Bitcoin Forum
December 09, 2016, 09:47:52 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 [10]  All
  Print  
Author Topic: You are threatening Bitcoin’s security  (Read 30672 times)
_s3v3n_
Member
**
Offline Offline

Activity: 110


View Profile
July 08, 2011, 07:06:35 PM
 #181

Looks like he has only about 30-40% now.

Deepbit growth it inevitable. This is the fastest mining server as of this date. I tried mining at btcmine last wednesday, stopped yesterday and until now I haven't gotten the points that I mined, still in unconfirmed points past 24 hours now.

Deepbit you can almost get your points one hour after the server refresh. No wonder they grew big in a matter of hours.


RDD RjBUYX75fvQ1yeSDJPkuB5wU35etvZ9JES
1481276872
Hero Member
*
Offline Offline

Posts: 1481276872

View Profile Personal Message (Offline)

Ignore
1481276872
Reply with quote  #2

1481276872
Report to moderator
1481276872
Hero Member
*
Offline Offline

Posts: 1481276872

View Profile Personal Message (Offline)

Ignore
1481276872
Reply with quote  #2

1481276872
Report to moderator
1481276872
Hero Member
*
Offline Offline

Posts: 1481276872

View Profile Personal Message (Offline)

Ignore
1481276872
Reply with quote  #2

1481276872
Report to moderator
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481276872
Hero Member
*
Offline Offline

Posts: 1481276872

View Profile Personal Message (Offline)

Ignore
1481276872
Reply with quote  #2

1481276872
Report to moderator
1481276872
Hero Member
*
Offline Offline

Posts: 1481276872

View Profile Personal Message (Offline)

Ignore
1481276872
Reply with quote  #2

1481276872
Report to moderator
1481276872
Hero Member
*
Offline Offline

Posts: 1481276872

View Profile Personal Message (Offline)

Ignore
1481276872
Reply with quote  #2

1481276872
Report to moderator
btcbaby
Member
**
Offline Offline

Activity: 87



View Profile WWW
July 09, 2011, 05:38:20 AM
 #182

Free market man, Tycho should not FORCE people out of his pool... If he provides the best most consistent server, then he should get a big slice of the pie.  Last night I watched as one of his servers went down and as promised it automatically switched over to a failover server he has.  Me not having to worry and knowing that tycho is behind the pool is worth the 3% to me.

Also I would rather have 50% in a pool be the threat then 50% in one person be a threat... I would be wary of the mining companies.  If tycho starts doing something bad miners can move off his pool and thwart his attack... if a single person had that power... what, do we all run out and buy video cards as fast as possible?

The only thing Tycho did was make a good fair pool when there was no other good option at the time.

I agree.  What's the problem?  Tycho is big and more than fair.  The strength is through proxy.  If he becomes a bad actor we leave.   I think Tycho is protecting us from private money that could control everything if not for pools.

http://www.btclog.com/uploads/FileUpload/e6/9cc97eb4c91db1ec5fb30ca35f0da8.png
Write an excellent post on btc::log and you just might win 1BTC in our daily giveaway.
btc::log is the professionally managed and community moderated Bitcoin Forum
ZombieDeity
Member
**
Offline Offline

Activity: 91


View Profile
July 09, 2011, 05:55:41 AM
 #183



Wtf is this?  Where's deepbit?  Why is such a huge pool being hidden in the 'Others' slice?
Reikoku
Full Member
***
Offline Offline

Activity: 140


firstbits: 1kwc1p


View Profile
July 09, 2011, 09:50:26 AM
 #184



Wtf is this?  Where's deepbit?  Why is such a huge pool being hidden in the 'Others' slice?


Fixed now, must have been momentary.

Rei | 1Kwc1pqv54jCg8jvnm3Gu1dqFQYhS34Bow
Trades So Far: 7
film2240
Legendary
*
Offline Offline

Activity: 994


Professional filmmaker/Freelance videographer


View Profile WWW
July 14, 2011, 10:44:39 AM
 #185

I think I really don't get how staying on 1 pool that has a large share can cause problems.

I'll ask that someone who's more knowledgeable than me tell me the problems in an easy to understand way.I've read th ecomments here but some it seems to be hearsay (I'm not sure if it's true or just an unfounded fear that some ppl have).

My questions are:
1.How does mining on 1 pool that has 50% or more share cause problems for hte BTC currency if any?
2.If the service provided by the pool with the majority hares is very good,why should people switch to pools that have a smaller share possibly due to a possible lower standard of service for its members?
3.I don't know the share for my pool bitcoins.lc.If that's too large and it's causing problems then I won't mind moving pools.
4.If I join a pool with very few members,will I get a bigger slice of the pie with my current hash power of 400MHash/s or do I always get the amount based on my hashpower,size of pool,size of payout minus fees?

because I typically get about 0.25BTC in 14-17 hrs on bitcoins.lc so If I joined a smaller pool will I get more for the same hashpower because of the far fewer members?

Thank you.

[This signature is available for rent]
[This signature is available for rent]
[This signature is available for rent]
[This signature is available for rent]
XIU
Member
**
Offline Offline

Activity: 84


View Profile
July 14, 2011, 01:17:40 PM
 #186

I think I really don't get how staying on 1 pool that has a large share can cause problems.

I'll ask that someone who's more knowledgeable than me tell me the problems in an easy to understand way.I've read th ecomments here but some it seems to be hearsay (I'm not sure if it's true or just an unfounded fear that some ppl have).

My questions are:
1.How does mining on 1 pool that has 50% or more share cause problems for hte BTC currency if any?
2.If the service provided by the pool with the majority hares is very good,why should people switch to pools that have a smaller share possibly due to a possible lower standard of service for its members?
3.I don't know the share for my pool bitcoins.lc.If that's too large and it's causing problems then I won't mind moving pools.
4.If I join a pool with very few members,will I get a bigger slice of the pie with my current hash power of 400MHash/s or do I always get the amount based on my hashpower,size of pool,size of payout minus fees?

because I typically get about 0.25BTC in 14-17 hrs on bitcoins.lc so If I joined a smaller pool will I get more for the same hashpower because of the far fewer members?

Thank you.


In theory it doesn't matter which pool you join (except for the obvious difference in fees) because they all work together for a "global" solution, so let's say that there are 1000 shares/users and 1 of them has the solution, where deepbit did 500, some other pool did 250 etc. Each user still had 0.1% to find the solution.

For the 50% problem, Bitcoin is based on the fact that the largest block chain determines the "real" chain, if you have 50% or more of the generation power you could create a fake chain faster then all the other miners.

1xiuHwHk81j4TRnLuLBMvH2ctqtTsubT6
pandemic
Sr. Member
****
Offline Offline

Activity: 418


View Profile
July 14, 2011, 02:10:06 PM
 #187

Where's the link to that pie chart?
steelhouse
Hero Member
*****
Offline Offline

Activity: 700


View Profile
July 14, 2011, 09:48:00 PM
 #188

Wtf is this?  Where's deepbit?  Why is such a huge pool being hidden in the 'Others' slice?

deepbit was under ddos attack about this time.  The chart come from bitcoinwatch.  However the graphs about use the google graph maker thingy directly in the html code.
Pages: « 1 2 3 4 5 6 7 8 9 [10]  All
  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!