Post
Topic
Board Announcements (Altcoins)
Re: [ANN] LOTTO COIN - The coin thats a game! Released 12/12/13
by
thisisausername
on 27/12/2013, 15:22:16 UTC
I'm surprised none of you have a problem with the nut2pools pool having over 51% of the hash for this coin all the time.  Sometimes it is as high as 70%. 

It really hurts the validity of this coin to have one pool effectively controlling the blockchain. 

I don't know the technicals well enough to understand whether they may be effecting the ability of other pools/ solo miners to get blocks, but I've found that since they've gotten over 50%, I receive a high number of rejects on solved blocks.  Is it possible that the pool preferentially treats their own blocks, and effectively the entire chain, as the correct ones as they would see those before an outside block was submitted? 

On a 30 second block, even a few seconds preference toward their own pool before others outside the pool could be validated could be enough to completely skew everything in their favor. 

I haven't seen one person raise a concern about this on this thread, though.  Why is this? 

The rejects are caused by a bug still in the wallet code for some reason, not the consolidation of hashing power.

Nevertheless, your concern is justified and, I'm sure, shared by more than me.

Nutnut, you should really consider an exorbitant fee on your pool, or something, to incentivize this network to decentralize.