Main Menu

One pool with almost 100% hashpower

Started by lest, December 26, 2013, 04:01:33 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

reorder

Quote from: isaacgoldbourne on December 26, 2013, 04:29:06 PM
Quote from: reorder on December 26, 2013, 04:25:58 PM
Quote from: isaacgoldbourne on December 26, 2013, 04:05:27 PM
Quote from: lest on December 26, 2013, 04:01:33 PM
Currently there is one pool with almost 100% hashpower. It makes MemoryCoin very unsecure at the moment.

We definitely should do something with it.
The creator has sold the source code to "a few" people.

Personally I feel it should be opensourced.

Still got a few days until they create pools :S has the damage already been done?
I am asking how much it will cost to buy, but I imagine it is a ridiculous sum. I would have a pool up by this evening however.

Opesourced to community of greedy, selfish miners who don't mind to mine with every bit of cpu power they can get for free or steal? Hmm, what could possibly be wrong with this?
The fact that they are already doing this, but on a pool that can damage the network
Not this early. You do not want to 51% the coin you have income in, that would kill it right away.

isaacgoldbourne

Quote from: reorder on December 26, 2013, 04:25:58 PM
Quote from: isaacgoldbourne on December 26, 2013, 04:05:27 PM
Quote from: lest on December 26, 2013, 04:01:33 PM
Currently there is one pool with almost 100% hashpower. It makes MemoryCoin very unsecure at the moment.

We definitely should do something with it.
The creator has sold the source code to "a few" people.

Personally I feel it should be opensourced.

Still got a few days until they create pools :S has the damage already been done?
I am asking how much it will cost to buy, but I imagine it is a ridiculous sum. I would have a pool up by this evening however.

Opesourced to community of greedy, selfish miners who don't mind to mine with every bit of cpu power they can get for free or steal? Hmm, what could possibly be wrong with this?
The fact that they are already doing this, but on a pool that can damage the network
MemoryDice now available! [url=https://bitsharestalk.org/index.php?topic=1886.0]https://bitsharestalk.org/index.php?topic=1886.0[/url]
Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

reorder

Quote from: isaacgoldbourne on December 26, 2013, 04:05:27 PM
Quote from: lest on December 26, 2013, 04:01:33 PM
Currently there is one pool with almost 100% hashpower. It makes MemoryCoin very unsecure at the moment.

We definitely should do something with it.
The creator has sold the source code to "a few" people.

Personally I feel it should be opensourced.

Still got a few days until they create pools :S has the damage already been done?
I am asking how much it will cost to buy, but I imagine it is a ridiculous sum. I would have a pool up by this evening however.

Opesourced to community of greedy, selfish miners who don't mind to mine with every bit of cpu power they can get for free or steal? Hmm, what could possibly be wrong with this?

isaacgoldbourne

Quote from: lest on December 26, 2013, 04:11:49 PM
A ridiculous sum to buy the sources could lead to ridiculous fees on these new pools.
Doubt it, he is charging 3.5% which is ridiculous but because he has high hash power people will go for consistent payouts. They will probably charge less.

We need at least 6 pools, in my opinion.
MemoryDice now available! [url=https://bitsharestalk.org/index.php?topic=1886.0]https://bitsharestalk.org/index.php?topic=1886.0[/url]
Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

lest

A ridiculous sum to buy the sources could lead to ridiculous fees on these new pools.

isaacgoldbourne

Quote from: lest on December 26, 2013, 04:01:33 PM
Currently there is one pool with almost 100% hashpower. It makes MemoryCoin very unsecure at the moment.

We definitely should do something with it.
The creator has sold the source code to "a few" people.

Personally I feel it should be opensourced.

Still got a few days until they create pools :S has the damage already been done?
I am asking how much it will cost to buy, but I imagine it is a ridiculous sum. I would have a pool up by this evening however.
MemoryDice now available! [url=https://bitsharestalk.org/index.php?topic=1886.0]https://bitsharestalk.org/index.php?topic=1886.0[/url]
Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

lest

Currently there is one pool with almost 100% hashpower. It makes MemoryCoin very unsecure at the moment.

We definitely should do something with it.