rdyoung
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June 08, 2014, 02:09:50 PM |
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Thanks for the responses was curious since Asicminer solomined their blocks for ages before their hashrate went down so was curious if the Petamine would mine at a similar rate. Anyways I guess to avoid a 50% attack moving to another large pool is a viable option as well https://blockchain.info/pools?timespan=24hrsGhash.io stated quite some time ago that they will never allow themselves to reach 51% of the network so there is no threat there. They did mention being able to spread the miners onto other pools/servers etc if it ever got to that stage While their intentions may be good, you shouldn't have to trust ghash.io. The only thing you should have to trust in bitcoin is mathematics. I'm not up to date on the topic, but would p2pool be an alternative? What are the disadvantages compared to ghash (aside from the higher variance)? Could this attract more buyers / good press during a future PO? edit: Maybe there's really demand here... http://www.reddit.com/r/Bitcoin/comments/27lryc/cexio_needs_compitition_that_runs_on_p2pool/I called for a move to p2pool very early on, I then got "attacked" by people saying that it wasn't important at the moment. Peta could easily run a p2pool node and merge mine all the supported coins. We would be more profitable on p2pool because of the way its designed. It is more efficient than regular mining. All shares worked on go towards the next block, rather than all shares in a 10minute window and then you have to restart. https://bitcointalk.org/index.php?topic=18313.0 |
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Tatsumigaoka
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June 08, 2014, 06:25:56 PM |
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Do we know for sure which pool they are using?
Yes they are using ghash.io, previously used to be eligius. I think we still keep a rig over there for kicking over out prior payouts. If that makes any sense at all Well thats kind shitty then, really should move to P2Pool |
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_biO_
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June 08, 2014, 06:38:05 PM |
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That would be quite an upgrade for P2Pool, since right now they have about 500TH/s total.
But really... this could be a lot of good press for PETAMINE. If there are no big drawbacks to using P2Pool we should seriously consider it. This could also make more miners use P2Pool and thus lower the variance even further for everyone. I don't know what the risks involved are and if it's manageable by cryptx, but it should be discussed.
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This signature refers to itself.
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ujka
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June 08, 2014, 07:58:53 PM |
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Well pointed out - about the good press for peta, now when everybody looking how ghash.io is growing, and that a bigger miner like peta joining the p2pool could make even more miners use it.
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aatt44zz
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June 08, 2014, 09:32:41 PM |
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Well pointed out - about the good press for peta, now when everybody looking how ghash.io is growing, and that a bigger miner like peta joining the p2pool could make even more miners use it.
+1 A lot of people want to help solve the "51% problem," but don't know how. /r/bitcoin is going crazy over this right now. If PETA was able to move to p2pool and get some positive press, a lot of people would move funds in to simply bring down the network share that central pools have. This could be a big selling point, even if we only moved a portion of the miners over. |
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dhenson
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June 09, 2014, 04:01:12 AM |
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P2Pool really needs a large miner like PETA to legitimize it. I'd be behind this 100%, you can count my % of this project as in favor for the move.
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vaguhs
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June 09, 2014, 05:12:43 AM |
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Can cryptx make a p2p pool with PETA mines support and make more money from that + save on pool fee.
And the money earned to go towards reinvestment.
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cryptocxeq
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June 09, 2014, 08:35:55 AM |
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PETAMINE -> P2P POOL PLEASE
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spartan82
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June 09, 2014, 09:21:59 AM |
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Ye what the heck why not. Saves us fees after all and they can go to reinvestments. Got my vote too if there is one!
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ujka
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June 09, 2014, 09:40:14 AM |
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Ye what the heck why not. Saves us fees after all and they can go to reinvestments. Got my vote too if there is one!
Ghash.io has no fees. It's not the point in fees, but giving the best to keep the Network decentralised. |
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spartan82
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June 09, 2014, 11:18:49 AM |
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Ye what the heck why not. Saves us fees after all and they can go to reinvestments. Got my vote too if there is one!
Ghash.io has no fees. It's not the point in fees, but giving the best to keep the Network decentralised. I stand corrected, well I'm all for the idea either way. |
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MaxSan
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June 09, 2014, 11:19:53 AM |
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I would like to see peta switch to p2pool. If ghash.io had floating fees it would natrually solve this problem aswell AND they would make money.
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vaguhs
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June 09, 2014, 12:00:09 PM |
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A PETA p2p pool will be great for marketing !
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BiteMyShinyMetalAss
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June 09, 2014, 12:21:58 PM |
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How likely is for us to get another loan to expand once we finished repaying this one?
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stompysteve
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June 09, 2014, 12:59:05 PM |
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How likely is for us to get another loan to expand once we finished repaying this one?
And you get an IPO, and you get an IPO, everyone gets an IPO!! |
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ujka
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June 09, 2014, 01:02:37 PM |
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How likely is for us to get another loan to expand once we finished repaying this one?
And you get an IPO, and you get an IPO, everyone gets an IPO!! I had three!  |
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spartan82
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June 09, 2014, 01:38:26 PM |
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Nothing wrong with that, long as we are paying the loan back quick enough to see some ROI in near future why not. That and the hardware we have should be win win situation
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NotLambchop
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June 09, 2014, 01:47:22 PM |
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Welcome to debt economy, spartan82. But wipe your feet pl0x.
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howardb
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June 09, 2014, 03:45:34 PM |
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I would like to see peta switch to p2pool. If ghash.io had floating fees it would natrually solve this problem aswell AND they would make money.
What a great position for ghash to be in, "sorry guys we are going to have to charge fees to protect you from a 51% attack we would never do anyway" |
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