Give me ftc / ltc uses 10 confirms not 120 - get people on serraz's pool
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www.WeMineFTC.com has 20 confirms as well, not 120
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We’re talking about 10 not 20, but good to know :)
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Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
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No it means they use their stash or fees or try to keep enough people happy. 10 confirms tends to keep people happy though.
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[quote name=“raptorak” post=“2411” timestamp=“1368257486”]
Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
[/quote]I believe so.
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[quote name=“Nutnut” post=“2419” timestamp=“1368258614”]
[quote author=raptorak link=topic=368.msg2411#msg2411 date=1368257486]
Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
[/quote]I believe so.
[/quote]
Yup, they could be paying 200 FTC out of pocket if they pay out on an Orphaned block, but, that’s their choice. WeMineLTC/FTC are pretty big in the coin world, they can ‘afford’ a few orphaned blocks. :P -
[quote name=“raptorak” post=“2411” timestamp=“1368257486”]
Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
[/quote]It means we buy coins ourselves and fill up the hot wallet. :)
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[quote name=“serraz” post=“5644” timestamp=“1369288734”]
[quote author=raptorak link=topic=368.msg2411#msg2411 date=1368257486]
Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
[/quote]It means we buy coins ourselves and fill up the hot wallet. :)
[/quote]Further to this you know if a block is orphaned straight away after the first confirm. It shows up on the bool as validity 0. Hope this helps
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[quote name=“serraz” post=“5646” timestamp=“1369289175”]
[quote author=serraz link=topic=368.msg5644#msg5644 date=1369288734]
[quote author=raptorak link=topic=368.msg2411#msg2411 date=1368257486]
Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
[/quote]It means we buy coins ourselves and fill up the hot wallet. :)
[/quote]Further to this you know if a block is orphaned straight away after the first confirm. It shows up on the bool as validity 0. Hope this helps
[/quote]That’s unfortunately not true. Any number of blocks can always be orphaned by a longer chain, unconfirming what would appear to have a good number of confirmations. I always sight the example of the alt coin that didn’t change it genesis block, and had it’s entire chain to date overwritten with the longer, original coins chain, unconfirming every single transaction that had ever been made.
This is the basis for the 51% attack: Any time someone has more than 51% of the hashing power, they can generate a longer chain faster than the rest of the network, and play their own longer chain, orphaning the old one and unconfirming all it’s confirmations. That’s why more pools == better, because it divides up the hashing power among the network.
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[quote name=“Kevlar” post=“5661” timestamp=“1369295190”]
[quote author=serraz link=topic=368.msg5646#msg5646 date=1369289175]
[quote author=serraz link=topic=368.msg5644#msg5644 date=1369288734]
[quote author=raptorak link=topic=368.msg2411#msg2411 date=1368257486]
Question: if they are giving out the funds at 10/20 confirmations (and that’s less than FTC needs?) does that mean they are paying out before they are even sure that the block isn’t orphaned/unpayable?
[/quote]It means we buy coins ourselves and fill up the hot wallet. :)
[/quote]Further to this you know if a block is orphaned straight away after the first confirm. It shows up on the bool as validity 0. Hope this helps
[/quote]That’s unfortunately not true. Any number of blocks can always be orphaned by a longer chain, unconfirming what would appear to have a good number of confirmations. I always sight the example of the alt coin that didn’t change it genesis block, and had it’s entire chain to date overwritten with the longer, original coins chain, unconfirming every single transaction that had ever been made.
This is the basis for the 51% attack: Any time someone has more than 51% of the hashing power, they can generate a longer chain faster than the rest of the network, and play their own longer chain, orphaning the old one and unconfirming all it’s confirmations. That’s why more pools == better, because it divides up the hashing power among the network.
[/quote]Actually what you are talking about is completly different to what i was saying. i said if a block is orphaned straight away as in found to be a orphan instantly it will show up as 0 validity on the pool site.
But yes what you are saying is 100% correct as we have already seen multiple times on FTC and other alts
