Bitcoin Forum
December 03, 2016, 12:35:38 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 326 »
  Print  
Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1452396 times)
JWU42
Legendary
*
Offline Offline

Activity: 1484


View Profile
March 03, 2011, 09:02:45 PM
 #261

My understanding of the "weakness" of pooling is there are fewer p2p nodes (users running the bitcoin client) since all clients of the pool are running a cpu/gpu mining program (poclbm, Diablo, Ufasoft, etc).

That said, I still run bitcoind on a server at home to help offset this "wekaness"

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480725338
Hero Member
*
Offline Offline

Posts: 1480725338

View Profile Personal Message (Offline)

Ignore
1480725338
Reply with quote  #2

1480725338
Report to moderator
hazek
Legendary
*
Offline Offline

Activity: 1078


View Profile
March 03, 2011, 09:05:06 PM
 #262

they attack and shutdown all the rest of the pools but their own??
I don't really see the problem if this happens, they'll still get the same blocks they'd get otherwise. Anyone who'd do that is just plain stupid.
He is talking about overpower attack, but looks like he didn't read https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power
So if anyone can do this, not much harm can be done anyway.

And all current pools have only 1/4 of total network hashing power.

Yeah I am and yeah I did just not carefully enough I guess.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
os008
Member
**
Offline Offline

Activity: 79



View Profile
March 03, 2011, 09:08:24 PM
 #263

So if anyone can do this, not much harm can be done anyway.
Keyword! No-one who would think about doing such attack can spend so much, or even if he can it would be pointless to him. Unless he's a rich sadist.

2x5850 @ 600[M|K]H/s
[Tycho]
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
March 03, 2011, 09:10:17 PM
 #264

My understanding of the "weakness" of pooling is there are fewer p2p nodes (users running the bitcoin client) since all clients of the pool are running a cpu/gpu mining program (poclbm, Diablo, Ufasoft, etc).
That said, I still run bitcoind on a server at home to help offset this "wekaness"
People run bitcoin clients anyway to receive and spend their bitcoins :)

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
JWU42
Legendary
*
Offline Offline

Activity: 1484


View Profile
March 03, 2011, 09:16:49 PM
 #265

I wait will rejoice the day when I can easily spend my bitcoins

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
BitLex
Hero Member
*****
Offline Offline

Activity: 588


View Profile WWW
March 03, 2011, 09:58:48 PM
 #266

You make it sound like I'm spoiling the party or something
wasn't my intention
Quote
when I'm only questioning the security of the network that could be threaten by pools. Relying on "the right people" to harness all that cpu power is a bit of a hole in security, don't you think?
it's up to us, "the people", to care about security, the pool-operator doesn't own that much power, it's us.
it's not that the pool-operator can force us to use his pool, or something,
if WE don't like that much power in one hand, WE have to split that power into many hands and we can do that by the click of a button.

Based on my calculations, it won't be worth it to mine in a pool in 3 months
i'd like to see, what those calculations are based on
Quote
After that, i'm thinking of solo mining for the fees involved in transactions; read they go to whoever generates the block.
oh, so it will be worth mining for a few bitcents/block, but not worth it for 50bitcoins/block?   Huh

Quote
Don't earnings become 2/3 every 10 days or so?
no

os008
Member
**
Offline Offline

Activity: 79



View Profile
March 04, 2011, 12:10:53 AM
 #267

i'd like to see, what those calculations are based on
Try it yourself first, then tell me if what i'm saying is incorrect.

Quote
oh, so it will be worth mining for a few bitcents/block, but not worth it for 50bitcoins/block?   Huh
Think about it; in the future when you start to get a block every 3 months, what will motivate you to continue mining? Then people will start to notice their transactions aren't going through, they'll read around and get the hint that in order to make their transactions be included in a miner's block, they should motivate him by adding a fee. Imagine how many transactions are in that long awaited block.

Well, it's just my opinion anyway, based on what i've read so far. If you disagree, by all means, share your opinion.

Quote
Don't earnings become 2/3 every 10 days or so?
Why not? Again, calculate it yourself then tell me if what i'm saying is incorrect. No shame in being wrong, but don't just say no and leave it at that.

2x5850 @ 600[M|K]H/s
[Tycho]
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
March 04, 2011, 12:16:42 AM
 #268

Then people will start to notice their transactions aren't going through, they'll read around and get the hint that in order to make their transactions be included in a miner's block, they should motivate him by adding a fee. Imagine how many transactions are in that long awaited block.
10 minutes aren't THAT long :)

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
myrkul
Hero Member
*****
Offline Offline

Activity: 532


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
March 04, 2011, 12:25:07 AM
 #269

Think about it; in the future when you start to get a block every 3 months,

the 1 block/10 minutes is hard-coded into the system. If the difficulty gets too high, it will be reduced to maintain this.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
JWU42
Legendary
*
Offline Offline

Activity: 1484


View Profile
March 04, 2011, 12:42:00 AM
 #270

13 blocks today (March 3) and 12 blocks yesterday (March 2).  Good stuff!!!

GPG PubKey | THREEMA | OTC | HeatWare | 1JWU42QLGFESoQCC4iPzUDTRiC9nx5bi95
TurdHurdur
Full Member
***
Offline Offline

Activity: 217


View Profile
March 04, 2011, 01:14:48 AM
 #271

Loving it, my initial connection issues are gone.

A suggestion, how about a field for a list of addresses that can be sequential/randomized and reused/consumed instead of a single one, perhaps even per-miner?
[Tycho]
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
March 04, 2011, 02:02:38 AM
 #272

A suggestion, how about a field for a list of addresses that can be sequential/randomized and reused/consumed instead of a single one, perhaps even per-miner?
What may be the purpose of this ?

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
polish-jack
Newbie
*
Offline Offline

Activity: 7


View Profile
March 04, 2011, 02:04:20 AM
 #273

I tried out the Pay-Per-Share payout method and found that it does not give any details as to how much was being paid out per block.  Is this a glitch or something that is not yet available?

AZ3uc5zv6FRgFTs5yFqQsB3Q4f1F8tcLD7
TurdHurdur
Full Member
***
Offline Offline

Activity: 217


View Profile
March 04, 2011, 02:05:52 AM
 #274

A suggestion, how about a field for a list of addresses that can be sequential/randomized and reused/consumed instead of a single one, perhaps even per-miner?
What may be the purpose of this ?
It'd be in-line with Bitcoin's creation of a new address for every transaction. More anonymity.
Neereus
Newbie
*
Offline Offline

Activity: 28


View Profile
March 04, 2011, 02:18:21 AM
 #275

I tried out the Pay-Per-Share payout method and found that it does not give any details as to how much was being paid out per block.  Is this a glitch or something that is not yet available?

From the Main Page:

Quote
Optional Pay-Per-Share mode is enabled. You can choose payments method for any of your workers, look at your account page for workers configuration.
Current rate is 0.00080949465069954 BTC per share.

Donate (even 0.01 BTC) to my Robot Fund:
18jXUmXEz3c8Ji3SqZMwGE6PYY3V7qyQ86
Neereus
Newbie
*
Offline Offline

Activity: 28


View Profile
March 04, 2011, 02:19:54 AM
 #276

A suggestion, how about a field for a list of addresses that can be sequential/randomized and reused/consumed instead of a single one, perhaps even per-miner?
What may be the purpose of this ?
It'd be in-line with Bitcoin's creation of a new address for every transaction. More anonymity.

It's kind of pointless because the only person seeing them knows they are you anyways.

Donate (even 0.01 BTC) to my Robot Fund:
18jXUmXEz3c8Ji3SqZMwGE6PYY3V7qyQ86
[Tycho]
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
March 04, 2011, 02:30:48 AM
 #277

I tried out the Pay-Per-Share payout method and found that it does not give any details as to how much was being paid out per block.  Is this a glitch or something that is not yet available?
PPS is not connected to blocks. You receive your reward for submitted shares.
Your balance is updated once per hour.

Welcome to my bitcoin mining pool: https://deepbit.net - Both payment schemes (including PPS), instant payout, no invalid blocks !
ICBIT Trading platform : USD/BTC futures trading, Bitcoin difficulty futures (NEW!). Third year in bitcoin business.
polish-jack
Newbie
*
Offline Offline

Activity: 7


View Profile
March 04, 2011, 02:33:27 AM
 #278

I tried out the Pay-Per-Share payout method and found that it does not give any details as to how much was being paid out per block.  Is this a glitch or something that is not yet available?
PPS is not connected to blocks. You receive your reward for submitted shares.
Your balance is updated once per hour.

I get it now.  Thanks for the explanation.

AZ3uc5zv6FRgFTs5yFqQsB3Q4f1F8tcLD7
Neereus
Newbie
*
Offline Offline

Activity: 28


View Profile
March 04, 2011, 02:33:28 AM
 #279

Opps, read block as share for some reason. Roll Eyes

^^Yeah that

Donate (even 0.01 BTC) to my Robot Fund:
18jXUmXEz3c8Ji3SqZMwGE6PYY3V7qyQ86
os008
Member
**
Offline Offline

Activity: 79



View Profile
March 04, 2011, 07:32:16 AM
 #280

the 1 block/10 minutes is hard-coded into the system. If the difficulty gets too high, it will be reduced to maintain this.
Thanks, seems i missed that while reading, thanks for correcting me. So, to actually depend on fees, we'll have to reach the point where the block generations rewards too little? That's too far away, so i guess we can enjoy it for a while longer than i thought Cheesy.

2x5850 @ 600[M|K]H/s
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 326 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!