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Author Topic: Speculation  (Read 901 times)
MeSarah
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July 05, 2011, 02:32:27 PM
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Are the recent price dips cause by botnet operators dumping their btc? I am of the opinion that they are hving an effect on current prices. What if anything can be done to control this issue? One thing I was thinking of was when a bot is discovered on a pool that the pool operator just keep those btc. I think it would also be a good idea to share btc and ip address with the exchanges and maybe between the pools themselfs. Pool operators might also report the bots to their prospective isp. This will help if only minimally to slow the rate infection.

Whats your thoughts and opinions?

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anthony.selby
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July 05, 2011, 02:37:52 PM
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Whats to stop them from simply solo mining ... they are a bot net ... they should have power enough to match most mining pools ?
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July 05, 2011, 02:42:03 PM
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Whats to stop them from simply solo mining ... they are a bot net ... they should have power enough to match most mining pools ?

It's a lot more work? Smiley

^_^
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July 05, 2011, 02:45:13 PM
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Whats to stop them from simply solo mining ... they are a bot net ... they should have power enough to match most mining pools ?

It's a lot more work? Smiley
1. They're likely to be CPU mining, so probably don't have the power of even the smallest mining pool
2. It's more tracable since it will be going back to 1 bitcoind daemon
3. If you're likely to be taken offline at any point it's better to get small regular payouts than possibly one large one, but probably nothing.
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July 05, 2011, 06:15:57 PM
 #5

Here's a cartoon showing what is going on:



Just replace "a stock" with "bitcoins".

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