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Title: Pool mining will kill bitcoin was Re: Will ASIC mining destroy Bitcoin? Post by: xboxsold on November 19, 2014, 09:51:46 PM Actually We can comment on any thread if its relevant to the topic..
I would say now that POOL mining is very popular we need to be aware that right now many pool mining operations could control 51% and have many times already.. So its pool mining or group mining that can take down bitcoin it if wanted to.. Title: Re: Pool mining will kill bitcoin was Re: Will ASIC mining destroy Bitcoin? Post by: notlist3d on November 20, 2014, 05:39:18 AM Actually We can comment on any thread if its relevant to the topic.. I would say now that POOL mining is very popular we need to be aware that right now many pool mining operations could control 51% and have many times already.. So its pool mining or group mining that can take down bitcoin it if wanted to.. The thing is any company with 51 percent is highly invested in bitcoin. If they did a 51 percent attack they would essentially kill bitcoins, and cause a huge lose for their self. If they are a pool they would loose pool fees in future and any coins they do have would lose huge value. Title: Re: Pool mining will kill bitcoin was Re: Will ASIC mining destroy Bitcoin? Post by: xstr8guy on November 20, 2014, 11:35:59 AM What?! Pool mining is a threat? Lol.
The imminent death of home mining will soon be the death of pool mining. The real threat is the continued rise and dominance of ASIC manufacturer's massive mining operations. Title: Re: Pool mining will kill bitcoin was Re: Will ASIC mining destroy Bitcoin? Post by: philipma1957 on November 20, 2014, 11:49:00 PM What?! Pool mining is a threat? Lol. The imminent death of home mining will soon be the death of pool mining. The real threat is the continued rise and dominance of ASIC manufacturer's massive mining operations. you are close to the truth. a home miner with a 200amp power box can run ½ for mining or 100amps. or 12000 watts safety calls for about 10,000 watts. this is about 25-30 s-3's or 12-14th lets says this home miner goes state of the art all sp35's they do 5.5 th he can run 3 or 16.5th use 11k watts so the 'normal' home miner in the USA is capped at 16.5th I know a forum member with solar buyer he can do 19 kwatts safely so 5 sp35's or 27.5th at todays numbers 27.5th earns .345 btc a day about 10 a month about 3700 usd. It is not much. so if I max out I go to 1750 a month before power cost if my solar buddy maxes he goes to 3700 a month before power cost. In either case I do not count setup cost. So pool mining or asic mining destroying bitcoin meh. neither will destroy it. but all this shit morphs it like silly putty. |