kamrog
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January 25, 2014, 03:31:26 PM |
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Error (509) This account's public links are generating too much traffic and have been temporarily disabled!
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httpb
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January 25, 2014, 09:41:19 PM |
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Can someone explain to me why that 51% hashrate on a single pool doesn't apply to new coins?
Or should the goal of every new coin be to spread to multiple pools as fast as possible? I ask because on another "new" coin that I'm interested in they took measures on a biggest pool by closing registration and pointing them to other pools. Should Cryptonium also do this since the official pool takes most of the hashrate now.
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poolers
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January 25, 2014, 11:57:00 PM Last edit: January 26, 2014, 12:37:36 AM by poolers |
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There are several pools but users choice is a bit swayed in the case of CRN since the first pool was labeled as an Official pool. This puts the other pools at a big disadvantage from the start. People tend to go where everyone else is going because that is where blocks are being found most frequently. Most people don't understand the importance of spreading out the hashing power to keep the currency protected and out of the control of any 1 individual.
A pool having more than 51% of the hashrate is really only ever a problem when the holder of that hashpower has malicious intent though. In this case it is doubtful that anything bad will come of it since it is the coin dev that holds control of the net hashrate and I can't imagine that the creator of a coin would do anything to harm the currency.
Even taking into consideration though that dev is not likely to do anything malicious with his control of the net hashrate, this is still a bad thing for the network as a whole. People are less likely to start participating in a coin where someone has control. The appeal of cryptocurrency has a lot to do with the idea of it being unregulated and out of the control of any individuals. Someone controlling more than 51% has the ability cause a lot of problems for the coin and a lot of people just aren't comfortable with anyone having that sort of control of the currency.
Some of the things having over 51% could allow are: -Forking the blockchain -Reversing transactions -Doing double-spend transactions -Preventing confirmations -Preventing solo miners or miners at other pools from mining valid blocks at all.
Again, this would have to be done with intent which I don't suspect the creator of the coin would do, but people feel a lot better about a currency where nobody has these abilities.
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psomas2
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January 26, 2014, 01:49:27 AM |
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Its exactly like you say , thats why we keep all pool links in thread and i suggest to users to select the pool they like...
We have set the official pool in order to cover servers costs and give the users a stable pool to mine on.
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Rule #1 Never get emotional when trading.
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Vlizzjeffrey
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January 26, 2014, 03:17:44 AM |
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This is the most stable mining experience i've had so far since im mining altcoins.
This server never goes down, almost zero rejects, good job guys, i dont know why not more miners are mining CRN? its a great coin to mine.
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KeyserSozeMC (OP)
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January 26, 2014, 05:01:24 AM |
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Just mine : ) When CRN hits a exchange a lot of people will say they were late ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Hey, smexy. Don't waste your time. Time's precious.
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easymoneysniper
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January 26, 2014, 05:03:29 AM |
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Its been 3 fucking days since I put in a request for withdrawal at crycurex. fucking dumbass exchange.
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KeyserSozeMC (OP)
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January 26, 2014, 05:14:17 AM |
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Its been 3 fucking days since I put in a request for withdrawal at crycurex. fucking dumbass exchange.
Have you contacted him through mail, IRC or skype? ( crycurex.com <- skype name )
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Hey, smexy. Don't waste your time. Time's precious.
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sherman21
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January 26, 2014, 08:05:52 AM |
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Charloz24
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January 26, 2014, 08:07:48 PM |
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It's too quiet here, so nothing to revive the coin?
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niktitan132
Legendary
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Activity: 1036
Merit: 1000
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January 26, 2014, 08:11:17 PM |
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It's too quiet here, so nothing to revive the coin?
First 2 who post CRN address will get each 5 CRN! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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21solider21
Member
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January 26, 2014, 08:40:28 PM |
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FHoa4MMWVA3PHstsXHtnD7yKbehMTXmEdC Thank you! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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niktitan132
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Activity: 1036
Merit: 1000
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January 26, 2014, 08:44:32 PM |
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FHoa4MMWVA3PHstsXHtnD7yKbehMTXmEdC Thank you! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Sent! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yes! Where is you address? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Sberbank
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January 26, 2014, 08:44:40 PM |
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It's too quiet here, so nothing to revive the coin?
First 2 who post CRN address will get each 5 CRN! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) FBoi9S6hiKiLfup9ZTAB6adNDTRJaJdEgs THX
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niktitan132
Legendary
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Activity: 1036
Merit: 1000
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January 26, 2014, 08:46:29 PM |
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It's too quiet here, so nothing to revive the coin?
First 2 who post CRN address will get each 5 CRN! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) FBoi9S6hiKiLfup9ZTAB6adNDTRJaJdEgs THX Sent you! I'm still waiting for anotherlateminer's CRN address! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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anotherlateminer
Legendary
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Activity: 1414
Merit: 1003
Bagholder. Hodling shit since 2014
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January 26, 2014, 08:48:30 PM |
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It's too quiet here, so nothing to revive the coin?
First 2 who post CRN address will get each 5 CRN! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) FBoi9S6hiKiLfup9ZTAB6adNDTRJaJdEgs THX Sent you! I'm still waiting for anotherlateminer's CRN address! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I redirect it to the next poster. 1 more to go!
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