AJMiles (OP)
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Activity: 56
Merit: 0
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March 21, 2014, 09:54:26 PM
Last edit: August 10, 2014, 11:01:58 AM by AJMiles |
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EDIT: Community, Thanks for all your efforts to try this pool out, although bitcoin pool did not work,
I don't blame them for trying, hope more pools help contribute to stabilize a healthy network like directpool's mission. There’s no shortage of mining pools in the digital currency community, but a new mining pool named DirectPool has just launched with a notable mission to give back to the bitcoin community and redistribute the network’s computing power.
DirectPool bills itself as being a “next-generation mining pool”, with its focus on preventing any one existing pool from gaining more than 50% of the network’s hashing power. DirectPool hopes to work with miners and industry leaders alike to actively contribute to the stable growth of the bitcoin community. Press source @CoinDesk http://www.coindesk.com/directpool-prevent-51attack-community-approach/
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Delarock
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March 22, 2014, 12:35:10 PM |
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There’s no shortage of mining pools in the digital currency community, but a new mining pool named DirectPool has just launched with a notable mission to give back to the bitcoin community and redistribute the network’s computing power.
DirectPool bills itself as being a “next-generation mining pool”, with its focus on preventing any one existing pool from gaining more than 50% of the network’s hashing power. DirectPool hopes to work with miners and industry leaders alike to actively contribute to the stable growth of the bitcoin community. Press source @CoinDesk http://www.coindesk.com/directpool-prevent-51attack-community-approach/My post about this concern since some people may have missed some key points of directpool https://bitcointalk.org/index.php?topic=472122.msg5829506#msg5829506Okay, I'll layout some of the key benefits I see from directpool 1) Donations from hash power is going directly to BBA ( Bitcoin Business Alliance ) What is BBA? Homepage: http://www.BitcoinBusinessAllianceA two year old foundational group that has grown Bitcoin to where its out today, lots of known faces in the community. ) 2) The miners will vote and decide where those funds go to (the voting poll I heard is being worked on) I.E: Seans OutPost, Red Cross, Breast Cancer Awareness, and/or funding bitcoin (and digital currency) related projects. 3) There was close calls many times from two of the major pools that had 51% attacks, and directpool is the solution to future bitcoin network problems. The major reference point was when two of the major pools almost tipped the network over on [reddit /r/bitcoin about 1 year ago] http://www.reddit.com/r/Bitcoin/comments/1bq4ia/for_the_love_of_bitcoin_stop_mining_at_btc_guild 4) Direct pool is taking lower fees than your avg pool in the industry: 1% is going to directpool, and your worker's donation % going to funding digital currency projects & good causes. So fundamentally, you can now easily make a choice. They are offering some specific 'focused' benefits. What gives DirectPool the right to bill itself as a "next generation" mining pool? Can you explain how its "focus" is on preventing hashrate aggregation? Nobody's answered this yet. |
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Ripdon007
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March 22, 2014, 03:59:42 PM |
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There’s no shortage of mining pools in the digital currency community, but a new mining pool named DirectPool has just launched with a notable mission to give back to the bitcoin community and redistribute the network’s computing power.
DirectPool bills itself as being a “next-generation mining pool”, with its focus on preventing any one existing pool from gaining more than 50% of the network’s hashing power. DirectPool hopes to work with miners and industry leaders alike to actively contribute to the stable growth of the bitcoin community. Press source @CoinDesk http://www.coindesk.com/directpool-prevent-51attack-community-approach/My post about this concern since some people may have missed some key points of directpool https://bitcointalk.org/index.php?topic=472122.msg5829506#msg5829506Okay, I'll layout some of the key benefits I see from directpool 1) Donations from hash power is going directly to BBA ( Bitcoin Business Alliance ) What is BBA? Homepage: http://www.BitcoinBusinessAllianceA two year old foundational group that has grown Bitcoin to where its out today, lots of known faces in the community. ) 2) The miners will vote and decide where those funds go to (the voting poll I heard is being worked on) I.E: Seans OutPost, Red Cross, Breast Cancer Awareness, and/or funding bitcoin (and digital currency) related projects. 3) There was close calls many times from two of the major pools that had 51% attacks, and directpool is the solution to future bitcoin network problems. The major reference point was when two of the major pools almost tipped the network over on [reddit /r/bitcoin about 1 year ago] http://www.reddit.com/r/Bitcoin/comments/1bq4ia/for_the_love_of_bitcoin_stop_mining_at_btc_guild 4) Direct pool is taking lower fees than your avg pool in the industry: 1% is going to directpool, and your worker's donation % going to funding digital currency projects & good causes. So fundamentally, you can now easily make a choice. They are offering some specific 'focused' benefits. What gives DirectPool the right to bill itself as a "next generation" mining pool? Can you explain how its "focus" is on preventing hashrate aggregation? Nobody's answered this yet. did you read the article even? It's next gen cuz it's the only known pool working in collaboration with BBA (well known names under BBA) to make the mining community stronger and more authoritative but also to give the miners the power to influence where their donations go. That's very powerful right there and i have nvr seen another pool do that and i've been mining for 2yrs! |
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Delarock
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March 22, 2014, 10:10:34 PM |
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Again, another reply that does not address the issue of how it's a "next generation" pool or how it aims to prevent a 51% attack.
I've read the CoinDesk article, as well as the PRWeb article.
You say that this pool is "next generation" because it "gives miners the power to influence where their donations go?" I don't see any way to control anything at this point, unless there is some hidden back-end function that allows me to redirect where the 1% fee goes.
So far, all DirectPool has done is add a donation function to a pool that is exactly like every other pool out there. I see nothing that would qualify it as next generation.
Additionally, who is in the BBA? The link that AJMiles posted is a dead link, and when I look it up, there aren't any names on the BBA website.
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Ripdon007
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March 23, 2014, 03:41:18 AM |
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Again, another reply that does not address the issue of how it's a "next generation" pool or how it aims to prevent a 51% attack.
I've read the CoinDesk article, as well as the PRWeb article.
You say that this pool is "next generation" because it "gives miners the power to influence where their donations go?" I don't see any way to control anything at this point, unless there is some hidden back-end function that allows me to redirect where the 1% fee goes.
So far, all DirectPool has done is add a donation function to a pool that is exactly like every other pool out there. I see nothing that would qualify it as next generation.
Additionally, who is in the BBA? The link that AJMiles posted is a dead link, and when I look it up, there aren't any names on the BBA website.
Dedicated Troll.  |
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