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Topic: Is the Bitcoin falling ? DDOS breaks almost every major Pool - page 2. (Read 4316 times)

member
Activity: 112
Merit: 10
Even if every pool were DDOS'd and they all broke, permanently even, so what? It doesn't affect Bitcoin, pools are just a way to make mining give you money more immediately. (not faster, as there's a slight fee and theoretically the amount of time it takes you to get 50 BTC with a pool is the average amount of time it would have taken you to get a block by yourself)

Bitcoin doesn't rely on pools, pools rely on Bitcoin.

Well, statistically, at 1 gh/s, I will never hit a block mining, (assuming 30% difficulty increases forever). So a pool does pay me faster, because I should earn about 20 BTC from a pool in the next infinity (again, assuming constant 30% difficulty increases).
Good point, hadn't factored in difficulty increases.

As an extension of what DamienBlack was saying, how many miners would solo mine at todays difficult? If pools ceased to exist, what percentage of miners would stop mining?

Just look at the "other" section on Bitcoin Watch  Smiley

But, to the point of the OP, this is in no means Bitcoin failing. Individual pools may have failed, but interestingly enough, the network adapts. One pool goes offline, people move to others. The more diversified our network is, the strong it is.
full member
Activity: 224
Merit: 100
Even if every pool were DDOS'd and they all broke, permanently even, so what? It doesn't affect Bitcoin, pools are just a way to make mining give you money more immediately. (not faster, as there's a slight fee and theoretically the amount of time it takes you to get 50 BTC with a pool is the average amount of time it would have taken you to get a block by yourself)

Bitcoin doesn't rely on pools, pools rely on Bitcoin.

Well, statistically, at 1 gh/s, I will never hit a block mining, (assuming 30% difficulty increases forever). So a pool does pay me faster, because I should earn about 20 BTC from a pool in the next infinity (again, assuming constant 30% difficulty increases).
Good point, hadn't factored in difficulty increases.
jr. member
Activity: 56
Merit: 1
Even if every pool were DDOS'd and they all broke, permanently even, so what? It doesn't affect Bitcoin, pools are just a way to make mining give you money more immediately. (not faster, as there's a slight fee and theoretically the amount of time it takes you to get 50 BTC with a pool is the average amount of time it would have taken you to get a block by yourself)

Bitcoin doesn't rely on pools, pools rely on Bitcoin.

Well, statistically, at 1 gh/s, I will never hit a block mining, (assuming 30% difficulty increases forever). So a pool does pay me faster, because I should earn about 20 BTC from a pool in the next infinity (again, assuming constant 30% difficulty increases).
full member
Activity: 224
Merit: 100
Even if every pool were DDOS'd and they all broke, permanently even, so what? It doesn't affect Bitcoin, pools are just a way to make mining give you money more immediately. (not faster, as there's a slight fee and theoretically the amount of time it takes you to get 50 BTC with a pool is the average amount of time it would have taken you to get a block by yourself)

Bitcoin doesn't rely on pools, pools rely on Bitcoin.
jr. member
Activity: 56
Merit: 1
The network is fine. Still chuggin away at 10.611 th/s. The DDOS'es have done nothing to make "bitcoin fail". Just a few pools that need better DDOS protection.
hero member
Activity: 527
Merit: 500
The only problem with this is that it won't work. You should read the tech paper.
full member
Activity: 196
Merit: 101
I don't think pools being DDOSd affects the prices that much in any predictable way. In fact, it could drive prices up with less inflation. I'm not sure why you are being so alarmist. There's not a great need for these changes to be put into the client.
full member
Activity: 184
Merit: 100
Is the Bitcoin falling ? DDOS breaks almost every major Pool!

Again as I said before. I would ask the developers to change the protocol in the future bitcoin client release to:

1) Include GPU mining.
2) Change the default mining model across the network to be "cooperative share-based mining" !!!.


This is how we get a really distributed currency and replace the mining pools with a distributed cooperative mining model.

AND bye bye 200-dollars-per-DDoS-attack-third-class-rent-my-ass-for-200-dollars Russian hackers!

the only thing left as a centralized model is the exchange provider(s).

This is the second time I call for that!

Anyone hearing this?

Anyone responding ?


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