I'll bite. This is just too funny. And the fact that someone replied to it is hilarious.
Someone please tell me what school taught you that 3GH/9.5GH = 51%.
I really want to report them to the Department of Education of equivalent.
First off, a big pool can destroy a smaller pool by providing shares but no blocks. This game played on all non-cartel pools will make it easy for a cartel to make their pools raise to gain more than 50% in combined hashing power.
Deepbit + slush or btcguild is already more than 50%. So the entire bitcoin economy that is oh so peer to peer independent nobody ever will control it ... depends on the good will of those behind deepbit, slush and btcguild. Isn't that a bit much trust in those 3? What is wrong in my analysis? Please enlighten me you gods of more than 100 posts!
I think his forum sig makes it even more funny. I better switch to solo mining so there's gonna be 4 peers now.
Oh guys it is not that complicated but I'll reword my sig some day so that even you will get it.
Do you realize that the peers are not the miners but the pools? The miners only do what the pool tells them to do. So according to bitcoin watch
, there are seven pools accounting for 95% of the bitcoin network. That is a very bad situation. I hope to see many more pools and pool software so people just start pools with friends and communities that have a natural trust in each other beforehand.