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Author Topic: DeepBit Controls About 40% of the Hashrate, Should We Be Afraid?  (Read 2484 times)
Jezzz
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August 30, 2011, 05:50:04 PM
 #21

Jack of Diamonds,

Yeah.  rfcpool has closed the 7% PPS and has relaunched with a PPLNS system.  I previously mined Prop and PPS.  So far, I prefer PPLNS.
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AssemblY
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August 30, 2011, 08:16:41 PM
 #22

(...) If it is a concern for you mine on a mid sized pool and encourage your friends and acquaintances too Cheesy

Yes, that's right.

The first Brazilian pool is coming soon.  Wink
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August 30, 2011, 11:42:02 PM
 #23

no
*if* they get over 50% or the network they have a "chance" of taking over the network (if they wanted to), but even at 90% of the network there is still a 10% a chance they would not succeed.
false, at 90% of the network if they hide the block chain they have 90% chance of generating one block, but the chance of generating two blocks before the main chain generates two blocks is GREATER than 90%

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August 31, 2011, 01:30:33 AM
 #24

Is there a reason for deepbit to be so popular despite it's being popular anyway?

I mean they charge the highest percentage and all these 'advantages' they offer like paying for invalid blocks is a statistical zero sum game...

simplicity and safety, i dont care if i earn a few bitcoins less each month as a tradeoff.  I log in their website once a while and see my coins automatically transferred to my wallet, all my miners running, and everything just works, website is easy to use and the whole exercise takes less than 30 sec, then i move on with my life.

they had some stability issues a month or two back which i complained loudly and almost switched pool, but since then no downtime or any problems so i stayed.

also their size alone give them legitimacy, as it's less likely they will do anything shady behind the scenes.

the only thing i wish deepbit will implement is an alarm that auto sends an email if your miners are down, as it is now i still have to log in once few days to check on my miners.

Sukrim
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August 31, 2011, 03:05:19 AM
 #25

also their size alone give them legitimacy, as it's less likely they will do anything shady behind the scenes.
It's far easier to hide that as "noise" though for them...

Try to prove that they don't take a block every week for themselves! Wink

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MajorMiner
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September 01, 2011, 03:12:54 PM
 #26

What about smaller pool like eligius.st? Seems like a steady payout regardless of block size. They outpaced BTCGuild and Bitclockers for me. Does Deepbit payout more than them?

"From a small seed a mighty trunk may grow." -Aeschylus
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September 08, 2011, 12:00:11 PM
 #27

I like SMPPS since it has the best of everything: low variance, easy auditing, minimal to zero fees, no problems with poolhoppers.  The only downside is your payouts are slightly delayed.

I left Eligius because I object to littering Christian prayers all over the block chain, but in every other regard they run a good shop.  Arsbitcoin is my new choice for a midsize SMPPS pool.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
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