Are mining pools the weakness of all mineable coins ？

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: Skinnkavaj on February 10, 2014, 01:56:39 PM

Quote from: cr1776 on February 08, 2014, 09:12:37 AM

Don't forget about p2pool. You get many of the benefits of pool mining while helping to protect from a 51% attack. And you should end up with more coins because of lower fees.

This

True.
The only problem with p2pool is that, you need to have decent hashrate, or the variance will be pretty high.

Skinnkavaj

sr. member

Activity: 469

Merit: 250

English Motherfucker do you speak it ?

Quote from: cr1776 on February 08, 2014, 09:12:37 AM

Don't forget about p2pool. You get many of the benefits of pool mining while helping to protect from a 51% attack. And you should end up with more coins because of lower fees.

This

byt411

hero member

Activity: 798

Merit: 1000

Quote from: Sonny on February 09, 2014, 09:50:21 PM

Quote from: samsss on February 07, 2014, 08:05:36 PM

just started mining a month ago，found out what a 51% attack is, and pools can go down easyly.I mined litecoin,memorycoin,doge,moon,vert,earthcoin,lottocoin.few big pools have most of the hash power.Lets say 3 biggest pools have 30% each.One goes down ,not a problem.what if 2 of the 3 go down

seems like you misunderstood "51% attack".....
It will be a problem if 2 of the 3 big pools "co-corporate" with each other and controls 60% of hashrate, but it will not be any 51% attack if 1/2/3 big pools go down....

The only possibility is like in this example:
4 pools control 25% of network hashrate each. 3 go down, which would mean that the pool left controls most or all of the hashrate.

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: samsss on February 07, 2014, 08:05:36 PM

just started mining a month ago，found out what a 51% attack is, and pools can go down easyly.I mined litecoin,memorycoin,doge,moon,vert,earthcoin,lottocoin.few big pools have most of the hash power.Lets say 3 biggest pools have 30% each.One goes down ,not a problem.what if 2 of the 3 go down

seems like you misunderstood "51% attack".....
It will be a problem if 2 of the 3 big pools "co-corporate" with each other and controls 60% of hashrate, but it will not be any 51% attack if 1/2/3 big pools go down....

cr1776

legendary

Activity: 4214

Merit: 1313

Don't forget about p2pool. You get many of the benefits of pool mining while helping to protect from a 51% attack. And you should end up with more coins because of lower fees.

2Kool4Skewl

sr. member

Activity: 644

Merit: 250

A pool going down won't 51% a coin, but anyone controlling 51% hashpower can 51% attack a PoW coin.

If you're concerned about the centralization of hashpower, pure PoS coins, like Nxt, aren't susceptible to 51% attacks. Nxt is resistant up to 90% currency concentration.

byt411

hero member

Activity: 798

Merit: 1000

Stop spamming using your low intelligence and do research before you talk about something you don't even understand.
Pools don't go down that easily.

seriouscoin

hero member

Activity: 658

Merit: 500

NO

Stop making thread, Spend at least 2 months of reading and searching.

Kthnxbye

samsss

member

Activity: 77

Merit: 10

just started mining a month ago，found out what a 51% attack is, and pools can go down easyly.I mined litecoin,memorycoin,doge,moon,vert,earthcoin,lottocoin.few big pools have most of the hash power.Lets say 3 biggest pools have 30% each.One goes down ,not a problem.what if 2 of the 3 go down

Topic: Are mining pools the weakness of all mineable coins ？ (Read 1301 times)