Maybe a closer analogy would be Minergate or Nicehash, botnet might infer more negative than it deserves.
The tech is legit and can easily be incorporated into the ecosystem. This was already proven / stated many times.
The problem is not really NoSSD, but rather myopic vision on Chia side. For once, there is no provision to incorporate a third-party plots into the system, as harvester is not expandable and there is a lack of proper support on the pool side API. If that would be in place, they could easily license the pool side API without opening the harvester/plot specific part to any pool, or just license such API to Chia, and their plots would become standard.
As far as âa quick XCH,â they potentially spent 2-4 man-years getting it up-and-running. They are devs that live by what they code. How would you see them being compensated?
The botnet part is on the security side (orthogonal to tech), and it is a valid point, at least it should be considered by anyone joining their pool. However, the same can be said about any OG pool, or FlexFarmer for that matter.
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When dealing with the public, not everyone will understand the risks â especially when it is complicated or are not aware of this and other forums.
Someone new is not likely to read 784 comments in a thread to make an informed decision, assuming they come across this thread.
I would estimate that most users will understand what they are getting themselves into â but there will always be others that will just assume that it is safe, just because others are participating.
That cannot be verified. If it can be verified â how?
If I had to place a bet, I would lean towards the developers being truthful on their claimed time and efforts. But my bet would never be access to my XCH.
Bernie Madoff was trusted by countless well-to-do people that had all of the resources at their disposal. For years, Bernie was beyond reproach.
I am not implying that the NoSSD team are doing anything wrong, or have any intention of doing anything wrong. But we have no way to know. They are just names on a screen offering code that is proven to work, but whose code might one day allow them to unlock the vault and disappear into the hills.
They seem sincere, and my bet would be that they are on the level. But that is not a substitution for confirmation.
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Yep. You canât fix stupid. That being said, this point still depends on NoSSD turning nefarious. There is zero proof of that to date. Farmers are getting paid as expected.
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There was no proof of Bernie Madoffâs nefarious actions, prior to being caught.
That NoSSD âcanâ turn nefarious is crux of the matter.
Not all villains act the way we see them in old, black & white movies. The smartest ones get away with the loot. No confidence man reveals his true intentions during the game.
When smart people rip off âCanât fix stupidâ people, the shame should not be placed on the stupid people. It is not a crime to be stupid. If you are born that way, then that is that.
The shame for ripping off stupid people (or anyone) falls squarely on the shoulders of the predator.
I have an account at a savingâs bank. I do not have to concern myself with them turning nefarious. I have no risk with them.
That âthis pointâ depends on what NoSSD âcanâ do makes the point valid. Using their software puts you at their mercy.
The likelihood is that they are above board and can be trusted. But that is a supposition. That is a risk that I will not take. And when folks point out the risk, they should not be shunned. The risk is real.
Again, they are probably on the level.
But if they do, one day, take the XCH and run, then the âcanât fix stupidâ will be on the other foot.
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So is the likelihood that they are bad actors a supposition. Your risk is what exactly? That youâd have to replot? That you donât get paid for a block or two? If they break bad you can believe it will big news and it will be noticed almost immediately.
So whatâs the massive risk that youâre so adverse to that youâd give up a potential 30% gain?
Re-plotting takes a long time, and consumes significantly more electricity.
It also takes up the time of the person that needs to maintain the the operations of the re-plotting jobs.
That might sit well with you. But if I were mugged of $2, that would bother me. It would probably bother most people.
If a restaurant intentionally overcharged me $10, that would not break the bank. But I would not patronize them again.
I never wrote âmassiveâ. Why did you imply that I did?
No one knows the risk. It is closed code.
If you got an e-mail message with an attachment named âget_rich.exeâ, would you run it?
I will not run mystery code on my computers (short of in a sandbox), and especially if it is designed to handle crypt-o currency.
For those that might not have read my previous comments, I am not accusing anyone of being dishonest. I am pointing out the risks here. The risks are real, and I will not be deterred from doing so.
Those that are attempting to deride the exposure have not denied the exposure.
NoSSD seems to be in good standing, and will likely offer better returns. But you are taking a risk, and you should not be told to downplay the risk.
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The risk to me is negligible compared to the increase in returns that I am likely to see. There is risk in every facet of life. Assessing the likelihood along with the severity of those risks is something everyone must do. In this case the likelihood of something bad happening is fairly low in my assessment and the severity of NoSSD breaking bad is very low based on how I have deployed it in my system.
Everyone is entitled to their opinions and nobody is claiming there isnât any risk.
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People coming @ me like Iâm the villain here, lulz. Iâm not going to waste my time engaging with NoSSD fanboys. Everything Iâve said on the matter should be obvious to any thinking person, and anyone who doesnât get it can read this thread from the start. Like I said, this âtechâ brings no long term benefit to the blockchain or farmers, itâs a cheat and an attack, thereâs no evidence to suggest otherwise.
Iâve lived long enough to know humans inevitably destroy everything thatâs good for them, especially when they think they can make a buck, so no surprises here. If you wanna strangle the goose that laid the golden egg, go ahead, be my guest, but you were warned.
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Chia officials must consider abandoning the og pool. Only in this way will there be no endless problems like âNOSSDâ. This bitter fruit is caused by the government itself and must be corrected. It is hoped that the Chia project will be on the right track and that after the price rises, a hard fork will be boldly carried out to completely solve this problem.
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https://portal.productboard.com/chia-network/1-chia-community-product-portal/c/43-plot-format-2-0
Looks like Iâll just wait for Chia Network Inc to do it themselves
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So 23% compression not fake official? HmâŠ
Please explain how NoSSD is harming the Chia Network? 51% attack?
with a fee to leave (replot)
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Has anyone done the math to see if the +30% is worth the extra energy use? If I understand, thereâs more processing that needs to be done to uncompress the plots?
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you are secure chia network when you are farming with plots which use your own keyïŒthat is how chia network designedïŒthat is how chia network keep secure and decentralization.
howeverïŒif âfarmersâ their plots use the poolâs key ïŒthey are helping the pool operator who is a potential attackerïŒthe pool can create blocks nowïŒand may oneday modify the blockchain as long as it has enough space. and if such an attacke happens ïŒwe know it will happenïŒit is just a matter of time because you guys join the pool one by one and one after anotherïŒïŒthat is all because you nossd âfarmersâ â plots not use own keys. actuallyïŒthey are not farmersïŒit is the pool operator who is farming.
people will not use chia blockchain because it is not safe anymore. soïŒchia network will be killed before he has a chance to grows upïŒ
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So Hpool OG is still almost as big as spacepool. Does that make Chia dead?
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You are just seeing the obvious part of that design.
The problem with it is that the protocol between the pool and the harvester and eventual harvester plug-in is not there to support additional harvesting modulles. This is where Chia screwed up, and as such third-party developers need to go ass backward to get things done (e.gâŠ, NoSSD).
You could imagine that the harvester is able to work with plug-ins, and that there is a protocol that would enable pool to exchange data with such harvester plug-in. This way, the pool would be able to enable such plug-ins to work just with that pool. All the rest would work as it is today, thus nothing would be violated.
Of course, this is only with respect to NFT plots. The ability to create OG plots should be buried behind 10 clicks the day they released NFT plots, yet for whatever retarded reason those plots are still default ones making pools like HPool / Foxypool, etc. harder to kill.
it is same for NFT plots as long as farmers donât use their own keyïŒif their NFT plots use pool operatorâs keyïŒtheir harddisks are just cloud storage for the pool operator.
do farmers in Hpool use their own keysïŒ