Bitcoin Forum
June 21, 2021, 05:14:32 AM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Speculation  (Read 936 times)
MeSarah
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
July 05, 2011, 02:32:27 PM
 #1

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?

60 GH/s BFL Single SC - Pre-Order Yours Today!
`````` Only $1299.99 - butterflylabs.com ``````
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1624252472
Hero Member
*
Offline Offline

Posts: 1624252472

View Profile Personal Message (Offline)

Ignore
1624252472
Reply with quote  #2

1624252472
Report to moderator
1624252472
Hero Member
*
Offline Offline

Posts: 1624252472

View Profile Personal Message (Offline)

Ignore
1624252472
Reply with quote  #2

1624252472
Report to moderator
anthony.selby
Newbie
*
Offline Offline

Activity: 42
Merit: 0



View Profile
July 05, 2011, 02:37:52 PM
 #2

Whats to stop them from simply solo mining ... they are a bot net ... they should have power enough to match most mining pools ?
elggawf
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
July 05, 2011, 02:42:03 PM
 #3

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

^_^
dan_a
Newbie
*
Offline Offline

Activity: 48
Merit: 0


View Profile
July 05, 2011, 02:45:13 PM
 #4

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.
dacoinminster
Legendary
*
Offline Offline

Activity: 1260
Merit: 1029


Rational Exuberance


View Profile WWW
July 05, 2011, 06:15:57 PM
 #5

Here's a cartoon showing what is going on:



Just replace "a stock" with "bitcoins".

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!