Pages:
Author

Topic: DeepBit Controls About 40% of the Hashrate, Should We Be Afraid? - page 2. (Read 2837 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Is there a reason for deepbit to be so popular despite it's being popular anyway?

I mean they charge the highest percentage and all these 'advantages' they offer like paying for invalid blocks is a statistical zero sum game...

Less variance.
That's one too... and any most popular pool would offer the least variance afik.

It seems my suspicion is justified....
sr. member
Activity: 383
Merit: 250
Is there a reason for deepbit to be so popular despite it's being popular anyway?

I mean they charge the highest percentage and all these 'advantages' they offer like paying for invalid blocks is a statistical zero sum game...

Less variance.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Is there a reason for deepbit to be so popular despite it's being popular anyway?

I mean they charge the highest percentage and all these 'advantages' they offer like paying for invalid blocks is a statistical zero sum game...
sr. member
Activity: 383
Merit: 250
Even if they do get over 50%, I do not believe they would crap where they eat. Why would they do anything harmful that would damage their reputation and thus end their source of income?
vip
Activity: 980
Merit: 1001
no
*if* they get over 50% or the network they have a "chance" of taking over the network (if they wanted to), but even at 90% of the network there is still a 10% a chance they would not succeed.
A group of Pool owners including Tycho from deepbit discussed this one evening in depth.

Even so it would be good to see Bitcoin's hashing power less concentrated . If it is a concern for you mine on a mid sized pool and encourage your friends and acquaintances too Cheesy
sr. member
Activity: 462
Merit: 250
It's all about the game, and how you play it
This is not the first time this has been brought up and we're still all here
https://bitcointalk.org/index.php?topic=7562.0;all
sr. member
Activity: 490
Merit: 251
I just looked at
http://www.bitcoinwatch.com/
where a graph at the bottom shows the Hashrate Distribution.
DeepBit looks to have about 40%. If they get over 50% does that mean that they compromise the Bitcoin network?
Pages:
Jump to: