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Quote from: Specialkey on May 30, 2014, 04:26:54 AM

Any exchange?

I may turn it back on tomorrow depending on what the community wants. It's currently disabled due to the dev dumping the premine and the different forks.

Arrghhhh- Another premine scam- F+ck. Sad

Thx for information.

Good idea. You said the dev dumped the entire 250k premine. So in this case, the premine is no longer a factor. Purecoin can live on without the fear of anymore dev dump.

Maybe the community wants to take over the development of purecoin? Any takers?

Follow my logic?

http://dedicatedpool.com
Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode ##dedicatedpool

You are disappointing for someone with such high reputation. You keep pushing for your own interests and in this case your interest (keeping the coin alive) is not what is best for the community - relaunch. With relaunch your pool's current hashrate will be worthless and this is only that matters to you, whatever you say its all about $$$ that you make from fees. I don't even understand what is the reason that your pool (or any other pool) are collecting these fees - you don't do any good for community (in this case you destroyed the coin by your fork), its only about greed and $$$ and you don't give a shit about the coin - you will dump the coins you collect from the fess as soon as they become listed on the bigger exchange.

We have to collect fees because we lose money every month on server fees. We lose sleep constantly for little to no pay, and get reamed out on forums as 'scammers' when it's most often fly-by-night coin launches that end up hurting people.

How can you say pool operators do no good for the community when we're usually the folks finding issues and fixing them. We're the front lines of the crypto scene, dealing with the non-stop DoS attacks and trolling.

The real question here should be: "Why would you shit all over your life just to take shit from pubbies" and that's something I ask myself constantly.

Dedicatedpool with his fees and 50% network hashrate gets 1%+ coins which is sometimes more than what the dev team has and yet they don't support/promote the coin in any way. People talk about dumpers, I think pool operators are the biggest dumpers of any coin. Maybe smaller pools are barely breaking even but dedicatepool certainly is not and yet they behave in a reckless way.
DDoS attacks are because pool operators are fighting for $$$ in fees, no pools - no DDoS.
Do you really think that we will believe that you lose sleep constantly for little to no pay? Yeah right, tell that to someone outside crypto world. People living in the US where outside option for job opportunity is one of the highest in the world are choosing to become pool operators as their day job - it has to be very profitable to run the pool. I would buy your story if pool operators were from developing countries were it is very hard to earn any $$$ and maybe they would work for pennies but this is not true - US/Canadian pools dominate crypto by ripping off the miners and dumping coins in the market.

We all want transparency from dev's premine but why don't we require transparency from pool operators? They can easily dump their coins and everybody is fine with it.

Put your money where your mouth is - go run a pool. You probably can't, because the technical knowledge required to do it properly instantly makes you eligible to make 40-80k USD / year working a day job, so you wouldn't be running your mouth over 1.6btc a shit coin dev dumped on today's coin. If you do pull it off, you'll learn very fast that the only money to be made in this niche is when you go through the shit Dedicated did for months and build up a following. All of which can come crashing down to a DoS attack while you're sleeping, so you need partners.

Why don't you ask why Multipool was begging for venture capital on some crypto-stock exchange so he could quit his dayjob? That pool has 26gh/s, so do you really think us guys with 500mh/s are rolling in it? All you are doing here is showing off your hater skills, on the internet.

All I wanted to say is that running a pool is just a commodity - using open source code, installing it and renting a server is certainty something that doesn't create anything new in the crypto world. Developing a coin is completely different game and yet these pools get the same % as coin developers. If pool operators should earn 40-80k/year as you say than how much should coin developers earn? Multiples of that I guess, and yet whenever there is a premine people scream scam but when pool operators are dumping no one even cares.
To me - scam is when pool operators cause forks, force people to be on their fork, dump the coin etc. Why should these people earn 40-80k/year is beyond my understanding - in developing economies (China/India etc) there are enough knowledgeable people who could do the same job for 10% of that reward and everybody would be better off (less dumping, DDoS etc) apart from current pool operators.

If running a pool takes nothing but some open source code and a rented server, go ahead and do it. Once you magically show us all how it's done, enjoy making no money.

If I do it, and I am thinking about it, the fees will not be 1 or 2%, but 10% of that, i.e. 0.1 or 0.2% - this should be more than enough to pay for the servers. The problem is that community will not trust my pool, I will have to think how to go around this.

Quote from: chisefu on May 30, 2014, 10:42:57 AM

Let me ask you, if a pool doesn't sell their coins how are we supposed to pay our server fees? It's such a simple question. You go on about how you want pool operators to be transparent, well that's what the block chain is for. You've got the exchange owner that outright said it wasn't Dedicated that dumped the premine, but you keep going on about pools.

1-2% is way more than what is required to pay for the servers. As you said, pool operators who are running pools as their dayjob are making 40-80k/year and we are paying for this. There is no reason to pay for it as setting up a pool is rather simple task (I did setup a couple of private pools for my own rigs). Instead of having N pools being up at launch for every single coin we could have 10N pools randomly being up at launch

Quote from: chisefu on May 30, 2014, 10:42:57 AM

You're a total hypocrite yelling for transparency when you create some alt account on this forum and instantly start attacking people with your massive 18 post count. Who are you to ask for transparency when you somehow come out of nowhere and start discussing how shibecoin was an instamine and dedicated is creating forks, how could an 18 post newbie know this kind of stuff. You say pool operators bring nothing to the table, look at your past posts and ask what you're doing other than try to be the internet hall pass monitor.

I am not trolling, I am discussing the issues that I currently see with new coins. Transparency is required from the ones that are running the show - devs and pools, however for some reason community is only questioning the dev teams.

Quote from: chisefu on May 30, 2014, 10:42:57 AM

I really don't know where you're coming up with this China/India crap like they're somehow morally superior to everyone else at 10% the price. They're people, just like everyone else, the amount of dumping and ddos'ing would most likely be the same. I don't know where you come up with this fantasy stuff about pool operators being in on some kind of anti-industry conspiracy.

China/India offers cheaper labor, the labor for which we (the community) are paying for when we use the pools. The problem is that there is little trust in new pools and pool mining has been centralized in the hands of very few. However, these pools are only providing human labor and nothing more and we are paying for it. Why are we hiring white clerk workers to work at McDonalds?

Quote from: chisefu on May 30, 2014, 10:42:57 AM

Regardless, you're a troll, your post history shows that. You have never said anything positive once in any thread, and you talk about bringing solutions to the table. The only thing I can see remotely close to a solution is you proposing that we all stop and let people in China/India enlighten us about your dreams of convenient morality.

You are accusing me of trolling without actually trying to understand the problem that pool mining is facing. Multipools are bad, somehow people agree on this, but regular pools are not better.

Do it, start a pool with .015% fees, I dare you. Be more transparent than pools already are, tell everyone what's in your wallet and when you're dumping it, show the world. I never said pool operators make 40-80k per year, I said they're worth that on the real world job market because of the skills required to successfully operate a pool. When I say successfully, I don't mean lose money, you need to break even at the very least. Once you're up and going, and people decide to hash at your pool (if you're quick enough on launch), you'll get DoS'd right away and you'll see that you need to spend AT LEAST $500.00 per month just to stop the front end attacks, and then you're left dealing with the stratum floods and so forth.

Once you have spent 3 hours refreshing a page, waiting for source code because the dev is late, and the other pools compile faster than you and you get nothing, you'll see what I'm talking about. If you do win, and somehow you've built up enough loyal hashers that you can be one of the top 3 pools, you'll go down in a blaze of DoS and give up. Please prove me wrong, I really want to see your .02% pool, you'll need that $5.00 VPS and be willing to work for 2 cents an hour.

You need at the very minimum $120.00 for a quad core server with basic DDoS protection, which means in order to cover those fees you will need 1gh/s constant hash rate just to break even, and there's 35% of your server resources in this best case scenario. Your best bet will be to make about $250.00 per month on fees, but you would have to carry about 3gh/s (about what Dedicated carries) if you never sleep.

It just can't work, but just because you somehow think you know better than I do, I want to see you try.

Please, put your money where your mouth is and start a pool. I'd really like to see this, because there have been a lot of tards like you in the past that was planning to 'show us all' and it never materialized.

Your calculation is off by a factor of 10, I was talking about 0.1-0.2% fees, i.e. fees are 10 times less than current fees, and I would only need a hash rate of 300MH/s to break even.
DDoS could be avoided if pool owners collectively lower their fees by a factor of 10, thus making pool business much less lucrative and DDoS would not make sense.

You're right I'm wrong, .15% it is, go do it. I really want to see this.

Anyways, I'll wait for your weak ass excuse for not doing it.