that this pool and this much hashrate seems to be causing the network to fork, I can't help but wonder if the pool owner could have taken some action to protect the new coin. Look for yourself and tell me what you think.
http://www.worldcoinpool.com

Top 15 Hashrates
Rank   User Name   KH/s   WDC/Day (est)
1   Freedom *   42,868    5,031.227
2   karambit    27,924    3,277.316
3   leecher    19,194    2,252.715
4   duster    10,977    1,288.322
5   sathackr    10,843    1,272.595


It seems to me that users with this much hashpower should be solo mining for the good of themselves and everyone else in the community, let alone the existence of the coin itself.  

well yes i agree, however it is the pool operator that need to be responsible. This pool has be brough up a few times actually lately. Who operates this pool on here?


Big Vern operates the pool and I actually quite enjoy his pools. They are fair and payout correctly, etc. I dont think he wanted this situation to occur, and I am also not fully in understanding of what exactly happens in this scenario where one pool takes the cake on network share. ie what exactly is happening with wdc and others?

edit:typo

Eyes open, No Fear. Be Safe! Trinity: Currency Without Bias
coinerd
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May 23, 2013, 01:29:31 AM
 #7

An honest pool op having 50% or 60% or 70% of the hashing power is not an automatic threat to the coin.

It's maybe worse with p2pool than pushpool because of the share chain, but just BEING 51% isn't the same as a 51% attack.

For those who don't understand the problems of the short block times, let me say this:

A blockchain with block times less than the time for data to propagate to EVERY NODE encourages orphans.  And many orphan blocks in a region (this is not necessarily physical but network topology) are likely to start an orphan chain.

Any currency with block times less than the time it takes for someone using a 1mbps DSL in america to sync with someone mining on a weak satelite connection or something in africa is asking for these problem.  Granted that's an extreme condition but not everyone in the world can download a megabit in under 15 seconds.

In truth, those big miners going solo would be more damaging to worldcoin than pool mining.  The pools are minimizing and centralizing nodes for a blockchain with severe propagation issues.
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