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.
...
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.
I can understand that people are worried about the 51% attack issue, but as you said it has been this way for months now and nobody cared. We did not attempt an attack and I honestly have to be insane to even try any kind of attack, as it will drive down the price and therefore also kill our earnings. It's like shooting myself in the foot. But yeah, I understand that trust alone is not good enough.
Actually there is a little anecdote about this. When we reached ~50% of the Primecoin network a few months ago I was really worried people would abandon the pool and flood the internet with anti-ypool messages. To counter this I added standalone Solomining support(see
commit) to the most used ypool miner and announced it on our chat and in the peercointalk forum. Surprisingly, hardly anyone cared and the hashrate continued to go up. To this day I doubt the network hashrate by the solominer ever exceeded 2%.
I have discussed closing the pool when nearing 50% hashrate with several people already, but it will lock out only new miners. Nearly every Primecoin or Protoshares miner has an account on ypool already. It wouldn't really affect the hashrate. One thing I have planned however, is to put up an clearly visible warning sign when the pool reaches at least 30-40% of the network. It will link to a page with detailed explanation of 51% attack and what affect it can have on the reputation and price of the coin. Everybody is then free to decide if he will risk it or leave the pool.
On the long term I want to release a miner (open source of course) that will also connect to the coin network and retrieve work information from there. This way it is guaranteed that the pool cannot execute a 51% attack since it is based on withholding/manipulating blocks.
do you really believe the fee is only 6%? 
who did the math? 
Obviously you didn't. You are moderator on this board and it's a shame to see you spreading rumors.
On a side note we lowered the fee to 5% a few days ago. That is still a lot, I know. But the high fee is one of the things that stop the pool from having 100% of the hashrate.. so it's good for the network, don't you agree?
The problem is, there is no punishment to having 100% hashrate - noone will jump the ship, nor the value will fall until they violate the rules and do something stupid like attempting double-spend. That is, until they get hacked, and that will be the real disaster.
It's not that easy, really. How do you think it works? You gain access to the pool server in whatever way and then you just press the big red button? We don't even have standard wallets running and there is no source to be modified or anything. All the attacker will see are just some weird applications running with strange debug output, every intruder will be happy if he is even able to steal some coins.. but even that is not as trivial as you might think. Not on ypool at least.
Did a 51% attack by a large pool ever happen? Not that I remember.. for very good reasons.
Interesting how none of the staff of ypool have posted on this forum or if they have, haven't commented on this thread. Kinda makes me think they don't care for the network, but rather just care for their wallets..
I don't scavenge all forums daily for new posts. I also kind of lost interest to post anything here.. all I get is permanent bashing from the Protoshares staff. I said it once and I will repeat it again, I am happy to cooperate and answer any concerns, but usually all I can find here is ypool-sucks mentality.
