Burt
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June 07, 2011, 12:51:07 AM |
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Hi im joining this mining pool as I think deepbit is too big  Hope my 570 can help |
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Veldy
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June 07, 2011, 01:17:04 AM |
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Hi im joining this mining pool as I think deepbit is too big Hope my 570 can help Do you really think that deepbit is too big? Just curious since you are new to the forum (under this moniker anyway ... no, I don't suspect that you are a sock puppet). Since you are new posting here I an curious how you came to this conclusion. Did you read it in these forums our draw an educated conclusion of your own? The reason that I ask is that I personally no longer feel deepbit is too big relative to the rest of the network, in particular because they have a smaller percentage than before, but even more importantly pools like this one have grown to compete which greatly reduces the risk that I and others were originally anxious about. I don't know how many of the other people from the days when it seemed a real risk that a single pool could take a significant majority of the network hashing power and be used for the theoretical double spending attack. I an sure it could still happen, but I suspect such an attack would have to be much more complex now with the number and quality of pools available. I just want to be sure that you made an educated decision. I certainly am not trying to dissuade you however. Having said that, you have chosen a great pool and good luck with your mining  |
If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
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Burt
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June 07, 2011, 01:31:45 AM |
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You are correct, I have only found out about bitcoin and mining today, I am a noob. But in my point of view if bitcoin is trying to establish itself as a legitimate currency then at no point should it ever be at risk of something like deepbit that can threaten the security of the whole system.
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error
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June 07, 2011, 02:20:47 AM |
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I left Deepbit because [Tycho] doesn't seem to care whether he goes over 50% and puts the network at risk. I should have done it much sooner; I'm making more bitcoins now on other pools.
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3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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Veldy
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June 07, 2011, 02:35:31 AM |
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You are correct, I have only found out about bitcoin and mining today, I am a noob. But in my point of view if bitcoin is trying to establish itself as a legitimate currency then at no point should it ever be at risk of something like deepbit that can threaten the security of the whole system.
There is a little pie chart that you should review over at bitcoin watch. Deepbit is nowhere near 50% little enough over it. To pull off such an attack [which Tycho wouldn't do, but a third party may attempt] the attacker would have to have control of more significantly more than 50% of the hashing power and that can be multiple pools and solo miners [to make the risk / reward payoff for the attacker, they would need to score fairly big I think, and that would mean getting in and back out before it is detected and to do that with today's market cap would mean doing this for either a long time at just over 50% or a much shorter time if up to say 75%]. To be effective and get significant reward for the criminal risk, you can see there is no single pool that is risking anything right now. If the market cap gets into the high hundreds of millions or even exceeds a billion USD (assuming the USD doesn't unravel), then a moderate percentage attack to steal a for just a little while becomes more of a possibility.  |
If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
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Genrobo
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June 07, 2011, 02:41:03 AM |
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woot 6 hour round
Round Duration
6:04:36
Also, if you look at the pie chart, btcguild has significantly decreased and other has increased dramatically
Damned pool hoppers
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sirky
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June 07, 2011, 02:46:50 AM |
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We almost have our biggest block ever (by hashes!)
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bitlackey
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June 07, 2011, 02:50:59 AM |
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As soon as btcguild is stable again, and if its bad luck runs out I'll be switching back, but so far that hasn't been the case at least since the 2.... difficulty level
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CubedRoot
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June 07, 2011, 02:55:49 AM |
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I kinda disagree bitlackey. Have you seen the block stats: http://btcguild.com/blocks.php keep in mind the pools hash speed has only been around 500 MHash/sec and those numbers look damn good! I earned 2.9 BTC in 24 hour period from 4pm to 4am yesterday with my 1.0 Gigahash setup. |
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bitlackey
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June 07, 2011, 03:08:25 AM |
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I kinda disagree bitlackey. Have you seen the block stats: http://btcguild.com/blocks.php keep in mind the pools hash speed has only been around 500 MHash/sec and those numbers look damn good! I earned 2.9 BTC in 24 hour period from 4pm to 4am yesterday with my 1.0 Gigahash setup. Maybe its just my luck then, every time I try switching over I get lots of idles or disconnects, and the rounds go on for 2-3+ hours, every time so far, including the last round. Ok I'm giving it another go, just watch the round take forever. |
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Veldy
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Activity: 98
Merit: 10
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June 07, 2011, 05:25:19 AM |
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woot 6 hour round
Round Duration
6:04:36
Also, if you look at the pie chart, btcguild has significantly decreased and other has increased dramatically
Damned pool hoppers
It is in part because BTCMine stopped its JSON service while doing server maintenance which made the pie charge look different. They are back up and the chart should look more normal soon I expect. |
If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
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Veldy
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June 07, 2011, 05:28:29 AM |
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As soon as btcguild is stable again, and if its bad luck runs out I'll be switching back, but so far that hasn't been the case at least since the 2.... difficulty level
Seems everybody is having bad luck. Not surprising since all pools work on the same blocks which are larger than average for this difficulty. The luck is whether the pool gets a larger share than their hashing rate would otherwise suggest Not sure which pool(s) that would be. BTCMine is running on a five hour round, with three invalid blocks in a very recent time frame ... wouldn't want to be on that pool in the last 24 (the past does not reflect the future as far as statistics go of course, so don't judge the pool). |
If you have found my post helpful, please donate what you feel it is worth: 18vaZ4K62WiL6W2Qoj9AE1cerfCHRaUW4x
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eleuthria (OP)
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Merit: 1007
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June 07, 2011, 03:16:30 PM |
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US East and EU servers are now both accessible by me. I have begun setting up the US East server already (it came up first), and will be able to quickly duplicate that work on the EU server. Current ETA on the new servers being up and running is Wednesday night (PDT) or Thursday night (PDT), depending on how quickly I can modify pushpool and the master server frontend to communicate with the slave servers for combining round data for calculations.
I've been running simulated load tests on the US East server, and it looks like between the 3 servers, the pool will be able to grow to 1.5-1.7 TH/sec before any new pushpool tweaks/additional servers will be needed.
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RIP BTC Guild, April 2011 - June 2015
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BitMinerN8
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June 07, 2011, 06:23:22 PM |
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US East and EU servers are now both accessible by me. I have begun setting up the US East server already (it came up first), and will be able to quickly duplicate that work on the EU server. Current ETA on the new servers being up and running is Wednesday night (PDT) or Thursday night (PDT), depending on how quickly I can modify pushpool and the master server frontend to communicate with the slave servers for combining round data for calculations.
I've been running simulated load tests on the US East server, and it looks like between the 3 servers, the pool will be able to grow to 1.5-1.7 TH/sec before any new pushpool tweaks/additional servers will be needed.
Sweet velvet!  |
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sirky
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June 07, 2011, 06:26:59 PM |
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You are the man!
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TheMoneyStorm
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June 07, 2011, 06:28:59 PM |
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US East and EU servers are now both accessible by me. I have begun setting up the US East server already (it came up first), and will be able to quickly duplicate that work on the EU server. Current ETA on the new servers being up and running is Wednesday night (PDT) or Thursday night (PDT), depending on how quickly I can modify pushpool and the master server frontend to communicate with the slave servers for combining round data for calculations.
I've been running simulated load tests on the US East server, and it looks like between the 3 servers, the pool will be able to grow to 1.5-1.7 TH/sec before any new pushpool tweaks/additional servers will be needed.
Awesome News |
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will580
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June 07, 2011, 06:55:22 PM |
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Anyone else having problems logging into the website? I'm mining just fine, but whenever I try to log into the website it says no such account exists. Ugh. Not the first time I've encountered problems with it so I'll be patient.
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Burt
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Merit: 10
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June 07, 2011, 07:02:29 PM |
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I too am having problems logging into the website it says my username doesn't exist too.
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landshark
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June 07, 2011, 07:04:25 PM |
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Anyone else having problems logging into the website? I'm mining just fine, but whenever I try to log into the website it says no such account exists. Ugh. Not the first time I've encountered problems with it so I'll be patient.
Yeah...same here...just noticed it. My workers are still cranking along also, so it appears to just be front-end stuff. Probably related to the server upgrade. Just being patient at this point. |
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landshark
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June 07, 2011, 07:06:49 PM |
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Anyone else having problems logging into the website? I'm mining just fine, but whenever I try to log into the website it says no such account exists. Ugh. Not the first time I've encountered problems with it so I'll be patient.
Yeah...same here...just noticed it. My workers are still cranking along also, so it appears to just be front-end stuff. Probably related to the server upgrade. Just being patient at this point. Front-end is back up now...all appears to be okay. |
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