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Topic: Botnets are to Bitcoin, what GPUs were to Bitcoin 9 months ago - page 2. (Read 12700 times)

legendary
Activity: 1222
Merit: 1016
Live and Let Live
botnet is MUCH more valuable than being used for mining bitcoin. Using botnet for mining coins is stupid and asking to get caught. Running a contract DDOS business is much more profitable.

Yep: "It's the opportunity cost baby!"  Wink
legendary
Activity: 1806
Merit: 1003
botnet is MUCH more valuable than being used for mining bitcoin. Using botnet for mining coins is stupid and asking to get caught. Running a contract DDOS business is much more profitable.
member
Activity: 94
Merit: 10
Botnets were discussed so many times before on this forums. Conclusion: they are not really useful for mining. People did math. For details, use the search function.

Famous last words.


I can read smarty pants, they are WRONG.  Its called innovation (all be it illegal).   Botnets will harness the GPU's on the infected systems, sure as Botnets harnessed the "power" of spam 15 years ago.
sr. member
Activity: 406
Merit: 250
so you shutdown a still profitable 26Ghps farm for fear of something that could possibly happen, but probably wont?

makes sense  Huh
sr. member
Activity: 247
Merit: 252
Botnets were discussed so many times before on this forums. Conclusion: they are not really useful for mining. People did math. For details, use the search function.
member
Activity: 94
Merit: 10
I am convinced that Botnets will destroy mining by conventional means.  Innovation, (though illegal) will kill conventional miners.  The incentives are just too high.  1,000,000 infected computers (not hard to achieve at all with a Botnet, in reality the more successful Botnets have 10 million or more) will drive the difficulty through the roof!!!

Botnets to Bitcoin is what GPU's were to Bitcoin 9 months ago (less the illegal part).  The smart ones are packing their gear and selling off now.  I just shut down a 26gh network and now with the help of friends we are packing it up and preparing it for shipping, for sale.

While Botnets are illegal as all hell, that will not stop people.  Again all you need it 20-50 successful Botnets running to shut down the miners of today.  So that’s 20-50 people WORLDWIDE operating their individual Botnets.  Do you really believe that there are not 50 people on the planet that have the know how to do it and would not do it?  Do the math people. Cry Angry
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