snoopytime
Newbie
 Offline
Activity: 28
Merit: 0
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June 08, 2011, 05:22:35 AM |
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So wait your saying more than half of EVERYONE in a pool in the whole world is in deepbit?
2300 gigs is only like 2300 people crackin a gig each, right?
By the way I didnt mean i want my shares to go towards crashing bitcoin lol, gimmie a break. I just saw my new GPUs spinnin wheels and I didnt see the heat accumulating on my accout is all.
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[Tycho]
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June 08, 2011, 05:25:23 AM |
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[Tycho], any chance you will lower your hashing rate?
Or even better, make your fee go up as hashing rate increases, so we reach a nice equilibrium? It's not like my hashing rate is rising, it's network block generation speed is low today which causes pie chart to look more scary than usual. Create a good pool, make a better offer to bitcoin miners and they may switch. That's how competition works. It's easy to make a pool with lower fee, there is even an open source pool software available. And that's not the only option. Why not create more ? There will be a LOT of new miners soon. Don't make me say my opinion on bitcoin security for the fourth time :) |
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. |
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Genrobo
Newbie
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Activity: 28
Merit: 0
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June 08, 2011, 05:30:45 AM |
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[Tycho], any chance you will lower your hashing rate?
Or even better, make your fee go up as hashing rate increases, so we reach a nice equilibrium? It's not like my hashing rate is rising, it's network block generation speed is low today which causes pie chart to look more scary than usual. Create a good pool, make a better offer to bitcoin miners and they may switch. That's how competition works. It's easy to make a pool with lower fee, there is even an open source pool software available. And that's not the only option. Why not create more ? There will be a LOT of new miners soon. Don't make me say my opinion on bitcoin security for the fourth time  Step 1: Find Tycho's house Step 2: Incapacitate Step 3: Create fake block chain Step 4: False transactions Step 5: Rich Step 6: Collapse of Bitcoin forever And nothing of value was lost. |
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tehcodez
Newbie
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Activity: 42
Merit: 0
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June 08, 2011, 05:35:22 AM |
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[Tycho], any chance you will lower your hashing rate?
Or even better, make your fee go up as hashing rate increases, so we reach a nice equilibrium? It's not like my hashing rate is rising, it's network block generation speed is low today which causes pie chart to look more scary than usual. Create a good pool, make a better offer to bitcoin miners and they may switch. That's how competition works. It's easy to make a pool with lower fee, there is even an open source pool software available. And that's not the only option. Why not create more ? There will be a LOT of new miners soon. Don't make me say my opinion on bitcoin security for the fourth time Really bra? ITS NOT ABOUT COMPETITION ITS ABOUT TRUST. T____R_____U_____S______T. Not news to us that cattle follow the pack. Its news that you use that as your excuse (repeatedly) for opening up a can of worms unseen by most everyone....EXCEPT THE CREATOR OF BITCOIN. Do you even understand what our concerns are? I haven't seen you comprehend them....once. Enlighten me, bra. Maybe I'm failing to see how you don't control so much of the network, and how you can't lose control of it... |
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mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
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June 08, 2011, 06:20:41 AM |
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so many silly newbies hating on tycho. deepbit is the best pool. that's all there is to it. if you don't like his share of the network, make a pool that's better then his. none of these complainers will though. some people take action and some just bitch. I cant wait for the bitcoin network to shake off the naive kids as the business oriented move in.
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Genrobo
Newbie
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Activity: 28
Merit: 0
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June 08, 2011, 06:32:05 AM |
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so many silly newbies hating on tycho. deepbit is the best pool. that's all there is to it. if you don't like his share of the network, make a pool that's better then his. none of these complainers will though. some people take action and some just bitch. I cant wait for the bitcoin network to shake off the naive kids as the business oriented move in.
>herp derp I make comments that make me look like an ass while I talk down about everyone with legitimate security concerns. >herp derp buddha is in my name and my profile pic but i don't act like a buddhist in the slightest |
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Fulltilt
Newbie
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Activity: 5
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June 08, 2011, 06:32:45 AM |
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What is worth all these doomsdayers coming in here preaching? I see a lot of conjecture flying around but that is all. Why dont one of you doomsdayers show some proof substantiating your preachings? Man i thought Westboro church was bad....
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Fulltilt
Newbie
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Activity: 5
Merit: 0
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June 08, 2011, 06:33:57 AM |
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so many silly newbies hating on tycho. deepbit is the best pool. that's all there is to it. if you don't like his share of the network, make a pool that's better then his. none of these complainers will though. some people take action and some just bitch. I cant wait for the bitcoin network to shake off the naive kids as the business oriented move in.
>herp derp I make comments that make me look like an ass while I talk down about everyone with legitimate security concerns. >herp derp buddha is in my name and my profile pic but i don't act like a buddhist in the slightest Wow what are you 12? |
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Genrobo
Newbie
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Activity: 28
Merit: 0
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June 08, 2011, 06:36:22 AM |
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so many silly newbies hating on tycho. deepbit is the best pool. that's all there is to it. if you don't like his share of the network, make a pool that's better then his. none of these complainers will though. some people take action and some just bitch. I cant wait for the bitcoin network to shake off the naive kids as the business oriented move in.
>herp derp I make comments that make me look like an ass while I talk down about everyone with legitimate security concerns. >herp derp buddha is in my name and my profile pic but i don't act like a buddhist in the slightest Wow what are you 12? 7 actually |
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Fulltilt
Newbie
Offline
Activity: 5
Merit: 0
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June 08, 2011, 06:41:20 AM |
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so many silly newbies hating on tycho. deepbit is the best pool. that's all there is to it. if you don't like his share of the network, make a pool that's better then his. none of these complainers will though. some people take action and some just bitch. I cant wait for the bitcoin network to shake off the naive kids as the business oriented move in.
>herp derp I make comments that make me look like an ass while I talk down about everyone with legitimate security concerns. >herp derp buddha is in my name and my profile pic but i don't act like a buddhist in the slightest Wow what are you 12? 7 actually It shows |
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mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
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June 08, 2011, 06:45:54 AM |
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case and point...
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stuhood
Newbie
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Activity: 5
Merit: 0
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June 08, 2011, 06:49:14 AM |
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What is worth all these doomsdayers coming in here preaching? I see a lot of conjecture flying around but that is all. Why dont one of you doomsdayers show some proof substantiating your preachings?
Please see https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power if you don't understand why the current situation is dangerous. One person is frequently in control of the majority of the CPU power in the network. I know that Deepbit has all kinds of lovely features, but at current exchange rates he will be earning close to $1 million a year off your mining fees AND he has the ability to bend the rules of the system. By continuing to vote for Tycho by giving him your CPU power, you are electing him the dictator of Bitcoin. |
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mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
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June 08, 2011, 06:52:03 AM |
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What is worth all these doomsdayers coming in here preaching? I see a lot of conjecture flying around but that is all. Why dont one of you doomsdayers show some proof substantiating your preachings?
Please see https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power if you don't understand why the current situation is dangerous. One person is frequently in control of the majority of the CPU power in the network. I know that Deepbit has all kinds of lovely features, but at current exchange rates he will be earning close to $1 million a year off your mining fees AND he has the ability to bend the rules of the system. By continuing to vote for Tycho by giving him your CPU power, you are electing him the dictator of Bitcoin. You point out that hes making a million a year like its a negative thing. I say rock on tycho, for proving the bitcoin network can make someone independently wealthy. That's the whole reason people are buying and selling bitcoins, other then the ones that smoke their profits... |
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anatolikostis
Legendary
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Activity: 2023
Merit: 1001
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June 08, 2011, 06:54:40 AM |
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Damn! ...all this from 1.45 to 2.13 hour round...  |
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Genrobo
Newbie
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June 08, 2011, 07:01:47 AM |
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Wow, Tycho, I must say, that post makes you look like a politician... And we all know how they LOVE telling the truth. |
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mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
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June 08, 2011, 07:04:05 AM |
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here's what it boils down to. either the bitcoin network is self regulating, it works, and theres no need for all the "ZOMG 50%" crap or the bitcoin network isnt self regulating, and no amount of "ZOMG 50%" crap is going to save it from collapsing.
Tycho has done nothing but make a great damn pool and people are going out of their way to punish him for it.
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dingus
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June 08, 2011, 07:09:12 AM |
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here's what it boils down to. either the bitcoin network is self regulating, it works, and theres no need for all the "ZOMG 50%" crap or the bitcoin network isnt self regulating, and no amount of "ZOMG 50%" crap is going to save it from collapsing.
Tycho has done nothing but make a great damn pool and people are going out of their way to punish him for it.
It is a pool that charges you for service while other pools don't. How is that a "great damn pool?" |
ding·us/ˈdiNGgəs/
Noun: Used to refer to something whose name the speaker cannot remember, is unsure of, or is humorously or euphemistically omitting
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mjsbuddha
Sr. Member
Offline
Activity: 336
Merit: 250
yung lean
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June 08, 2011, 07:11:56 AM |
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here's what it boils down to. either the bitcoin network is self regulating, it works, and theres no need for all the "ZOMG 50%" crap or the bitcoin network isnt self regulating, and no amount of "ZOMG 50%" crap is going to save it from collapsing.
Tycho has done nothing but make a great damn pool and people are going out of their way to punish him for it.
It is a pool that charges you for service while other pools don't. How is that a "great damn pool?" i'll pay for a pool that spends my money to stay stable in the face of the impending ramping up of DDos attacks against the network rather then be a part of a free pool that cant afford basic protection. obviously 50% of people agree with me  |
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