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Author Topic: [POOL] - Coinotron --- FIRST ETH-ETC MULTIPORT - profit switchng port 7777  (Read 216645 times)
lowbander80
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I want more Hash than I can have!!!


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May 18, 2014, 03:52:36 AM
 #1281

Anyone noticed Coinotron is 47% of the network
I am not sure what this means but I think I have heard about the
same thing on Bitcoin and was alarming is this a bad situation
I know its technical but do I have to worry about pointing my miners
to Coinotron


From Seti@home to Bitcoin+LTC and then Huh
Achtung scammers claim honesty
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FreeJack2k2
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May 18, 2014, 04:01:54 AM
 #1282

Seriously, Coinotron needs to get their situation in check. They have some gigantic Chinese hashrate coming in right now due to the new ASICs and are not doing anything to throttle back their percentage. They are really inviting the DDOSers right now.

Leave this pool, miners. There are many great fee-less LTC pools out there.
coinotron
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May 18, 2014, 07:25:58 PM
 #1283

FYI
I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate.

FreeJack2k2
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May 18, 2014, 09:51:48 PM
 #1284

FYI
I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate.

You should be attempting to mitigate it to no more than 40% of the network, especially during this tricky period of time as ASICs start deploying, worldwide. The impact of those coming online can quickly push you well over 50% if you are already close. Be responsible or your greed will cost EVERYONE.
mindragon
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May 19, 2014, 10:46:32 PM
 #1285

Just sending an email to a couple of miners is not enough. Either raise fees to 50%, or simply turn off the server until they move. Either way you will save the coin. Do nothing and all of Litecoin will be lost because of your incompetence.
Pencha
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May 19, 2014, 11:28:07 PM
 #1286

If he turns the pool off he could say goodbye to all miners. Closing registration wont do anything.
There are other solutions. Some of you wouldn't like any of the solutions but something need's to be done.
FreeJack2k2
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May 19, 2014, 11:34:26 PM
 #1287

FYI
I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate.

YOU HAVE OVER 50% RIGHT NOW.

FIX IT.

And on a side note, why in the world is every Tom, Dick and Harry with new ASICs deploying them at Coinotron instead of other pools?
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May 19, 2014, 11:47:30 PM
 #1288

Yeah, why? You cant stop anybody to mine on coinotron, that is the problem. Few miners should migrate on other pools.
FreeJack2k2
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May 20, 2014, 12:14:54 AM
 #1289

Yeah, why? You cant stop anybody to mine on coinotron, that is the problem. Few miners should migrate on other pools.

If you care about the health of the Litecoin network and you see how irresponsibly Coinotron is handling itself as a major pool operator, you should feel very motivated to switch to one of the many other great pools (many with NO FEES) and leave this clown show behind.

Any pool that will allow itself to get 51% of the network hashrate of a coin without doing something to stop it early is NOT a pool that anyone should support, whatsoever.
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May 20, 2014, 12:35:36 AM
 #1290

I care about LTC but i dont mine it for some time.
I'm mining something else on Coinotron.
TheMage
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May 20, 2014, 12:40:55 AM
 #1291

I made this post on reddit, and have also posted in the litecointalk forums as well.

http://www.reddit.com/r/litecoin/comments/25zkw3/coinotron_hits_51_and_they_arent_taking_it/


Quote
Hello fellow Litecoiners,

In wake of coinotron getting to %51 of the network hash rate I am taking drastic actions and I implore you to help, this is what you can do.

1. Upvote this so others can see
2. Help me scrub their name from every site you can, this can at least prevent people from seeing this and think its ok to join them.
3. If you mine with them, leave immediately and join another pool, preferably a P2Pool.

Follow me on twitter https://twitter.com/TheRealMage for Litecoin and Litecoin Association news!
ahmed_bodi
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May 20, 2014, 08:32:34 AM
 #1292

to be fair as a pool op myself. i do think you guys are being harsh on him. The best solution for coinotron to do is to massively up the fees. This would stop people from mining on there making the hashrate fall near instantly. (Ive been in that situation on various alts and that was the only solution that worked)

Bitrated user: ahmedbodi.
coinotron
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May 20, 2014, 03:10:07 PM
 #1293

to be fair as a pool op myself. i do think you guys are being harsh on him. The best solution for coinotron to do is to massively up the fees. This would stop people from mining on there making the hashrate fall near instantly. (Ive been in that situation on various alts and that was the only solution that worked)

My situation is quite different. Currently there are 2-3 big miners on Coinotron. Right now I'm talking to the biggest one. He promised to switch part of his hashrate either to doge pool or to other LTC pools in few hours. My goal is to bring down Coinotron's hashrate to about 40% which should be win-win solution for my pool and network security.

FreeJack2k2
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May 20, 2014, 04:19:00 PM
 #1294

to be fair as a pool op myself. i do think you guys are being harsh on him. The best solution for coinotron to do is to massively up the fees. This would stop people from mining on there making the hashrate fall near instantly. (Ive been in that situation on various alts and that was the only solution that worked)

My situation is quite different. Currently there are 2-3 big miners atm on Coinotron. Right now I'm talking to the biggest one. He promised to switch part of his hashrate either to doge pool or to other LTC pools in few hours. My goal is to bring down Coinotron's hashrate to about 40% which should be win-win solution for my pool and network security.

The thing is, most of these users are not going to budge unless you do something, because they will all just sit on their hands waiting for "the other guy" to move to another pool. People are complacent.

Your pool is STILL at 51% so your "kind requests" are falling on deaf ears. Those users are splitting their hashrate, all right...they're just doing it into other Coinotron accounts. They aren't leaving the Litecoin pool.

FIX IT.
coinotron
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May 20, 2014, 09:35:49 PM
 #1295

to be fair as a pool op myself. i do think you guys are being harsh on him. The best solution for coinotron to do is to massively up the fees. This would stop people from mining on there making the hashrate fall near instantly. (Ive been in that situation on various alts and that was the only solution that worked)

My situation is quite different. Currently there are 2-3 big miners atm on Coinotron. Right now I'm talking to the biggest one. He promised to switch part of his hashrate either to doge pool or to other LTC pools in few hours. My goal is to bring down Coinotron's hashrate to about 40% which should be win-win solution for my pool and network security.

The thing is, most of these users are not going to budge unless you do something, because they will all just sit on their hands waiting for "the other guy" to move to another pool. People are complacent.

Your pool is STILL at 51% so your "kind requests" are falling on deaf ears. Those users are splitting their hashrate, all right...they're just doing it into other Coinotron accounts. They aren't leaving the Litecoin pool.

FIX IT.

I'm fixing it right now. But it is not so easy as you think.

FreeJack2k2
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May 20, 2014, 09:45:27 PM
 #1296

I'm fixing it right now. But it is not so easy as you think.

Yes, it is...you just don't like the idea that you have to give up all that fee income. You have total control over who mines on your pool.

Right now, you are RAKING IN the fee income and I understand that you are not highly motivated to solve the issue, as a result. But the bad PR you are earning for Coinotron by dragging your feet is going to come back to haunt you as these ASIC systems start to proliferate outside of China and people have the name "Coinotron" burned into their heads as the pool NOT to support. That goodwill that you feel you've built since 2011 is evaporating, fast.

You have not even engaged a TEMPORARY halt to new registrations. You haven't even been willing to go THAT far. That's ridiculous.
coinotron
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May 20, 2014, 10:33:46 PM
 #1297

I'm fixing it right now. But it is not so easy as you think.

Yes, it is...you just don't like the idea that you have to give up all that fee income. You have total control over who mines on your pool.

Right now, you are RAKING IN the fee income and I understand that you are not highly motivated to solve the issue, as a result. But the bad PR you are earning for Coinotron by dragging your feet is going to come back to haunt you as these ASIC systems start to proliferate outside of China and people have the name "Coinotron" burned into their heads as the pool NOT to support. That goodwill that you feel you've built since 2011 is evaporating, fast.

You have not even engaged a TEMPORARY halt to new registrations. You haven't even been willing to go THAT far. That's ridiculous.

Sadly I cannot halt new registrations without harming other pools ( DOGE, VTC, DRK etc.)
I'm doing my best, trying to convince big LTC miners to diverse their hashrate.
My only fault is that I didn't believe Coinotron will get 50% of LTC network.
Now I'm working, not sleeping.

FreeJack2k2
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May 20, 2014, 11:33:25 PM
 #1298

Sadly I cannot halt new registrations without harming other pools ( DOGE, VTC, DRK etc.)
I'm doing my best, trying to convince big LTC miners to diverse their hashrate.
My only fault is that I didn't believe Coinotron will get 50% of LTC network.
Now I'm working, not sleeping.

Right now, all anyone sees is that your actions are motivated primarily by greed. "I can't shut down new registrations for a few days, because I want more miners. I can't force the biggest miners to leave, because...I want their fees." You have a public relations problem, here. As for not believing Coinotron would get 50% of the network...how would you not believe that, when you were at 40%, then 45%...knowing that 90Mh/s ASICs are shipping? You should have a better finger on the pulse of Litecoin mining than that.
x8008
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May 20, 2014, 11:36:39 PM
 #1299

I'm fixing it right now. But it is not so easy as you think.

Yes, it is...you just don't like the idea that you have to give up all that fee income. You have total control over who mines on your pool.

Right now, you are RAKING IN the fee income and I understand that you are not highly motivated to solve the issue, as a result. But the bad PR you are earning for Coinotron by dragging your feet is going to come back to haunt you as these ASIC systems start to proliferate outside of China and people have the name "Coinotron" burned into their heads as the pool NOT to support. That goodwill that you feel you've built since 2011 is evaporating, fast.

You have not even engaged a TEMPORARY halt to new registrations. You haven't even been willing to go THAT far. That's ridiculous.

Sadly I cannot halt new registrations without harming other pools ( DOGE, VTC, DRK etc.)
I'm doing my best, trying to convince big LTC miners to diverse their hashrate.
My only fault is that I didn't believe Coinotron will get 50% of LTC network.
Now I'm working, not sleeping.

are you trying to ruin the LTC network?
coinotron
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May 20, 2014, 11:54:38 PM
 #1300

I'm fixing it right now. But it is not so easy as you think.

Yes, it is...you just don't like the idea that you have to give up all that fee income. You have total control over who mines on your pool.

Right now, you are RAKING IN the fee income and I understand that you are not highly motivated to solve the issue, as a result. But the bad PR you are earning for Coinotron by dragging your feet is going to come back to haunt you as these ASIC systems start to proliferate outside of China and people have the name "Coinotron" burned into their heads as the pool NOT to support. That goodwill that you feel you've built since 2011 is evaporating, fast.

You have not even engaged a TEMPORARY halt to new registrations. You haven't even been willing to go THAT far. That's ridiculous.

Sadly I cannot halt new registrations without harming other pools ( DOGE, VTC, DRK etc.)
I'm doing my best, trying to convince big LTC miners to diverse their hashrate.
My only fault is that I didn't believe Coinotron will get 50% of LTC network.
Now I'm working, not sleeping.

are you trying to ruin the LTC network?

No, I'm not trying to ruin LTC. It would be financial suicide !

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