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Topic: To all of the deepbit whiners. - page 2. (Read 4789 times)

legendary
Activity: 2058
Merit: 1452
June 08, 2011, 07:37:11 AM
#5
if deepbit implements this, I'll be happy to use their pool.
https://forum.bitcoin.org/index.php?topic=9137
member
Activity: 111
Merit: 10
June 08, 2011, 07:35:11 AM
#4
dude no offense to you but your totally missing the point.

no other pool is ANY WHERE NEAR as big as deep bit.

But it's perfectly feasible for the other pools combined to have 51% of the hashing power (or more), and they could all be ran by the same entity in disguise. They don't need to be as big as deepbit.
hero member
Activity: 896
Merit: 1000
Buy this account on March-2019. New Owner here!!
June 08, 2011, 07:32:44 AM
#3
dude no offense to you but your totally missing the point.

no other pool is ANY WHERE NEAR as big as deep bit.

Solo mining is impossible for 95% (or more) of the miners out there.

no one person should have that much control over the hashing power of the bitcoin network

bitcoin is supposed to have no central authority, every single wiki, youtube video, blog about bitcoin says that

but this much hashing power almost creates a central authority and it certainly gives one person way too much control over this network which is supposed to be:


"The peer-to-peer topology and lack of central administration are features that make it infeasible for any authority (governmental or otherwise) to manipulate the quantity of bitcoins in circulation, thereby mitigating inflation.[1]" - wikipedia

well someone with this much hashing power has quite a bit of control dont they?
legendary
Activity: 1708
Merit: 1010
June 08, 2011, 07:31:42 AM
#2
You are correct.  All around, it's better to mine solo.
member
Activity: 111
Merit: 10
June 08, 2011, 07:18:51 AM
#1
Excuse me for being new here, but I've been watching all of the threads complaining about deepbit getting too much of the hashing power.

Isn't that a little blatant? If there were evil intentions, wouldn't it be better for Tycho to make 3-4 different pools, run them on different servers and under different names, posting as different names here (or hiring surrogates to post for him), and having them all appear to be independant, so that people think that they are seperate, when they're not?

Wouldn't that be a more effective attack? Would you guys even see that kind of attack coming?

Perhaps you should all be worried about any bunch of pools getting more than 50% of the hashing power as well.

Maybe everyone should mine solo, just to be safe.
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