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Offline Isaaaaah

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Why is ypool destroying PTS? (70% mined by ypool)
« on: January 15, 2014, 12:17:47 PM »

According to http://ypool.net/pts/stats_blocks
over the last 71 Blocks (Block 42202 to 42131) 50 of them were mined by ypool which is 70%
This is far beyond the feared 51% attack...
This leads to other pools drying out and the network getting centralized around the ypool entity.
Which in turn makes them currently the owners of protoshares and this results in difficulty and price drops.
srsly folks. y are you doing that?

Too greedy to switch to http://ptsweb.beeeeer.org/
or http://pts.1gh.net ?

I assume there are alot of frustrated miners that missed the bitcoin boom, who dont give a damn about decentralization/I3 and just want easy and quick profitz profitz profitz.
Well congratulations. You are ruining your profitz yourself...
« Last Edit: January 15, 2014, 12:26:21 PM by Isaaaaah »
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Offline 5chdn

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #1 on: January 15, 2014, 01:07:49 PM »
+1 :)

Warning about this since November.

But then again, having more than 50% does not mean they are abusing it. It only says they could.

All you miners out there, if you need a recommendation, beeeeer is such a lovely pool ;D

Offline r05

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #2 on: January 15, 2014, 01:09:32 PM »
+1 :)

Warning about this since November.

But then again, having more than 50% does not mean they are abusing it. It only says they could.

All you miners out there, if you need a recommendation, beeeeer is such a lovely pool ;D
This this this. If just for the sweet IRC channel. 8)

I had no idea ypool were accounting for so much % of the network.. I knew that they were big sure, but I was thinking ~50%.. No wonder other pools are struggling.
« Last Edit: January 15, 2014, 01:11:21 PM by r05 »
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Offline Isaaaaah

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #3 on: January 15, 2014, 01:52:16 PM »
You can easily check on their site under stats > blocks found
When you choose to display the last 50 blocks found, the difference between the first and the last block shown should be at least 100
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Offline mav2000

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #4 on: January 15, 2014, 02:43:01 PM »
Would moving to another pool reduce the payouts?

The only thing I dont like about Ypool is the 1 pts payout. But other than that I kind of like it. I dont mind checking out 1Gh or Beeeeer, but which one would be better? 1Gh seem to have a better interface

Offline Isaaaaah

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #5 on: January 15, 2014, 03:08:29 PM »
The ~6% poolfee at ypool dont bother you?
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Offline pariah99

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #6 on: January 15, 2014, 03:23:53 PM »
Would moving to another pool reduce the payouts?

The only thing I dont like about Ypool is the 1 pts payout. But other than that I kind of like it. I dont mind checking out 1Gh or Beeeeer, but which one would be better? 1Gh seem to have a better interface

You'll have higher variance in smaller pools; however (assuming that you have the same hashrate) on average, a lower fee pool should pay out more than a high fee pool.

be^5 is 2.5% vs ypool's 6%, and I'm planning to have all my machines pointed there for a long time, so I don't mind.  Plus, having that much hashing power at one node opens up the risk of a double spend attack :/  I think it would be neat if somebody could develop a standard p2pool-like distributed pool for current and future DACs.

Offline mav2000

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #7 on: January 15, 2014, 03:32:27 PM »
Would moving to another pool reduce the payouts?

The only thing I dont like about Ypool is the 1 pts payout. But other than that I kind of like it. I dont mind checking out 1Gh or Beeeeer, but which one would be better? 1Gh seem to have a better interface

You'll have higher variance in smaller pools; however (assuming that you have the same hashrate) on average, a lower fee pool should pay out more than a high fee pool.

be^5 is 2.5% vs ypool's 6%, and I'm planning to have all my machines pointed there for a long time, so I don't mind.  Plus, having that much hashing power at one node opens up the risk of a double spend attack :/  I think it would be neat if somebody could develop a standard p2pool-like distributed pool for current and future DACs.

Cool thanks. I think I will finish of the 1 PTS I have pending at Ypool before moving. And I seriously didnt know about the 6% fee...

Offline r05

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #8 on: January 15, 2014, 04:16:16 PM »
Would moving to another pool reduce the payouts?

The only thing I dont like about Ypool is the 1 pts payout. But other than that I kind of like it. I dont mind checking out 1Gh or Beeeeer, but which one would be better? 1Gh seem to have a better interface
Quality of a visual web interface has never been an indication of how a pool performs, afaik..

Would moving to another pool reduce the payouts?

The only thing I dont like about Ypool is the 1 pts payout. But other than that I kind of like it. I dont mind checking out 1Gh or Beeeeer, but which one would be better? 1Gh seem to have a better interface

You'll have higher variance in smaller pools; however (assuming that you have the same hashrate) on average, a lower fee pool should pay out more than a high fee pool.

be^5 is 2.5% vs ypool's 6%, and I'm planning to have all my machines pointed there for a long time, so I don't mind.  Plus, having that much hashing power at one node opens up the risk of a double spend attack :/  I think it would be neat if somebody could develop a standard p2pool-like distributed pool for current and future DACs.
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Offline fishseeds

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #9 on: January 15, 2014, 09:23:58 PM »


You'll have higher variance in smaller pools; however (assuming that you have the same hashrate) on average, a lower fee pool should pay out more than a high fee pool.

be^5 is 2.5% vs ypool's 6%, and I'm planning to have all my machines pointed there for a long time, so I don't mind.  Plus, having that much hashing power at one node opens up the risk of a double spend attack :/  I think it would be neat if somebody could develop a standard p2pool-like distributed pool for current and future DACs.

When you say 'higher variance' do you mean the chance of finding a block or a higher value share increases?

Offline JustHayden

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #10 on: January 15, 2014, 09:30:56 PM »
ypool can abuse it, which doesn't mean they are, but the fact that they are able to will drive the price down. We need to boycott ypool.
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Offline pariah99

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #11 on: January 15, 2014, 09:34:59 PM »
When you say 'higher variance' do you mean the chance of finding a block or a higher value share increases?

Well, neither - I was referring to how consistently the pool will generate protoshares for you.  The earnings each day are going to be a lot more spiky than a larger pool, but on average, after the pool fees are subtracted, they should be higher.

ypool can abuse it, which doesn't mean they are, but the fact that they are able to will drive the price down. We need to boycott ypool.

This sucks for ypool because it's not ypool's fault that everybody's flocking to it, but I guess it doesn't suck too much because they are raking in the fees.

Offline 5chdn

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #12 on: January 15, 2014, 09:54:24 PM »
Would moving to another pool reduce the payouts?

The only thing I dont like about Ypool is the 1 pts payout. But other than that I kind of like it. I dont mind checking out 1Gh or Beeeeer, but which one would be better? 1Gh seem to have a better interface

in theory (statistics), payouts are the same at every pool. the only difference is the fee.

simplyfied:
if you have 1 pool with 10 miners solving 1 block a day, each miner will get 1/10th block per day.
if you have 1 pool with 10000 miners solving 1000 blocks a day, ... guess what ... ;)

ypool can abuse it, which doesn't mean they are, but the fact that they are able to will drive the price down. We need to boycott ypool.

byocott would be a bit harsh.

a responsible pool would close down registrations at a hashrate of >30% of the network rate.

since they dont care for more than 2 months now i guess they are just greedy knocking of fees.

do you really believe the fee is only 6%? ;)
who did the math? ;D

This sucks for ypool because it's not ypool's fault that everybody's flocking to it, but I guess it doesn't suck too much because they are raking in the fees.

i disagree, pariah, responsible pools close down registrations at a certain hashrate.

Offline ripplexiaoshan

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #13 on: January 15, 2014, 10:10:50 PM »
I am also worried, but the earning in ypool is indeed the best, for which people can't resist. By the way, the fee of Ypool has been reduced to 5%
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Offline r05

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Re: Why is ypool destroying PTS? (70% mined by ypool)
« Reply #14 on: January 15, 2014, 10:19:57 PM »
I am also worried, but the earning in ypool is indeed the best, for which people can't resist. By the way, the fee of Ypool has been reduced to 5%
It has another 3% to go until it matches beeeeers... 8)
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