Bitcoin Forum
December 02, 2016, 06:16:27 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 [66] 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 »
  Print  
Author Topic: [POOL] - Coinotron --- FIRST ETH-ETC MULTIPORT - profit switchng port 7777  (Read 215931 times)
ctrlbreak
Newbie
*
Offline Offline

Activity: 7


View Profile
May 21, 2014, 12:15:02 AM
 #1301

Then correct it.  Now.

[Flipping my 13 MHs back on to an alt pool to help deal with this bullshit now...]
1480702587
Hero Member
*
Offline Offline

Posts: 1480702587

View Profile Personal Message (Offline)

Ignore
1480702587
Reply with quote  #2

1480702587
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480702587
Hero Member
*
Offline Offline

Posts: 1480702587

View Profile Personal Message (Offline)

Ignore
1480702587
Reply with quote  #2

1480702587
Report to moderator
1480702587
Hero Member
*
Offline Offline

Posts: 1480702587

View Profile Personal Message (Offline)

Ignore
1480702587
Reply with quote  #2

1480702587
Report to moderator
kebabman
Hero Member
*****
Offline Offline

Activity: 532


You wan chili saus?


View Profile
May 21, 2014, 01:06:08 AM
 #1302

Sad to see one persons greed threaten the whole network, I've moved my miners to GMC. Trying to resist the urge to dump my LTC.  Undecided
kingscrown
Hero Member
*****
Offline Offline

Activity: 672


http://fuk.io - check it out!


View Profile WWW
May 21, 2014, 01:11:22 AM
 #1303

nice attack on LTC.. really.
convince the big miners? you could just lock their accounts.

also you should make 2 pools for LTC and spread them.

TheMage
Hero Member
*****
Offline Offline

Activity: 812


Litecoin Association Director


View Profile
May 21, 2014, 02:47:13 AM
 #1304

Sad to see one persons greed threaten the whole network, I've moved my miners to GMC. Trying to resist the urge to dump my LTC.  Undecided


No reason to dump your LTC, the network will be fine. Even though this entire thing has been highly irresponsible.

Follow me on twitter https://twitter.com/TheRealMage for Litecoin and Litecoin Association news!
lyth0s
Legendary
*
Offline Offline

Activity: 1078


World Class Cryptonaire


View Profile
May 21, 2014, 02:49:24 AM
 #1305

Honestly, if you can't find a solution FAST to lower your LTC hashrate, you should just take the initiative and shut down your LTC pool and wait for people to put their miners elsewhere while you find a solution to stay at 40% of the total hashrate or less. The real question is, do you have the goodwill to lose some miner fees for now for the better sake of both LTC and your future LTC fee profits?

Monero - Truly Anonymous Digital Cash.
lyth0s
Legendary
*
Offline Offline

Activity: 1078


World Class Cryptonaire


View Profile
May 21, 2014, 02:59:46 AM
 #1306

Everyone that shares my concern about the near 51% network hashrate of LTC on coinotron can help me bump this thread so that people are more aware of what's going on, rather than having to look at page 60 something of this thread to see the discussion that is taking place.

Raise awareness:

https://bitcointalk.org/index.php?topic=618569.0

Monero - Truly Anonymous Digital Cash.
mrcashking
Hero Member
*****
Offline Offline

Activity: 700


View Profile
May 21, 2014, 03:34:02 AM
 #1307

Would you guys consider adding LGD LegendaryCoin its scrypt algo, 10 Million max coins also available on cryptsy and bittrex. Mintpal coming soon.

ANN--> https://bitcointalk.org/index.php?topic=530175.0
bitcoinreactor
Member
**
Offline Offline

Activity: 112


View Profile
May 21, 2014, 04:26:47 AM
 #1308

nice attack on LTC.. really.
convince the big miners? you could just lock their accounts.

also you should make 2 pools for LTC and spread them.

locking any miner account won't help, even based on the given account total hasrate : miners could just split their hashrate over multiple accounts, recreate them when they wish to.
IP-based bans are useless too, anyone can get dozens of new ip addresses at will nowadays.

The whole 50+ % thing isn't coinotron's fault at all, but THE MINER'S !

miners should be aware of what they're doing, regarding the mined coin...

miners could for example :

* setup their miner to switch to other pools at regular intervals
* setup a damn p2pool node locally and start mining there, either full time or using your miner app capability to cycle between pools automatically


BTC: 17CHqn3XE3Waf7Qfkm9p2MQE1VgB8gVbG4
kebabman
Hero Member
*****
Offline Offline

Activity: 532


You wan chili saus?


View Profile
May 21, 2014, 04:35:34 AM
 #1309

He could easily fix it by making the fees on the LTC pool 20%, miners would soon go elsewhere then...and we're talking about the top 20 miners in his pool being the main problem. They have 87GH between them, yes, 87GH, that's nearly 40% of the LTC network on their own.  Shocked So telling "miners" to switch to another pool, or setup their own p2p node, really isn't helpful. Those big guys need to spread out, and I'm sure as hell with that much hash power they know exactly what they are doing.  Roll Eyes
FreeJack2k2
Sr. Member
****
Offline Offline

Activity: 364


View Profile
May 21, 2014, 05:23:35 AM
 #1310

nice attack on LTC.. really.
convince the big miners? you could just lock their accounts.

also you should make 2 pools for LTC and spread them.

locking any miner account won't help, even based on the given account total hasrate : miners could just split their hashrate over multiple accounts, recreate them when they wish to.
IP-based bans are useless too, anyone can get dozens of new ip addresses at will nowadays.

The whole 50+ % thing isn't coinotron's fault at all, but THE MINER'S !

miners should be aware of what they're doing, regarding the mined coin...

miners could for example :

* setup their miner to switch to other pools at regular intervals
* setup a damn p2pool node locally and start mining there, either full time or using your miner app capability to cycle between pools automatically



It's real simple. Lock accounts, delete workers and put a temporary hold on new members for several days. Problem solved.

It really is that simple, if the pool op cared about the health of the coin more than today's profits.
coinotron
Legendary
*
Offline Offline

Activity: 995


View Profile
May 21, 2014, 06:50:11 AM
 #1311

Our hashrate dropped by almost 20% ( from 115 to 93 GH/s )

Pencha
Member
**
Offline Offline

Activity: 62


View Profile
May 21, 2014, 11:26:11 AM
 #1312

nice attack on LTC.. really.
convince the big miners? you could just lock their accounts.

also you should make 2 pools for LTC and spread them.

locking any miner account won't help, even based on the given account total hasrate : miners could just split their hashrate over multiple accounts, recreate them when they wish to.
IP-based bans are useless too, anyone can get dozens of new ip addresses at will nowadays.

The whole 50+ % thing isn't coinotron's fault at all, but THE MINER'S !

miners should be aware of what they're doing, regarding the mined coin...

miners could for example :

* setup their miner to switch to other pools at regular intervals
* setup a damn p2pool node locally and start mining there, either full time or using your miner app capability to cycle between pools automatically



It's real simple. Lock accounts, delete workers and put a temporary hold on new members for several days. Problem solved.

It really is that simple, if the pool op cared about the health of the coin more than today's profits.
You should let the guy work and fix the problem, give him space to bread.
dishwara
Legendary
*
Offline Offline

Activity: 1372


Truth may get delay, but NEVER fails


View Profile
May 21, 2014, 11:52:07 AM
 #1313

After 17 painfull hours we've solved first LTC block ! Smiley

It looks like I'm talking to myself. Wink

Anyway, latest news:

1. We have solved 13 blocks.
2. On Monday or Tuesday pool will be moved to brand new dedicated server. Performance issues will be gone.
3. New autoworker is being implemented. It will allow to switch between CPU-friendly coins.



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.


Give the guy some time to work.
I don't believe coinotron will do 51% attack to bring down litecoin.
BIG Miners move out.
The Koolio
Hero Member
*****
Offline Offline

Activity: 560


Minds are like parachutes they work best when open


View Profile WWW
May 21, 2014, 12:35:30 PM
 #1314

just create a second pool for litecoin and split the hash rate.... stop being dicks

1. Litecoin 2. Bitcoin 3. Any of the Anon coins
coins101
Legendary
*
Offline Offline

Activity: 1106


Candoism


View Profile
May 21, 2014, 01:04:37 PM
 #1315

I mined Litecoin for some time last year. I stopped when the poll on changing the LTC PoW to avoid ASICs to stop centralisation was ignored.

I'm only here to ask a view.

Is this really down to ASICs coming onto the scene and jumping on to Coinotron?  What happens when the KnC Titans start being tested and issued, if they are first - really it doesn't make that much of a difference, the first big ASICs will causes problems.

Its not my problem any more, but I hope it gets sorted, there are a lot of good honest miners with a lot of money, equipment and time invested in LTC for it to put at risk in this way. The issue is not totally out of the blue.

I don't think Coinotron is to blame, more than likely the ASICs hitting the market.

Quote
Are ASICs to blame?

An increasing number of specialist scrypt ASICs have gone online in recent weeks, and their appearance has amplified the problem of centralisation on the network.

Most of these ASICs are operated by relatively large miners, the top five account for about 50 MH/s. This means the network is anything but decentralized, yet many of these big miners are not solo mining – they are in the Coinotron pool.

More ASIC miners are on the way, so it is also possible that a sudden influx of new ASICs distributed between alternative pools will help level the playing field.

http://www.coindesk.com/litecoin-miners-urged-leave-coinotron-51-threat/
zccopwrx
Full Member
***
Offline Offline

Activity: 169



View Profile WWW
May 21, 2014, 02:36:07 PM
 #1316

I mined Litecoin for some time last year. I stopped when the poll on changing the LTC PoW to avoid ASICs to stop centralisation was ignored.

I'm only here to ask a view.

Is this really down to ASICs coming onto the scene and jumping on to Coinotron?  What happens when the KnC Titans start being tested and issued, if they are first - really it .....


What makes you think this isn't ALL of the non-scam preorder ASIC manuf. like KNC?  I am pretty sure any ASIC company that claims shipping in the next 3 months, has been mining with their customers hardware for the PAST 2 months. Innosilicon/Gridseed did it, KNC has more capital, and probably has been doing it on a much larger scale for longer.

Coinotron is at fault for allowing the pool to grow too big..  This thing happens to ALL alt coins that end up being successful, and the pools (even the fly by night altcoin pools) have shown more responsibility than Coinotron has when their hashrate nearly 10x'd.  I run pools for over a year now, and on two occasions I had to stop registrations to avoid being over 40% of a (non ltc) coins network. It works, its simple, miners will go elsewhere.  Coinotron just didnt do it.

My 0.02 cents, not fact, just my thoughts:

If you think for a second these Chinese ASIC manuf. care about the health of a coins network, your sadly mistaken. They want money, by virtue of dumping coins, and taking real customer money for as long as they can.  

If you think that these miners chose coinotron, your also mistaken. Its very likely coinotron has a relationship with a person or persons of these companies and made accommodations (read: personal stratum servers, high diff stratum settings, etc) in order to support the increased hashrate, which also makes getting rid of them a personal issue (going back on his word, perhaps?).  

The bottom line is a responsible pool operator that cares about reputation and community of a coin like Litecoin, would have taken action when his pool hashrate doubled. When their hashrate trippled it should have been a BIG issue  (red flag).

What needs to happen is Coinotron needs to personally contact the miners in question, and even work with other pools and get them situated somewhere else in order to protect their reputation and the Litecoin network as a whole.


Someone a few posts back suggested opening two litecoin pools and spread the load: That doesnt help, that still leaves the control in that persons hands, the network distribution needs to be spread over individuals (pool operators), not just pools themselves.



HashFaster.com | DOGE Pool: https://doge.hashfaster.com | Litecoin Pool: https://ltc.hashfaster.com | DDoS Protected Crypto-Mining Network!
coins101
Legendary
*
Offline Offline

Activity: 1106


Candoism


View Profile
May 21, 2014, 03:00:59 PM
 #1317

I mined Litecoin for some time last year. I stopped when the poll on changing the LTC PoW to avoid ASICs to stop centralisation was ignored.

I'm only here to ask a view.

Is this really down to ASICs coming onto the scene and jumping on to Coinotron?  What happens when the KnC Titans start being tested and issued, if they are first - really it .....


What makes you think this isn't ALL of the non-scam preorder ASIC manuf. like KNC?  I am pretty sure any ASIC company that claims shipping in the next 3 months, has been mining with their customers hardware for the PAST 2 months. Innosilicon/Gridseed did it, KNC has more capital, and probably has been doing it on a much larger scale for longer.

Coinotron is at fault for allowing the pool to grow too big..  This thing happens to ALL alt coins that end up being successful, and the pools (even the fly by night altcoin pools) have shown more responsibility than Coinotron has when their hashrate nearly 10x'd.  I run pools for over a year now, and on two occasions I had to stop registrations to avoid being over 40% of a (non ltc) coins network. It works, its simple, miners will go elsewhere.  Coinotron just didnt do it.

My 0.02 cents, not fact, just my thoughts:

If you think for a second these Chinese ASIC manuf. care about the health of a coins network, your sadly mistaken. They want money, by virtue of dumping coins, and taking real customer money for as long as they can.  

If you think that these miners chose coinotron, your also mistaken. Its very likely coinotron has a relationship with a person or persons of these companies and made accommodations (read: personal stratum servers, high diff stratum settings, etc) in order to support the increased hashrate, which also makes getting rid of them a personal issue (going back on his word, perhaps?).  

The bottom line is a responsible pool operator that cares about reputation and community of a coin like Litecoin, would have taken action when his pool hashrate doubled. When their hashrate trippled it should have been a BIG issue  (red flag).

What needs to happen is Coinotron needs to personally contact the miners in question, and even work with other pools and get them situated somewhere else in order to protect their reputation and the Litecoin network as a whole.


Someone a few posts back suggested opening two litecoin pools and spread the load: That doesnt help, that still leaves the control in that persons hands, the network distribution needs to be spread over individuals (pool operators), not just pools themselves.




point taken. if you run pools, then few can argue with that.
TheCoinFinder
Hero Member
*****
Offline Offline

Activity: 574


View Profile WWW
May 21, 2014, 03:42:48 PM
 #1318



In response to the current coinotron situation, I have set up a "ASIC" friendly pool. at http://www.hashharder.com/scrypt/litecoin-asic

The share difficultiies are set to handle much higher amounts, so please do not mine here unless you have a high hashrate.

If I can get people to use this service, I will reduce the fees on the page.

Also, the site doesn't require registration - and it doesn't keep the coins. It pays out on block maturity direct to the miner's address.

Mining is as simple as pointing your miner at

Code:
stratum+tcp://www.hashharder.com:9910 -u <Litecoin Address> -p Anything

The stats and payouts are available on the website.

WASPJoe
Full Member
***
Offline Offline

Activity: 126


View Profile
May 21, 2014, 04:57:56 PM
 #1319

I'm going just going to put it bluntly. It's not coinotron's fault for the near 51%
He's providing a service and is trying to do what he can. Being a jerk won't get things changed any more rapidly


I have seen coinotron support a number of alt coins, and while the whole 51% scenario seems scary, on smaller alts it happens all the time. While I'm not saying >50% of the network is a "good" thing, there are a lot worse pools for it to happen on. I have never seen coinotron intentionally try to hurt a network.

It is the responsibility of the miner to make sure that she/he is not on a pool nearing 50%, it's just common sense that is being thrown out the window. I truly think that ASIC's are to blame for this. ASIC mining hardware allows a smaller learning curve, higher hashpower, and for less money. This is causing a lot of newbies to start mining. Since most of these people who are mining now days have not been mining for a while, they do not understand the complexities of pool mining. Coinotron's enticing PPS and RBPPS systems are going to draw in a lot of people because there are very few PPS and RBPPS systems.

On smaller SHA alts, asic's have been an issue for a long time. A good block monitoring system can alert a miner when blocks are changing rapidly and alert when there are issues in the block chain.

With gpu mining profits going down, I bet a lot of people are trying to go back to litecoin as it is the most known "alt", and certainly the price of litecoin has stood the test of time.

Any way the dice roll, I still support you coinotron.

Developer CCoin ccoin.info / Proof-of-Pizza | Help me dig out of school debt 14VcK4aTHDcu9NEwrD4FhxfwVsFoKP5ic7
zccopwrx
Full Member
***
Offline Offline

Activity: 169



View Profile WWW
May 21, 2014, 05:34:28 PM
 #1320

I'm going just going to put it bluntly. It's not coinotron's fault for the near 51%
He's providing a service and is trying to do what he can. Being a jerk won't get things changed any more rapidly


I have seen coinotron support a number of alt coins, and while the whole 51% scenario seems scary, on smaller alts it happens all the time. While I'm not saying >50% of the network is a "good" thing, there are a lot worse pools for it to happen on. I have never seen coinotron intentionally try to hurt a network.

It is the responsibility of the miner to make sure that she/he is not on a pool nearing 50%, it's just common sense that is being thrown out the window. I truly think that ASIC's are to blame for this. ASIC mining hardware allows a smaller learning curve, higher hashpower, and for less money. This is causing a lot of newbies to start mining. Since most of these people who are mining now days have not been mining for a while, they do not understand the complexities of pool mining. Coinotron's enticing PPS and RBPPS systems are going to draw in a lot of people because there are very few PPS and RBPPS systems.

On smaller SHA alts, asic's have been an issue for a long time. A good block monitoring system can alert a miner when blocks are changing rapidly and alert when there are issues in the block chain.

With gpu mining profits going down, I bet a lot of people are trying to go back to litecoin as it is the most known "alt", and certainly the price of litecoin has stood the test of time.

Any way the dice roll, I still support you coinotron.

I never used Coinotron, and I think hes done well for himself and his miners, so I am not being a jerk (sorry if it came off that way), but anyone who thinks a pool operator couldn’t fix this before it became a problem is being ignorant.  Lets use the "Maximum Occupancy" sign you find in most establishments, as metaphor.  You walk into a place of business, it states 40 is the maximum occupancy on the wall. Its up to the owners of that establishment to enforce this otherwise deal with the repercussions, it is not up to the patroons (granted, they CAN help, but usually wont). A pool that supports a very important coin is no different, if the maximum safe occupancy is being breached, close the doors before something bad happens.

"Something bad happens".  This doesnt even have to mean Coinotrons owner is the one doing the harm.  Imagine a malicious hacker that wants to just destroy Litecoin, gains access to a large pools stratum servers and has their way with them. It has happened before to altcoins.  The pool could have zero bad intentions, and still aid in the destruction of Litecoin.

This again, isn't fact, but my 0.02 cents again.  Coinotron would be making "financial suicide" by not keeping his (minimally paying 1.5% fee) ASIC miners like this: http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=1500000&p=1&pc=0.10&pf=0.00&d=7877.63390450&r=50.00000000&er=0.02168000&btcer=494.24000000&hc=0.00

So I understand the turmoil this causes a pool op, but at the same time, reputation is king.



HashFaster.com | DOGE Pool: https://doge.hashfaster.com | Litecoin Pool: https://ltc.hashfaster.com | DDoS Protected Crypto-Mining Network!
Pages: « 1 ... 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 [66] 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!