Bitcoin Forum

Other => Beginners & Help => Topic started by: Kingpin on June 24, 2011, 02:32:38 AM



Title: Just a question
Post by: Kingpin on June 24, 2011, 02:32:38 AM
can a site owner screw us out of coins by shutting down the server when 50 btc are found. only to put it back up showing none were found?


Title: Re: Just a question
Post by: x0Jakeyboy0x on June 24, 2011, 02:41:16 AM
Sounds quite feasible to me. Though it seems one could check somehow.


Title: Re: Just a question
Post by: wpride on June 24, 2011, 02:44:24 AM
Yes I think so too.


Title: Re: Just a question
Post by: Kingpin on June 24, 2011, 02:46:38 AM
how would one check? not saying that that is happening but i would like to check it out.


Title: Re: Just a question
Post by: x0Jakeyboy0x on June 24, 2011, 02:55:40 AM
You should be able to use Bitcoin Block Explorer. If you know the pool's address or the block number you believe them to have solved, you should be able to do a search. For instance.

Block -> http://blockexplorer.com/b/132962
Address that solved it -> http://blockexplorer.com/a/5PtiASvpW4

You can search any address and see transactions to and from it.


Title: Re: Just a question
Post by: DrDeke on June 24, 2011, 03:02:44 AM
The pool operator wouldn't even have to shut the server down; they could simply refuse to pay out any rewards.


Title: Re: Just a question
Post by: krash2501 on June 24, 2011, 03:10:54 AM
yeah that would suck and who would know???


Title: Re: Just a question
Post by: mikeintimesaves9 on June 24, 2011, 03:15:31 AM
The only check in the system is that the first time would probably be the time that jerk could pull that trick, because no one would log back into his pool anymore.


Title: Re: Just a question
Post by: Explodicle on June 24, 2011, 03:26:25 AM
The site operator could steal several blocks worth of coins and probably get away with it. If the payoffs were very far from the mean for a long time, users would catch on and quit. Fortunately, most pools start small and establish trust first.