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  1. 12:20 < pirateat40> Gpumax.com has launched our invite only beta.  Check it out at https://bitcointalk.org/index.php?topic=55819.  Enjoy
  2. 12:24 -!- dissipate [~steve@unaffiliated/dissipate] has quit [Ping timeout: 252 seconds]
  3. 12:27 < luke-jr> syserr0r: you send me your 5850, I send you mine
  4. 12:28 < luke-jr> pirateat40: rollntime? noncerange? etc?
  5. 12:28 < pirateat40> ?
  6. 12:29 < luke-jr> pirateat40: longpolling is only one of many extensions needed for efficient mining
  7. 12:29 < luke-jr> pirateat40: also, does the longpolling go direct to the pool?
  8. 12:29 < pirateat40> Oh system passes everything from your miner to the pool.
  9. 12:30 < pirateat40> our*
  10. 12:30 < luke-jr> pirateat40: i c
  11. 12:30 < luke-jr> you should get VPS from me instead <.<
  12. 12:30 < pirateat40> We have a dedicated
  13. 12:31 < gmaxwell> pirateat40: ... I asked earlier in bitcoin-dev... what legit purpose does your 'leasing' service have except attacking bitcoin?
  14. 12:31 < pirateat40> Massive machine, with a failover coming soon.
  15. 12:31 -!- PMC2011__ [~PMC@108.100.236.134] has joined #bitcoin-mining
  16. 12:31 < luke-jr> o
  17. 12:31 < pirateat40> gmaxwell, simply opening up the leasing market.
  18. 12:32 < gmaxwell> You mean opening up the market for purchased chain forks to allow doublespend and finney attacks, right?
  19. 12:33 < pirateat40> gmaxwell, if that was what we were looking to do we would have our own pool.
  20. 12:33 < luke-jr> pirateat40: gmaxwell does have a point
  21. 12:33 < gmaxwell> No, if you had your own pool no one would use it because you'd be small and have a lot of varience.
  22. 12:33 < pirateat40> If the market thinks that every collection of hashing is a threat we are in more trouble than we know.
  23. 12:33 < gmaxwell> What you're doing is better.
  24. 12:33 < luke-jr> pirateat40: the only legit use for double-SHA256 is Bitcoin
  25. 12:33 < Diablo-D3> pirateat40: no, its the only viable attack
  26. 12:34 < Diablo-D3> pirateat40: thats it, theres no other viable attacks, none
  27. 12:34 < gmaxwell> 'better' in that you can get control of miners without having them adopt a small pool.
  28. 12:34 < gmaxwell> What Diablo-D3 says, concentration of hash power is the one attack bitcoin admits while closing all others.
  29. 12:34 < pirateat40> The odds that we are able to manage more than 51% is unlikely.
  30. 12:34 < Diablo-D3> atm its basically impossible
  31. 12:35 < Diablo-D3> deepbit is the largest concentration of hash power, its several thash
  32. 12:35 < Diablo-D3> and it cant do it
  33. 12:35 -!- PMC2011_ [~PMC@108.120.210.185] has quit [Ping timeout: 276 seconds]
  34. 12:35 < Diablo-D3> 3thash = 300 stock 5850s give or take.
  35. 12:36 < Diablo-D3> er no thats not right
  36. 12:36 < Diablo-D3> gmaxwell: whats 3 thash divided by 300 mhash?
  37. 12:37 < Diablo-D3> is it 10k?
  38. 12:37 < gmaxwell> You don't have to have more than 51% to attack. You just have to have more than 50% to always attack successfully.
  39. 12:37 < pirateat40> lol
  40. 12:37 < gmaxwell> Diablo-D3: yes.
  41. 12:37 < pirateat40> I was rounding
  42. 12:37 < gmaxwell> pirateat40: you're misunderstanding me.
  43. 12:37 < Diablo-D3> okay, 3 thash == 10,000 stock 5850s
  44. 12:37 < gmaxwell> pirateat40: you can have 10% of the hash power and attack.
  45. 12:38 < gmaxwell> pirateat40: and you're proving infrastructure where anyone can have that on demand.
  46. 12:38 < gmaxwell> Again what is the legit purpose of this, don't wave your hands. What need does this satisify?
  47. 12:38 < Diablo-D3> btw, theres a small problem on trying the attack on less than 50%
  48. 12:38 < rjk2> keeps users from buying whole mining contracts, and allows them to get smaller amounts on demand
  49. 12:39 < rjk2> right?
  50. 12:39 < Diablo-D3> you will get so many failed attempts that straight forward mining is far more profitable
  51. 12:39 < gmaxwell> rjk2: that doesn't make sense. when you buy mining contracts you pay in USD or EUR. It's just another way of buying bitcoin, but with a long term committment and mining uncertanty.
  52. 12:39 -!- trustyha_ [~trustyhan@c-71-224-43-246.hsd1.pa.comcast.net] has quit [Quit: Computer has gone to sleep.]
  53. 12:39 < pirateat40> gmaxwell, you can't blame someone for building a way to do it.
  54. 12:40 < Diablo-D3> might as well just add a 0 to the difficulty every 1% less than 50
  55. 12:40 < Diablo-D3> 50%? 1 in 1. 49%? 1 in 10. etc.
  56. 12:40 < pirateat40> gmaxwell, we only accept bitcoin for mining contracts.
  57. 12:41 < dub> wat
  58. 12:41 < pirateat40> So those purchasing from us will have to purchase bitcoins to use it.
  59. 12:42 < Diablo-D3> pirateat40: what, hoard the bitcoins route?
  60. 12:42 < Diablo-D3> you could do it, its a dick move
  61. 12:42 < gmaxwell> 12:40 < pirateat40> gmaxwell, we only accept bitcoin for mining contracts.
  62. 12:42 < gmaxwell> ^ Yes, thats what indicates to me that your service has no legit purpose.
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