[DEAD] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too

[os008]

What's the number in the bottom right corner on your web-site for? It keeps changing every time i switch pages.

[1713501353]

1713501353

[1713501353]

1713501353

[[Tycho]]

What's the number in the bottom right corner on your web-site for? It keeps changing every time i switch pages.

It's time spent for generating this page. Not connected to the pool at all.
Letters and numbers at the bottom left corner is bitcoin address - you can send donations there :)

[[Tycho]]

I would be pleased if [Tycho]'s pool stayed right around 30-35Ghash  ;)

Why ? :)

[hazek]

I would be pleased if [Tycho]'s pool stayed right around 30-35Ghash 

Why ?

I imagine because with more the proportional share gets smaller and smaller for those with high speed hashing.

[[Tycho]]

I would be pleased if [Tycho]'s pool stayed right around 30-35Ghash  ;)

Why ? :)

I imagine because with more the proportional share gets smaller and smaller for those with high speed hashing.

Yes, is gets smaller, but more often. Overall reward per hour/day will be the same.

[JWU42]

Yep - I understand my statement lacks logic...

Something about seeing rewards getting smaller is disappointing (even if they are more frequent)

[hazek]

Could pools get so big that the difficulty gets so high that not being in a pool even if you have 4 GPUs of your own wont be worth mining anymore unless you also join a pool?

Could pools get so big that one pool could have enough hashing speed to actually compromise the network?

[Neereus]

Could pools get so big that the difficulty gets so high that not being in a pool even if you have 4 GPUs of your own you'll be better off in a poll then not?

From what I understand, it's actually approaching that fairly quickly.

Could pools get so big that one pool could have enough hashing speed to actually compromise the network?

Not sure I understand what you mean by compromising the network.

[BitLex]

Could pools get so big that the difficulty gets so high ...

difficulty gets higher with more network-hashing-power, doesn't matter if that power is pooled or not.

...wont be worth mining...

not a matter of difficulty, or hashpower at all.

Could pools get so big that one pool could have enough hashing speed to actually compromise the network?

in theory, yes.

[hazek]

Not sure I understand what you mean by compromising the network.

Well say that people join a pool that's being run on a server that belongs to someone who want's to attack the network and compromise the chain with fake transactions. I read countless of times on these forums and in the wiki that something like is impossible because someone would need a cpu power to match at least 50% of the rest of the network. Well isn't that what a pool is? Basically a server with the power of loads and loads of CPUs combined?

[hazek]

Could pools get so big that one pool could have enough hashing speed to actually compromise the network?

in theory, yes.

In theory?! Are you sure it's not just in theory? Isn't this a serious issue?

[Neereus]

Not sure I understand what you mean by compromising the network.

Well say that people join a pool that's being run on a server that belongs to someone who want's to attack the network and compromise the chain with fake transactions. I read countless of times on these forums and in the wiki that something like is impossible because someone would need a cpu power to match at least 50% of the rest of the network. Well isn't that what a pool is? Basically a server with the power of loads and loads of CPUs combined?

Technically yes, but I think we will be seeing more pools in the future(already see 3 biggish ones), so having that much power isn't foreseeable.

[BitLex]

Isn't this a serious issue?

if you don't trust a pool-operator, don't use the pool.
it just takes a few seconds to switch to another pool, or solo-mining.

[hazek]

Isn't this a serious issue?

if you don't trust a pool-operator, don't use the pool.
it just takes a few seconds to switch to another pool, or solo-mining.

You make it sound like I'm spoiling the party or something 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?

[os008]

Based on my calculations, it won't be worth it to mine in a pool in 3 months; for me anyway. After that, i'm thinking of solo mining for the fees involved in transactions; read they go to whoever generates the block. I think they'll go higher; right now they're mostly non-existent (?).

We'll see soon enough anyway. Don't earnings become 2/3 every 10 days or so?

[N12]

There is already a lot of competition between pools, so this isn’t an issue (anymore).

[hazek]

There is already a lot of competition between pools, so this isn’t an issue (anymore).

What if someone manages to hack and attack 3 or 4 or half of the pools at the same time and get them under their control? I don't know I'm just very worried when I see so much CPU power being harnessed by so few individual servers.

EDIT: Or better yet they attack and shutdown all the rest of the pools but their own??

[os008]

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.

[[Tycho]]

There is already a lot of competition between pools, so this isn’t an issue (anymore).

What if someone manages to hack and attack 3 or 4 or half of the pools at the same time and get them under their control? I don't know I'm just very worried when I see so much CPU power being harnessed by so few individual servers.
EDIT: Or better yet they attack and shutdown all the rest of the pools but their own??

It's very unlikely that someone can not only hack all the pools, but do this simultaneously.
For this to happen, evil guy should gain access to all servers some days before the operation. As i know, currently our pools use completely different software and even operating systems. I think that pool operators will have enough time to warn people or shut everything down and good network will take control of the chain back again.

[[Tycho]]

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.