btcdrak
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January 09, 2014, 03:04:20 PM |
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gavin should do a patch sooner rather than later.
What could he do? |
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server
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1 BTC =1 BTC
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January 09, 2014, 03:11:57 PM
Last edit: January 09, 2014, 03:29:49 PM by server |
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other pools can lower their rates...
otherwise BGuild etc.. will follow the Deepbit route.
But I think pool operators only care about their % and not about the network.
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Delarock
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January 09, 2014, 03:15:33 PM |
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I know I'm jumping in on this halfway and I'm going to get caught up ASAP, but all morning I've been wondering the same thing... What have the OTHER pools been doing to make it more attractive for miners to leave GHash.io? Why are all the efforts focused on getting people to leave?
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klondike_bar
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Merit: 1005
ASIC Wannabe
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January 09, 2014, 04:07:31 PM |
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I know I'm jumping in on this halfway and I'm going to get caught up ASAP, but all morning I've been wondering the same thing... What have the OTHER pools been doing to make it more attractive for miners to leave GHash.io? Why are all the efforts focused on getting people to leave?
eligius has 0% fees, a simple structure, NMC merged mining, and also shared the tx fees. I moved 600Gh there already |
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dg2010
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January 09, 2014, 04:15:42 PM |
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If these arse-holes had a fucking brain they would self limited their hashing power to a sensible number like 35-40% of the network to ensure we don't have a problem like today as they creep onto 50%.
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justusranvier
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January 09, 2014, 04:21:56 PM |
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If these arse-holes had a fucking brain they would self limited their hashing power to a sensible number like 35-40% of the network to ensure we don't have a problem like today as they creep onto 50%.
People are buying up mining shares on cex.io for above their NPV because they expect to profit from selling them to a greater fool later. That situation doesn't exactly create the best set of incentives for good pool behaviour. |
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mb300sd
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Activity: 1260
Merit: 1000
Drunk Posts
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January 09, 2014, 04:26:22 PM |
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I know I'm jumping in on this halfway and I'm going to get caught up ASAP, but all morning I've been wondering the same thing... What have the OTHER pools been doing to make it more attractive for miners to leave GHash.io? Why are all the efforts focused on getting people to leave?
eligius has 0% fees, a simple structure, NMC merged mining, and also shared the tx fees. I moved 600Gh there already Don't forget GBT, so even with 51% they couldn't attack the network. Although the raspi on my bitfury can't seem to handle it  |
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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Buffer Overflow
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January 09, 2014, 05:02:28 PM |
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If these arse-holes had a fucking brain they would self limited their hashing power to a sensible number like 35-40% of the network to ensure we don't have a problem like today as they creep onto 50%.
IMO any single entity controlling > 1% is a concern. |
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FractalUniverse
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January 09, 2014, 05:10:20 PM |
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I know I'm jumping in on this halfway and I'm going to get caught up ASAP, but all morning I've been wondering the same thing... What have the OTHER pools been doing to make it more attractive for miners to leave GHash.io? Why are all the efforts focused on getting people to leave?
pool i use - triplemining is giving part of the fees back in jackpot, so it has some attractivity. But problem is the overall hashrate is not too big and it creates wicked circle, because with rising difficulty people migrate to large pools, just because they find blocks much faster. -and it can take days with smaller pools to get block Thats why you get some big pools approaching 50% time to time. I don't think its much about fees, but more likely the reward waiting time. |
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withnail
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January 09, 2014, 05:17:23 PM |
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You guys are either really paranoid ..
Or I'm overly naive ..
I think it is the latter |
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btcdrak
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Merit: 1000
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January 09, 2014, 05:52:33 PM |
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Dafar
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Merit: 1000
dafar consulting
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January 09, 2014, 05:58:22 PM |
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I wouldn't believe anything they say. Obviously they won't attack the network and devalue bitcoin but they still want to have majority hashing power. They are pretty much congratulating themselves in that letter and they won't introduce trading fees like BTC Guild did to make miners move to other pools. Just look at their fucking logo... they look and sound like a typical villain corporation |
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Marinowner
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January 09, 2014, 05:58:59 PM |
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independent mining facilities are people who with their mining gear connect to ghash pool or? |
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justusranvier
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January 09, 2014, 05:59:33 PM |
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If they do indeed start allowing CEX.IO users to choose their own pool that will greatly improve the situation. |
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btcdrak
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January 09, 2014, 06:01:20 PM |
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0% fees will destroy competition and they can afford to do it because they are getting revenue from other sources, this cannot be said about the other pools. BTCGuild makes a little selling ASICMiner Block Eruptors but basically, 0% fees are the death of competition because the majority of miners are not altruistic, they are doing it for the money.
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HellDiverUK
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January 09, 2014, 06:02:40 PM |
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BTCGuild makes a little selling ASICMiner Block Eruptors
Unless they're in a time warp, they don't. |
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mb300sd
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Drunk Posts
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January 09, 2014, 06:04:18 PM |
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0% fees will destroy competition and they can afford to do it because they are getting revenue from other sources, this cannot be said about the other pools. BTCGuild makes a little selling ASICMiner Block Eruptors but basically, 0% fees are the death of competition because the majority of miners are not altruistic, they are doing it for the money.
Eligius has 0% fees, and PPS. Switch now, and USE GBT! |
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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NewLiberty
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Gresham's Lawyer
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January 09, 2014, 06:20:06 PM |
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You guys are either really paranoid ..
Or I'm overly naive ..
Seems to me they've got a good and working business model ..
They have no incentive to kill the goose ..
Triff ..
Much money can made on both upside and downside. Even more when you know ahead of time which way it will go and why. Giving such control to anyone is not good for everyone, that is why some are not so happy about central banking. If folks wanted to have such control in the hands of so few, they should use dollars. Unless this is resolved in a better way, it removes much of the value of project bitcoin. |
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NewLiberty
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Gresham's Lawyer
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January 09, 2014, 06:23:13 PM |
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If they do indeed start allowing CEX.IO users to choose their own pool that will greatly improve the situation. Though they will still control the ability to choose, and the visibility and implementation of the choice. The even more encouraging element was the "no new miners in our pool" elements. |
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Marinowner
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Activity: 17
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January 09, 2014, 06:41:16 PM |
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If they do indeed start allowing CEX.IO users to choose their own pool that will greatly improve the situation. Though they will still control the ability to choose, and the visibility and implementation of the choice. The even more encouraging element was the "no new miners in our pool" elements. no registrations any more or no solo miners who connect to pool? |
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