|
Title: Are mining pools the weakness of all mineable coins ？ Post by: samsss on February 08, 2014, 01:05:36 AM just started mining a month ago，found out what a 51% attack is, and pools can go down easyly.I mined litecoin,memorycoin,doge,moon,vert,earthcoin,lottocoin.few big pools have most of the hash power.Lets say 3 biggest pools have 30% each.One goes down ,not a problem.what if 2 of the 3 go down
Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: seriouscoin on February 08, 2014, 01:14:28 AM NO
Stop making thread, Spend at least 2 months of reading and searching. Kthnxbye Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: byt411 on February 08, 2014, 01:22:37 AM Stop spamming using your low intelligence and do research before you talk about something you don't even understand.
Pools don't go down that easily. Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: 2Kool4Skewl on February 08, 2014, 08:05:45 AM A pool going down won't 51% a coin, but anyone controlling 51% hashpower can 51% attack a PoW coin.
If you're concerned about the centralization of hashpower, pure PoS coins, like Nxt, aren't susceptible to 51% attacks. Nxt is resistant up to 90% currency concentration. Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: cr1776 on February 08, 2014, 02:12:37 PM Don't forget about p2pool. You get many of the benefits of pool mining while helping to protect from a 51% attack. And you should end up with more coins because of lower fees.
Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: Sonny on February 10, 2014, 02:50:21 AM just started mining a month ago，found out what a 51% attack is, and pools can go down easyly.I mined litecoin,memorycoin,doge,moon,vert,earthcoin,lottocoin.few big pools have most of the hash power.Lets say 3 biggest pools have 30% each.One goes down ,not a problem.what if 2 of the 3 go down seems like you misunderstood "51% attack"..... It will be a problem if 2 of the 3 big pools "co-corporate" with each other and controls 60% of hashrate, but it will not be any 51% attack if 1/2/3 big pools go down.... Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: byt411 on February 10, 2014, 04:39:55 PM just started mining a month ago，found out what a 51% attack is, and pools can go down easyly.I mined litecoin,memorycoin,doge,moon,vert,earthcoin,lottocoin.few big pools have most of the hash power.Lets say 3 biggest pools have 30% each.One goes down ,not a problem.what if 2 of the 3 go down seems like you misunderstood "51% attack"..... It will be a problem if 2 of the 3 big pools "co-corporate" with each other and controls 60% of hashrate, but it will not be any 51% attack if 1/2/3 big pools go down.... The only possibility is like in this example: 4 pools control 25% of network hashrate each. 3 go down, which would mean that the pool left controls most or all of the hashrate. Title: Re: Are mining pools the weakness of all mineable coins ？ Post by: Skinnkavaj on February 10, 2014, 06:56:39 PM Don't forget about p2pool. You get many of the benefits of pool mining while helping to protect from a 51% attack. And you should end up with more coins because of lower fees. ThisTitle: Re: Are mining pools the weakness of all mineable coins ？ Post by: Sonny on February 12, 2014, 11:37:45 PM Don't forget about p2pool. You get many of the benefits of pool mining while helping to protect from a 51% attack. And you should end up with more coins because of lower fees. ThisTrue. The only problem with p2pool is that, you need to have decent hashrate, or the variance will be pretty high. |