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Author Topic: Surely this isn't a 51% attack on bitcoins, right?  (Read 5126 times)
abracadabra
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October 13, 2011, 01:44:20 PM
 #61

https://rfcpool.com/ still working just fine  Wink

+1

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DeathAndTaxes
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Gerald Davis


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October 13, 2011, 07:43:58 PM
 #62

It is my understanding that Ghash's count towards blocks found either solo or at a  pool equally well.

This.  Being in a pool doesn't solve a block faster.  The only disadvantage to solo mining is variance.  The only advantage to a pool is reduced variance.  If you are in a pool you STILL have the exact same variance in your individual block solving times the pool merely smooths the financial aspect of that variance.
paraipan
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Firstbits: 1pirata


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October 13, 2011, 07:55:15 PM
 #63

It is my understanding that Ghash's count towards blocks found either  solo or at a  pool equally well.

This.  Being in a pool doesn't solve a block faster.  The only disadvantage to solo mining is volatility.  If you are in a pool you STILL have the exact same volatility in block solving times (as an individual) the pool merely smooths the financial aspect of that volatility.

...you mean variance, right ?

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DeathAndTaxes
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Gerald Davis


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October 13, 2011, 08:01:46 PM
 #64

It is my understanding that Ghash's count towards blocks found either  solo or at a  pool equally well.

This.  Being in a pool doesn't solve a block faster.  The only disadvantage to solo mining is volatility.  If you are in a pool you STILL have the exact same volatility in block solving times (as an individual) the pool merely smooths the financial aspect of that volatility.

...you mean variance, right ?

Yeah variance is likely better word choice.  Pretty sure the words are interchangeable though.  right?
meanig
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October 13, 2011, 08:18:27 PM
 #65

In statistics variance=(volatility)^2, but colloquially the two can be interchanged.
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