Bitcoin Forum
December 03, 2016, 07:03:20 AM *
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 ... 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 215991 times)
WASPJoe
Full Member
***
Offline Offline

Activity: 126


View Profile
May 21, 2014, 06:16:03 PM
 #1321

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.



Okay glad i was mis-reading the post.

Anyway, yeah I do agree that a pool op can put a maximum number of allowed clents/hashrate. The issue there would be problems with random connects and disconnects. If a miner's disconnected after being connected, and another miner comes on. Then that first miner who was in the queued slot will not be able to connect. Service disruptions can do a lot of bad things for a pool as well.

I also think what you meant by very important is a coin with a large foot print, as there are other alts that some think are very important that are not. Correct? (Not accusingly, just wondering). Anyway, yes a pool running on a "major" coin should have somethings in place. I don't think that any other pool has a stop like that in it (at least none of the "big" pools I know of have a hard stop).

And agreed, a malicious attacker could get in to the system. But it can be gamed with much less power than 50% of the network. A malicious node only needs to find two blocks in a row for it to be possible to game the system. So any pool with a decent amount of hashing power could have that happen.  Anyway, I'm just playing devils advocate a bit here as I agree 100% with what you are saying now that I understand the POV you are coming from.

I guess the long short is that adding those types of systems in to place can cause issues. My pool had a filter on it for a long time that would block more than x% of the network, but sometimes on smaller alts you take what you can get.

As far as his profit is concerned, if his server bills are anything like mine are, he pays thousands a month of servers. If he takes 2% total fees from all blocks found, we are looking at a profit of approx $100-200 usd/day for running the pool. A bit of money, but maybe not as much as people think.

zccopwrx, it has been great being able to discuss this with you. If you'd like to continue, we should create a new thread (just posted a thread https://bitcointalk.org/index.php?topic=619539.new#new )

Anyway, to not derail this thread too much more: coinotron if you need help just let us know.

Developer CCoin ccoin.info / Proof-of-Pizza | Help me dig out of school debt 14VcK4aTHDcu9NEwrD4FhxfwVsFoKP5ic7
1480748600
Hero Member
*
Offline Offline

Posts: 1480748600

View Profile Personal Message (Offline)

Ignore
1480748600
Reply with quote  #2

1480748600
Report to moderator
1480748600
Hero Member
*
Offline Offline

Posts: 1480748600

View Profile Personal Message (Offline)

Ignore
1480748600
Reply with quote  #2

1480748600
Report to moderator
1480748600
Hero Member
*
Offline Offline

Posts: 1480748600

View Profile Personal Message (Offline)

Ignore
1480748600
Reply with quote  #2

1480748600
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480748600
Hero Member
*
Offline Offline

Posts: 1480748600

View Profile Personal Message (Offline)

Ignore
1480748600
Reply with quote  #2

1480748600
Report to moderator
coinotron
Legendary
*
Offline Offline

Activity: 995


View Profile
May 21, 2014, 06:46:43 PM
 #1322

Anyway, to not derail this thread too much more: coinotron if you need help just let us know.

Thanks, I will.

zccopwrx
Full Member
***
Offline Offline

Activity: 169



View Profile WWW
May 21, 2014, 08:14:12 PM
 #1323

Anyway, to not derail this thread too much more: coinotron if you need help just let us know.

Thanks, I will.


Shedded 20GH in a little over an hour Smiley Thanks for doing something Coinotron, wonder where this hashrate is going to show up now, still gotta keep it at bay if they select another single pool.


UPDATE Reverted and then some.


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

Activity: 518

Bitrated user: ahmedbodi.


View Profile
May 21, 2014, 09:28:08 PM
 #1324

For those of you who like cryptopools. We've opened one specially for this occasion

URL: ltc.cryptopools.com
Username: <Your LTC Address>
Password: anything


Bitrated user: ahmedbodi.
Liquid71
Hero Member
*****
Offline Offline

Activity: 581


There is NO Freedom without Privacy


View Profile
May 22, 2014, 04:34:06 AM
 #1325

Why wouldn't these guys solo mine  Huh

hey cointron, suck it

TheMage
Hero Member
*****
Offline Offline

Activity: 812


Litecoin Association Director


View Profile
May 22, 2014, 04:50:30 AM
 #1326

Coinotron,


Thank you for mitigating the issue, I appreciate it.


Yse, same TheMage from LTC forums.

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

Activity: 995


View Profile
May 22, 2014, 08:51:23 AM
 #1327

Coinotron,


Thank you for mitigating the issue, I appreciate it.


Yse, same TheMage from LTC forums.

Hi

I never thought that I will have to negotiate with miners to transfer part of their hashrate to the other pools Smiley
Like I said it before. My goal is to be under 40% of LTC network.

jimblasko
Sr. Member
****
Offline Offline

Activity: 479

Crypto Currency Developer


View Profile WWW
May 22, 2014, 10:03:40 AM
 #1328

Hey guys, there is a very simple solution to your issue, You need to break your pool up into three pools. Keep your users, just assign them to one of the three pools

CryptsyJim
Newbie
*
Offline Offline

Activity: 18


View Profile
May 22, 2014, 10:08:24 AM
 #1329

Hey guys, there is a very simple solution to your issue, You need to break your pool up into three pools. Keep your users, just assign them to one of the three pools

Excellent Idea!
zccopwrx
Full Member
***
Offline Offline

Activity: 169



View Profile WWW
May 22, 2014, 11:52:58 AM
 #1330

Hey guys, there is a very simple solution to your issue, You need to break your pool up into three pools. Keep your users, just assign them to one of the three pools

See my comments above.  Making 3 pools or 1000 pools doesnt matter if they are ran by the same individual.  The risk of a 51% attack is the individual in control of the hashpower, not the pool or 1000 pools they run.

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

Activity: 62


View Profile
May 22, 2014, 12:41:37 PM
 #1331

It may be like that but it doesent have to. 51% on one guy is a risk only if he wants to fork it. But if its 2 independent pool-s on other servers... Its just 2 pool's nothing else. You'll have to hack both of them, that is a lot harder to do.
coinotron
Legendary
*
Offline Offline

Activity: 995


View Profile
May 23, 2014, 09:42:26 AM
 #1332

FYI

For last 24h Coinotron hashrate has been under 40% ot the LTC network.
Currently ca. 35%


Snub
Sr. Member
****
Offline Offline

Activity: 322



View Profile WWW
May 23, 2014, 12:31:07 PM
 #1333

Thank you and happy mining coinotron  Wink

www.WeLoveLTC.com - A Secure and Professional Litecoin Mining Pool - Offering 1 LTC Bounties to Blockfinders!
omnik
Full Member
***
Offline Offline

Activity: 213


View Profile
May 24, 2014, 09:23:34 AM
 #1334

@Coinotron
Pls consider lowering minimum payout for Darkcoin to something like 0.5 DRK. We are hitting very high diff's and for small miners could take days to get a coin.

Thank you.
coinotron
Legendary
*
Offline Offline

Activity: 995


View Profile
May 24, 2014, 02:50:52 PM
 #1335

@Coinotron
Pls consider lowering minimum payout for Darkcoin to something like 0.5 DRK. We are hitting very high diff's and for small miners could take days to get a coin.

Thank you.

Done.
Min. DRK payout is now 0.1 DRK  ( when amount is < 0.5 DRK, there is additional withdrawal fee = 0.01 DRK)

omnik
Full Member
***
Offline Offline

Activity: 213


View Profile
May 25, 2014, 04:19:18 PM
 #1336

Excellent,  thanks!
Xdragon
Sr. Member
****
Offline Offline

Activity: 475


View Profile
May 25, 2014, 09:09:40 PM
 #1337

DRK pool is on the wrong fork
omnik
Full Member
***
Offline Offline

Activity: 213


View Profile
May 25, 2014, 09:28:17 PM
 #1338

Confirmed, wrong fork  Sad
omnik
Full Member
***
Offline Offline

Activity: 213


View Profile
May 25, 2014, 10:07:15 PM
 #1339

Fixed
Xdragon
Sr. Member
****
Offline Offline

Activity: 475


View Profile
May 26, 2014, 11:18:15 AM
 #1340

Again on the wrong chain
Pages: « 1 ... 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!