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1  Bitcoin / Mining speculation / Re: How to attack Bitcoin mining? on: August 18, 2014, 09:01:43 PM

Oh and withholding shares can be be detected with some smart heuristics.

That sounds like it may be an answer, why this can't work thanks!


I asked about the 'smart heuristics' on the BitShares forum scorchingsun,


If you divide your attack hash power among 1000 accounts, then the probability that any one of those accounts would find a block in a given a given year is effectively 0.  No way to distinguish "unlucky" from "withholding" without a large enough sample size.   Keep the accounts small enough and you will be undetectable.   (Sybil Attack)

If someone like BCX, who seems to know his stuff, could give me a simple answer why this attack wouldn't work I would greatly appreciate it. Thanks!

You may be right about that, I'm not that firm in the theory. But in order to mine at other pools or pools at the same time, they'd need you to find a solution for the same Bitcoin address as the coinbase (not the company) address.
2  Bitcoin / Mining speculation / Re: How to attack Bitcoin mining? on: August 18, 2014, 05:57:40 PM
That strategy isn't that bad, actually! No wait, it is! Your whole plan fails due to the fact that you only mine looking for a solution for the pool's address! Withholding the winning shares will hurt the pool, but you can't subsidize anything with that.
Oh and withholding shares can be be detected with some smart heuristics.
3  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: July 30, 2014, 09:31:38 PM
hmmm, interesting!
looking for (automation) industrial engineers?

Looking for people who can obey orders, smile, clean rooms, serve tables, cook, know wines, stand long hours in scorching sun, nitpick about petty amounts, do gardening, smile, drive cars, furnish rooms, clean toilets, empty trashbins, greet guests, empty ashtrays, water lawns, sell wines, do the laundry, smile, answer repetitious questions, clean floors, obey orders and smile.

Oh yes, and the starting pay is bad but the range goes up to 4000€/month.

As we are an equal opportunity employer, being an industrial engineer is not a disqualifier.

I don't want anyone to stand long hours in me!  Angry
4  Economy / Securities / Re: ASICMINER Speculation Thread on: July 30, 2014, 07:17:52 PM
I'm totally psyched getting to know how friedcat looks like!
5  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: July 23, 2014, 10:36:30 PM
I love you lambchops


That's awesome! In midst of everything collapsing at least the people still love one another!
6  Bitcoin / Bitcoin Discussion / Re: Bitcoin long time perspective on: July 18, 2014, 06:16:21 PM
I'm confident about the long term success of bitcoin! It'll have a bright and SUNNY future!
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