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Showing 4 of 4 results by AnchorBTC
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Board Pools
Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread)
by
AnchorBTC
on 14/06/2014, 03:24:06 UTC
Exactly.

If I contract someone to do some work for me, and not only do they not do it but they cost me money, there is no way I'm going to pay them. In fact I'd probably penalise them and try to recover costs, especially if others are affected.


This is not exactly what has happened here. *Contracts* were not broken.

What is happening here, it seems to me, is that an error was made, and the person making the error did not fully disclose it or try to remedy the error in a honest and forthright manner, rather chose to call foul and claim the withheld BTC - relying on the trust-less, mathematical nature of the system.

The error was discovered and the pool op decided to withhold payment - taking the position that the work was not done to the required standard.

Is Eligius  going to retroactively apply a contract based on some arbitrary statistical measure of block finding luck on all its miners? What exactly is that measure? Where is this standard going to be documented?

Bitcoin and its protocol is not meant to require "judges" and the decisions of "trusted" people.

One in a position to be able to make such a change (such as the case here with wizkid et al) should consider the impacts of doing so  carefully - it is a large responsibility.

Similarly, I also think that brucexie should also consider the impact of his obvious attempts at non-disclosure and the apparent withholding of his knowledge regarding the scale of the errors. It is easy to assume that he must have known about negative impact this would have had on others.

A good outcome would be for Brucexie to apologize and *allow* the money to be distributed; then Eligius sets about creating a statistical measure of work quality going forward that everyone has the opportunity to accept or reject.


Post
Topic
Board Pools
Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread)
by
AnchorBTC
on 14/06/2014, 02:33:18 UTC
creating an account just to say that makes me think something very serious and systematic is going on.

Who me? I did not just create this account. I created it a few months back when I got interested in more than just dogecoin.

I happen to paying more attention on bitcointalk just now because, a) it is raining here and b) bitcoin has or is about to reach a tipping point that affects everyone using it.

There is a very distorted process to fact finding here - and your post exemplifies this well.
Post
Topic
Board Pools
Re: [6600Th] Eligius: 0% Fee BTC, 105% PPS NMC, No registration, CPPSRB (New Thread)
by
AnchorBTC
on 14/06/2014, 01:58:51 UTC
[Do the people in your mining group know that you were involved in this withholding attack?

This kind of statement is typically pejorative - and its not been just you.

Who knows for sure if this was an attack (as in the sense of it being willful)?

Block withholding due to a bug in mining code that has now been fixed is one thing, an intentional block withholding attack is another.

Brucexie does not appear to deny the former - the extant narrative/claims suggests that there was a cgminer bug in their kit which got fixed - the time line on this is still a little unclear and it would be helpful if this was clarified.

So far as I can tell there is no evidence (that any one has seen presented so far on this forum) to support that this was willful.

Surely one needs this evidence in order to assess it; otherwise one is guessing.


Post
Topic
Board Announcements (Altcoins)
Re: [ANN] MON | Monocle | Merge Mined on VTC Vertcoin - No Premine - Scrypt-N
by
AnchorBTC
on 04/05/2014, 05:48:33 UTC
Cube Pool (stratum+tcp://vtc.cubeconnex.com:9555) Updates

Good news!

The huge MON backlog has been cleared progressively over the last 14 hours.  Every miners should receive their MONs by now.  Happy mining and may your MON grow with you!

Thanks I have been using your pool since nearly the start with 380 kh, and when I get to my rental tonight another 1.2 Mh will be pointed at you. I have watched you not sleeping very much and getting everything right. Great effort.

Where is your pool located? I am in Australia and get a good connection, but it is not as good as the node I was using which is in Australia but is not merge mining.