Post
Topic
Board Mining
Re: Deepbit Approaching 50% Once Again
by
bcpokey
on 07/06/2011, 21:35:24 UTC


I didn't say anything the first time I saw your avatar, only in conjunction with your post. This negates your response.
Whatever you say.   Not really worried about your opinion of me or my avatar.

Quote
Anywho, just look at the graph that's been posted a number of times, bitcoinpool is relatively small. Large pool alternatives -- Slush, btcguild btcmine. All larger than bitcoinpool. I've used slush and am not a fan, I've used btcguild and it's basically a smaller deepbit with idle notification (but no PPS) and a lower (or 0) fee. I can't speak to btcmine, but I've heard good things about it.

The point though isn't just that there are alternatives to deepbit that are just as good as it (which there are), the point is that if you are concerned that your magical money fountain is going to dry up, then mining on deepbit makes as little sense as staying on a pool that requires your miners to restart every night. Maybe less sense.
Yes, there are alternatives.  I do not disagree with you on this.  As far as making less Bitcoin on deepbit, I apologize for not simply taking your word for it...I am of the school of "prove it".  I will stay there a while and see how it goes.  If that makes me an idiot in your book, I don't really care.  If end up agreeing with you after some times passes, you can say you were right and I will go somewhere else.  

MY entire point was I just don't see the risk of one pool owning 50% of the mining share.  The security threats exist regardless.  I want a pool that is reliable and gives me good results.  So far, this is the only one I have tried that does that.  No, I haven't tried them all.

I'm not entirely sure what security threat you're referring to, perhaps this is where our disjunction arises.

There is a very specific security threat when a single entity controls 50% of the networks hashing power. That is the point of this thread and why people are crying foul of people using deepbit. This security concern does not exist otherwise, and it's a major one concerning control of the block chain which bitcoin exists upon. If you are unaware of this, that is why I mentioned that you seem to be lacking knowledge of it. If you were aware of it and simply do not care, well, nothing I can do about that. We've tried to warn people.