Crypt2014
Newbie
 Offline
Activity: 22
Merit: 0
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March 10, 2014, 03:05:37 AM |
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Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?
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"You Asked For Change, We Gave You Coins" -- casascius
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Radi777
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March 10, 2014, 03:06:17 AM |
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Auction Ending at 11:44:59 PM EST. Buy 5,000,000 GPUCoins Now! https://bitcointalk.org/index.php?topic=496045.msg5615420#msg5615420Current bidding is below. Please remember minimum bid increase is .1 BTC. AUCTION WILL END 59 MINUTES and 59 SECONDS AFTER BLOCK 2600 IS MINED! Bidding format: "I bid .6 BTC for Batch 2" or "I bid .2 on all batches" or "i bid .8 BTC for Batch 1, 2 & 3" Live Auctions:
Batch 1 - 1,000,000 GPUCoins - Current bid: .7 BTC (Jackblack90909)
Batch 2 - 1,000,000 GPUCoins - Current bid: .7 BTC (anonymous)
Batch 3 - 1,000,000 GPUCoins - Current bid: .7 BTC (iampingu)
Batch 4 - 1,000,000 GPUCoins - Current bid: .7 BTC (sgh858)
Batch 5 - 1,000,000 GPUCoins - Current bid: .7 BTC (mingcoin)Happy Bidding! wow...way to make your money...idk why someone would pay 0.7btc for 1M |
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MrE78
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March 10, 2014, 03:06:33 AM |
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Like CEX.IO but better SCRYPT.CC Scrypt based cloud hashing PM for script for auto reinvest
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hughjays77
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March 10, 2014, 03:07:43 AM |
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You are. I would suggest a freshman level statistics & probability course  Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?
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laterbreh
Member
Offline
Activity: 84
Merit: 10
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March 10, 2014, 03:08:19 AM |
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PCJargon
Full Member
Offline
Activity: 126
Merit: 100
Smashing rocks with my GPU
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March 10, 2014, 03:08:31 AM |
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Seriously guys. If you're on DedicatedPools GPU coin pool, PLEASE FIND A DIFFERENT POOL. You guys are going to fork!
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Check out this site for legit free BTC. It's like an hourly free lottery ticket that always pays out at least 300 satoshi, and could net you over .3 BTC if you're really lucky. Just gotta fill out a captcha each time. (basically a faucet with chance of real reward) http://freebitco.in/?r=242778 |
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cozk
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March 10, 2014, 03:08:43 AM |
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If it trades for an hour under 100 Sat Im OUT !!
MOVE MINERS FROM DEDICATED POOL. |
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Omega0255
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March 10, 2014, 03:09:17 AM |
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Seriously guys. If you're on DedicatedPools GPU coin pool, PLEASE FIND A DIFFERENT POOL. You guys are going to fork!
Wouldn't they be the main fork though? |
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BorisTheSpider
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March 10, 2014, 03:09:50 AM |
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Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?
It doesn't work like that - you get paid exactly the same on any (honest) pool - your variance will be lower on a big pool because it's less likely they go hours without hitting a block, but on the other hand, does a few hours matter much??? Is your view that short term??? OTOH, if you join the biggest pool, you basically attack the blockchain - if someone has over 50% of nethash (in fact, more accurately, if they have anywhere near 50%, so even 30% is bad) then the coin is fundamentally untrustworthy at that point - no-one can know without forensically analysing the blockchain that bad stuff hasn't been pulled off - that is terrible for the value of any coins you mine. |
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goodluck0319
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March 10, 2014, 03:10:18 AM |
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what is fork? really. what does it mean?
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byteflush
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March 10, 2014, 03:10:34 AM |
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You are. I would suggest a freshman level statistics & probability course Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?
You are being mean.  I also did not understand it until I read some more about it. Try http://learncryptography.com/51-attack/Basically, if someone controls 51% of a coin it could lead to an attack that would enable double-spending and functionally ruin the coin. what is fork? really. what does it mean?
Fork is a different "version" of the same coin, in layman terms. It basically means that the coin has split, and since it's a Peer-to-peer network for transactions, it depends who your (network) peers are. |
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Krazy-E
Jr. Member
Offline
Activity: 50
Merit: 1
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March 10, 2014, 03:10:59 AM |
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Auction Ending at 11:44:59 PM EST. Buy 5,000,000 GPUCoins Now! https://bitcointalk.org/index.php?topic=496045.msg5615420#msg5615420Current bidding is below. Please remember minimum bid increase is .1 BTC. AUCTION WILL END 59 MINUTES and 59 SECONDS AFTER BLOCK 2600 IS MINED! Bidding format: "I bid .6 BTC for Batch 2" or "I bid .2 on all batches" or "i bid .8 BTC for Batch 1, 2 & 3" Live Auctions:
Batch 1 - 1,000,000 GPUCoins - Current bid: .7 BTC (Jackblack90909)
Batch 2 - 1,000,000 GPUCoins - Current bid: .7 BTC (anonymous)
Batch 3 - 1,000,000 GPUCoins - Current bid: .7 BTC (iampingu)
Batch 4 - 1,000,000 GPUCoins - Current bid: .7 BTC (sgh858)
Batch 5 - 1,000,000 GPUCoins - Current bid: .7 BTC (mingcoin)Happy Bidding! wow...way to make your money...idk why someone would pay 0.7btc for 1M I wonder how much they should be worth. IPO x2,3,4,5 ?? Hard to guess. |
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OmarG
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March 10, 2014, 03:11:18 AM |
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www.omargpools.ca:9404Come mine 1% Fee Canadian Hosted P2Pool!!! Spread the hash to prevent a fork and join a P2Pool!
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BorisTheSpider
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March 10, 2014, 03:11:24 AM |
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Seriously guys. If you're on DedicatedPools GPU coin pool, PLEASE FIND A DIFFERENT POOL. You guys are going to fork!
Wouldn't they be the main fork though? Having a lot of hashrate won't fork a coin, contrary to popular opinion, unless that pool chose to isolate themselves from the rest of the network and not publish their blocks. What it will do is give the pool owner the ability to do bad stuff. That's not to say dedicated would do that - I'm sure they wouldn't, but it fundamentally undermines trust in the coin. |
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navarthelol
Member
Offline
Activity: 133
Merit: 11
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March 10, 2014, 03:11:57 AM |
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Seriously guys. If you're on DedicatedPools GPU coin pool, PLEASE FIND A DIFFERENT POOL. You guys are going to fork!
Wouldn't they be the main fork though? Why is it going to fork btw? I moved over |
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Omega0255
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March 10, 2014, 03:12:33 AM |
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Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?
It doesn't work like that - you get paid exactly the same on any (honest) pool - your variance will be lower on a big pool because it's less likely they go hours without hitting a block, but on the other hand, does a few hours matter much??? Is your view that short term??? OTOH, if you join the biggest pool, you basically attack the blockchain - if someone has over 50% of nethash (in fact, more accurately, if they have anywhere near 50%, so even 30% is bad) then the coin is fundamentally untrustworthy at that point - no-one can know without forensically analysing the blockchain that bad stuff hasn't been pulled off - that is terrible for the value of any coins you mine. That's not ENTIRELY true. A big pool will improve variance which is VERY important at low difficulties. Say you're on a small pool or hell solo mining, and you don't get a block for the first 3 hours. You just blew your low difficulty period while the large pool gives out blocks every 10 minutes while mining low difficulty. If the coin was stable, sure it'd be the same but a brand new coin with almost no difficulty, variance plays a big role. |
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tagged
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March 10, 2014, 03:12:59 AM |
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Current bids:
Bidding format:
"I bid .8 BTC for Batch 2" or "I bid .1 more on all batches" or "i bid .8 BTC for Batch 1, 2 & 3"
Live Auctions:
Batch 1 - 1,000,000 GPUCoins - Current bid: .8 BTC (tyler26)
Batch 2 - 1,000,000 GPUCoins - Current bid: .8 BTC (stevenb)
Batch 3 - 1,000,000 GPUCoins - Current bid: .8 BTC (stevenb)
Batch 4 - 1,000,000 GPUCoins - Current bid: .7 BTC (sgh858)
Batch 5 - 1,000,000 GPUCoins - Current bid: .7 BTC (mingcoin)
see sig line to bid!!
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j23a
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March 10, 2014, 03:13:18 AM |
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So I have 290x, both running around 400 Kh/s, but so far since block 260 I've only gotten 60 coins on dedicated pool, and the pool is reporting that my hashrate is 108 kh/s.
Anybody else also getting that big of a difference?
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TBTSX4-NKRX55-HF2ECG-SHPBG3-XIDD2Y-QDRI3N-P2O6 |
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Crypt2014
Newbie
Offline
Activity: 22
Merit: 0
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March 10, 2014, 03:13:44 AM |
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You are. I would suggest a freshman level statistics & probability course Can someone help explain for a newbie - If Dedicated has around 800 workers and is finding most of the blocks in that pool, why would we want to move to a smaller pool finding less blocks... I would think that by being on the bigger pool and finding most of the blocks, we may not get as many shares but at least we would get _some_ shares from most of the blocks... Or I am thinking about this from the wrong angle?
You are being mean. I also did not understand it until I read some more about it. Try http://learncryptography.com/51-attack/Basically, if someone controls 51% of a coin it could lead to an attack that would enable double-spending and functionally ruin the coin. what is fork? really. what does it mean?
Fork is a different "version" of the same coin, in layman terms. It basically means that the coin has split, and since it's a Peer-to-peer network for transactions, it depends who your (network) peers are. Thanks for the replies.... All I know about statistics is that 67% of them are wrong, probably (That was an attempt at a joke  ) I will switch to another pool and hit that google thing tomorrow to try and learn more ... thanks! |
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