Re: [BitAffNet] How we're the #1 Bitcoin Mining Pool In The World (proof inside)
So now we're hiding blocks and not paying users? What?
Highlighted above in bold red
It is a concern that a pool operator doesn't understand the catches and pitfalls of bitcoin pools and bitcoin mining.
The pool can steal their own user mining blocks they find and not pay them out to the miners.
They cannot hide/steal the blocks found by the miners.
If the pool is mostly full of sockpuppets/fake users that are owned by the pool, then yes the pool will be able to hide that % of the pools blocks.
However, the higher the %, the more obvious it will be when the pool block find rate drops.
You cannot hide the miners blocks and be in any way sure you will not be found out.
You will most likely be found out.
Any miner that finds a block will have that information available to them in the cgminer API and the cgminer log.
So if you have been sending the miner work that doesn't match the rest of the pool, so the payout goes somewhere else different to the rest of the pools blocks, the miner only has to notice that they found a block (who doesn't notice that?!?) and the pool will be caught out as the scam that it is for stealing the miners payouts.
I'd also suggest that: ... that also happens to be a major crime in most countries to steal close to $10,000 and usually it's not too hard to track down the owner of a pool and send the police over to visit them ...
Please learn to read.200% is pretty great... if that's true then I'd be happy to put a link on our pool to your site... heh...
I'll have someone run some tests. PPLNS has that 'chance' that it may pay better... however it's a gamble. We chose not to support that payment model because it's very technically simple to hide blocks... and that's just not acceptable for us... anyway...
I think our users enjoy the consistency and predictability of our payouts...
I'll check you out
Thought I better correct a glaring piece of FUD in there I'll have someone run some tests. PPLNS has that 'chance' that it may pay better... however it's a gamble. We chose not to support that payment model because it's very technically simple to hide blocks... and that's just not acceptable for us... anyway...
I think our users enjoy the consistency and predictability of our payouts...
I'll check you out
You forgot to test against kano.is
Due to luck we've paid out 200% for anyone mining since the start (~1.5 months)
More than 200% for anyone who started just before the long 10 block run of under 100% at the moment
Transparent? See the entire source code for the pool on bitbucket
Do we hide where the extra BTC came from?
No.
It is simply luck so far and yes that will eventually change.
We don't say we are paying an extra X% out of magic - it's simply been pool luck so far.
P.S. I wrote the driver for the X3
Due to luck we've paid out 200% for anyone mining since the start (~1.5 months)
More than 200% for anyone who started just before the long 10 block run of under 100% at the moment
Transparent? See the entire source code for the pool on bitbucket
Do we hide where the extra BTC came from?
No.
It is simply luck so far and yes that will eventually change.
We don't say we are paying an extra X% out of magic - it's simply been pool luck so far.
P.S. I wrote the driver for the X3
Highlighted above in bold red
It is a concern that a pool operator doesn't understand the catches and pitfalls of bitcoin pools and bitcoin mining.
The pool can steal their own user mining blocks they find and not pay them out to the miners.
They cannot hide/steal the blocks found by the miners.
If the pool is mostly full of sockpuppets/fake users that are owned by the pool, then yes the pool will be able to hide that % of the pools blocks.
However, the higher the %, the more obvious it will be when the pool block find rate drops.
You cannot hide the miners blocks and be in any way sure you will not be found out.
You will most likely be found out.
Any miner that finds a block will have that information available to them in the cgminer API and the cgminer log.
So if you have been sending the miner work that doesn't match the rest of the pool, so the payout goes somewhere else different to the rest of the pools blocks, the miner only has to notice that they found a block (who doesn't notice that?!?) and the pool will be caught out as the scam that it is for stealing the miners payouts.
I'd also suggest that: ... that also happens to be a major crime in most countries to steal close to $10,000 and usually it's not too hard to track down the owner of a pool and send the police over to visit them ...
Then reread what I wrote ... quoted here yet again so you might actually read it this time ...