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Author Topic: [DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too  (Read 1455740 times)
[Tycho]
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January 28, 2012, 07:32:48 AM
 #4601

What are the consequences of having a "Poolhopping detected" message for my account stats ? I can't find this message documented anywhere.
It's added just for testing automatic detection routines, punishing is not implemented yet.

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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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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sadpandatech
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January 28, 2012, 07:36:33 AM
 #4602

What are the consequences of having a "Poolhopping detected" message for my account stats ? I can't find this message documented anywhere.
It's added just for testing automatic detection routines, punishing is not implemented yet.

slap them hoppers in the sack.  Grin

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
bittenbob
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January 30, 2012, 12:30:56 AM
 #4603

I was thinking of coming back to deepbit for several reasons. One of the largest is the BIP 16/17 issue of being untested. I support Tycho in his efforts to maintain the original protocol.

The second is that I recently discovered the pool I am with is selling its mining power and isn't really mining its own blocks. I did not sign up for that and someone said Deepbit is doing the same thing but I do not believe that is the case. Can you please confirm that deepbit is not selling any of its hashing power?
[Tycho]
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January 30, 2012, 01:11:12 AM
 #4604

The second is that I recently discovered the pool I am with is selling its mining power and isn't really mining its own blocks. I did not sign up for that and someone said Deepbit is doing the same thing but I do not believe that is the case. Can you please confirm that deepbit is not selling any of its hashing power?
No, we are not selling any hashing power.
Hashes of all our mined blocks are published on the stats page and can be analyzed by anyone to check this.
There are many reasons not to pull any tricks with "selling mining power", including those:
1) relaying shares to some other place greatly reduces stability.
2) selling small part of hashing power is meaningless, but selling most power is impossible since very few private projects can sustain it (if any)
3) (I forgot the 3rd one, but it has something to do with responsibility)

As for the case with your other pool, I think that pure PPS pool can do anything he wants with those shares unless you don't like some specific usage.

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.
bittenbob
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January 30, 2012, 01:17:45 AM
 #4605

The second is that I recently discovered the pool I am with is selling its mining power and isn't really mining its own blocks. I did not sign up for that and someone said Deepbit is doing the same thing but I do not believe that is the case. Can you please confirm that deepbit is not selling any of its hashing power?
No, we are not selling any hashing power.
Hashes of all our mined blocks are published on the stats page and can be analyzed by anyone to check this.
There are many reasons not to pull any tricks with "selling mining power", including those:
1) relaying shares to some other place greatly reduces stability.
2) selling small part of hashing power is meaningless, but selling most power is impossible since very few private projects can sustain it (if any)
3) (I forgot the 3rd one, but it has something to do with responsibility)

As for the case with your other pool, I think that pure PPS pool can do anything he wants with those shares unless you don't like some specific usage.

Thanks Tycho this is what I wanted to know. This other person claimed you were and I thought it was BS. As far as them doing what they want with hashing power because its PPS I just think it is misleading to call yourself a pool if you are really acting as proxy. I would like to know my shares are going towards x purpose and in this case it is preserving the current protocol.
os2sam
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January 30, 2012, 01:24:51 AM
 #4606


There are many reasons not to pull any tricks with "selling mining power"

So, what is the purpose of selling hash power to someone else?

I had never heard or conceived of such a thing until I looked at Goat's pool thread yesterday where he states he can pay more per share than the what is earned from solving blocks by reselling the hash's.

Why is that?  And how can that work?  And what are these third parties doing with these hash's/hash power that they are paying more than they are worth?

Very disturbing,
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
[Tycho]
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January 30, 2012, 01:37:58 AM
 #4607

There are many reasons not to pull any tricks with "selling mining power"
So, what is the purpose of selling hash power to someone else?
Possible reasons:
1) Direct this mining power to some pool with lower fees and just take the difference without supporting own servers.
2) Sell it to some other reseller, paying more than 0% PPS.
3) Sell it directly as mining contracts. This may sound like a kind of gambling, but some persons may think that in future, with ongoing difficulty or USD/BTC rate adjustments they can gain more than the amount paid for given hashrate. Sometimes this is profitable.

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.
bittenbob
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January 30, 2012, 01:43:31 AM
 #4608


There are many reasons not to pull any tricks with "selling mining power"

So, what is the purpose of selling hash power to someone else?

I had never heard or conceived of such a thing until I looked at Goat's pool thread yesterday where he states he can pay more per share than the what is earned from solving blocks by reselling the hash's.

Why is that?  And how can that work?  And what are these third parties doing with these hash's/hash power that they are paying more than they are worth?

Very disturbing,
Sam

You hit the nail on the head my friend. I am concerned about where sold hashing power may go. Who is to say someone doesn't buy the hashing power to mount a 51% attack or something like that.

Edit: Not that I think Goat would have anything to do with such an attack.
[Tycho]
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January 30, 2012, 01:43:44 AM
 #4609

Many months ago I created a thread, proposing considerable bounty of 50 BTC (~$1300 at the time of posting) for a new site tracking blockchain forks and double-spend attempts: https://bitcointalk.org/index.php?topic=7622.0

Recently this bounty was finally taken and now we can easily notice any performed attempts of evil forking, including 51% attacks: http://blockchain.info/orphaned-blocks

Double-spend tracking: http://blockchain.info/double-spends

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.
os2sam
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January 30, 2012, 01:43:51 AM
 #4610

There are many reasons not to pull any tricks with "selling mining power"
So, what is the purpose of selling hash power to someone else?
Possible reasons:
1) Direct this mining power to some pool with lower fees and just take the difference without supporting own servers.
2) Sell it to some other reseller, paying more than 0% PPS.
3) Sell it directly as mining contracts. This may sound like a kind of gambling, but some persons may think that in future, with ongoing difficulty or USD/BTC rate adjustments they can gain more than the amount paid for given hashrate. Sometimes this is profitable.

Is there a thread where this is discussed?  Yesterday was the first I had heard of it.
Thanks,
Sam

A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
bittenbob
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January 30, 2012, 01:48:33 AM
 #4611

Many months ago I created a thread, proposing considerable bounty of 50 BTC (~$1300 at the time of posting) for a new site tracking blockchain forks and double-spend attempts: https://bitcointalk.org/index.php?topic=7622.0

Recently this bounty was finally taken and now we can easily notice any performed attempts of evil forking, including 51% attacks: http://blockchain.info/orphaned-blocks

Double-spend tracking: http://blockchain.info/double-spends

Thats rather disturbing. More than 3 double spends being attempted as we speak by the looks of it.
[Tycho]
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January 30, 2012, 02:05:11 AM
 #4612

Thats rather disturbing. More than 3 double spends being attempted as we speak by the looks of it.
Most of those "attempts" are just people recently restored their wallet.dat from backups or trying to use copies of same wallet.dat file on different PCs without performing full rescan.
It's not dangerous.

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.
Endeavour79
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February 01, 2012, 08:41:22 AM
 #4613

Ist there any other port to use? My ISP blocks port 8332. Any chance to make port 80, 443 or anything like this available?

Cheers
End!

NSW, Australia - Rigs, Mining, Pools - Local help needed? Send me a message!
[Tycho]
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February 01, 2012, 03:26:21 PM
 #4614

Ist there any other port to use? My ISP blocks port 8332. Any chance to make port 80, 443 or anything like this available?
Currently no other ports are available for mining.

Have you tried asking your ISP support to unblock it ?

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.
mtminer
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February 02, 2012, 08:08:43 PM
 #4615

What is the recommend number of gpus per worker on deepbit?


Hawkix
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February 02, 2012, 08:45:45 PM
 #4616

Hundreds! Smiley

Donations: 1Hawkix7GHym6SM98ii5vSHHShA3FUgpV6
http://btcportal.net/ - All about Bitcoin - coming soon!
[Tycho]
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February 02, 2012, 09:56:22 PM
 #4617

What is the recommend number of gpus per worker on deepbit?
I recommend using one worker per one mining core. This also makes monitoring easier.
Directing more than 20 miners to single worker account will disable LP for this worker.

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.
m3ta
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February 02, 2012, 10:42:32 PM
 #4618

Quote
Click on the worker name to open it's control page

-> Click on the worker name to open its control page

Elementary school was a bitch for some people, huh...?

Why the frell so many retards spell "ect" as an abbreviation of "Et Cetera"? "ETC", DAMMIT! http://en.wikipedia.org/wiki/Et_cetera

Host:/# rm -rf /var/forum/trolls
rjk
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February 02, 2012, 10:45:36 PM
 #4619

Quote
Click on the worker name to open it's control page

-> Click on the worker name to open its control page

Elementary school was a bitch for some people, huh...?
STFU noob. [Tycho]'s native language is Russian, don't blame him for each mistake like a small kid.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
bittenbob
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February 03, 2012, 04:26:53 AM
 #4620

I noticed under advanced the other day that I had found a block at some point. I have only made about 8BTC from Deepbit so this was both extremely lucky and unlucky. It would be nice if there were some sort of a reward for finding a block quicker than you should but I don't think that will happen. Of course I could go solo mining but that would be fruitless since the odds of me finding another block soon are slim to none. Can you at least show the date and block id of the ones we found? Another idea would be to split the transaction fees with the block finder since they are currently kept by the pool operators. I came back because I think neither BIP 16/17 are ready for deployment without additional testing and I found out some things I didn't like about the other pool I switched to. In all honesty, once the BIP thing blows over I will probably be looking for another pool again but I think these are things you should look at.
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