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Status as of Thursday, November 13

Posted: Thu Nov 13, 2014 11:15 am
by Steve Sokolowski
  • Chris certified five of the six features in the next release. The remaining one is a new, much more minor issue, created by the fix to the "share is above target" issue, which I think I already fixed and have sent back to Chris for testing.
  • I thought it was worth making a comment about the quality of the mining software on the Internet. When I was performing the initial programming on this pool and later when I was adding features like merge mining, I reviewed other code to see whether I was doing things correctly or not. I've discovered now that almost every publicly available mining system has catastrophic bugs that cause lost shares, incorrect payouts, and other issues. It would be a competitive disadvantage to disclose them, so since they are not security-related, I won't explain the issues. However, there are many, and anyone who tries to simply download some pool software and set it up, thinking he or she can make quick money, is likely to be very disappointed.
  • It seems to me that some of the public software has not been designed with basic computer science principles in mind, and it is extremely frustrating to look at this software for guidance, and then later discover that it is incorrect. My theory is that mining is something that is much harder than designing websites or performing database programming, because it integrates concepts from many different fields like cryptography, parallel processing, memory management, security, networking, statistics, and so on. The code on the Internet seems like it works, and it looks right, but there are subtle flaws that don't show up until a lot of edge cases start to appear in the real world. People using that software probably are happy with the way their pools work at first, until later they find that the code isn't all it's cracked up to be.
  • I hope to release these fixes tonight or tomorrow night. This weekend, we will be taking some time off for the first time since May, but someone will be on monitoring duty in case there is a problem.
  • My brother told me that people on reddit want me to post about bitcoin market trends. I want to get the pool to the best it can be, so I apologize to those who enjoyed my writing. Hopefully, I'll be back to that soon. In the meantime, I'll draw attention to my posts in /r/bitcoinmarkets (which were shadowbanned by reddit administrators) made in early July, when I said that the previous bubble had topped out lower than expected, and that we were now in a new 6-8 month cycle, which began on May 31. I had predicted that the bottom would come in late October or early November, and then the market would turn up, as it always has in this timeframe, towards a new bubble in January or February (this current streak is not the beginning of the ridiculous rise yet). I continue to hold to that prediction, and I continue to disagree with /u/moral_agent, who has been treating the current cycle in his charts as if it were part of the previous cycle.

Re: Status as of Thursday, November 13

Posted: Fri Nov 14, 2014 12:07 am
by cukeking
My brother told me that people on reddit want me to post about bitcoin market trends.
I read most of the bitcoin subreddits every day, and this doesn't appear to be true.

The last 15 comments in your thoughts forum are ads for dick pills and Oxycontin, by the way. Apparently I'm the only one who ever actually looks there.

edit: also you were shadowbanned by reddit adminstrators from the entire reddit website for soliciting vote brigading. I don't know why you keep trying to paint this as having anything to do with something other than you blatantly violating the reddit rules. It is kind of silly.

Re: Status as of Thursday, November 13

Posted: Fri Nov 14, 2014 8:29 am
by Steve Sokolowski
I did say I violated the rules. I said I didn't know what the rules were, and once I did, I not only disagreed with the rules but also thought that the way "punishments" were metered out was unacceptable. It's not "wrong" to suggest that people downvote a bot that was polluting forums with spam. So I left.

You can check the content of the posts, and you'll never find a place where I deny committing a "violation." I don't respect reddit, so I'm not going to contribute there. I want to have control of my own content so that it doesn't disappear on the whims of reddit administrators.

The major problem I have with reddit is their practice of "shadowbans." I wasted hours writing things before people started asking what had happened. Even banning people outright and notifying them of the reason for the ban would be sufficient for me to have appealed the decision, but not even telling people that they are banned is unethical.