Bitcoin Forum
December 11, 2017, 07:40:09 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: The most powerful mining network in the world?  (Read 406 times)
SprichtZarathustra
Jr. Member
*
Offline Offline

Activity: 44

Now, we create anew.


View Profile
November 27, 2013, 02:34:13 PM
 #1



It probably exists:

...a piece of code that, without people knowing it, uses CPU & GPU power from many people at once
to mine BTC. Thus creating a pool of possibly millions of computers, all generating blocks without even
knowing it.

We've seen incidents such as the high-school IT-guy secretly using the school's computer network to mine.
If I could code such a thing I probably would have. Just like the NASA-system works, where you can sign up
to let your simple home-computer help searching space. Hell, maybe people would even sign-up voluntarily to help mine BTC
through such a network.

There's probably less incentive for such a thing as the difficulty has risen compared to a couple of years ago. But

I had the idea at a time where having a USB Block Eruptor would have made someone a millionaire. 

Does it make sense to assume someone might have done this?



1512978009
Hero Member
*
Offline Offline

Posts: 1512978009

View Profile Personal Message (Offline)

Ignore
1512978009
Reply with quote  #2

1512978009
Report to moderator
1512978009
Hero Member
*
Offline Offline

Posts: 1512978009

View Profile Personal Message (Offline)

Ignore
1512978009
Reply with quote  #2

1512978009
Report to moderator
1512978009
Hero Member
*
Offline Offline

Posts: 1512978009

View Profile Personal Message (Offline)

Ignore
1512978009
Reply with quote  #2

1512978009
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
BurtW
Legendary
*
Offline Offline

Activity: 2114

All paid signature campaigns should be banned.


View Profile WWW
November 27, 2013, 02:38:45 PM
 #2



It probably exists:

...a piece of code that, without people knowing it, uses CPU & GPU power from many people at once
to mine BTC. Thus creating a pool of possibly millions of computers, all generating blocks without even
knowing it.

We've seen incidents such as the high-school IT-guy secretly using the school's computer network to mine.
If I could code such a thing I probably would have. Just like the NASA-system works, where you can sign up
to let your simple home-computer help searching space. Hell, maybe people would even sign-up voluntarily to help mine BTC
through such a network.

There's probably less incentive for such a thing as the difficulty has risen compared to a couple of years ago. But

I had the idea at a time where having a USB Block Eruptor would have made someone a millionaire. 

Does it make sense to assume someone might have done this?
A while back it was calculated that a CPU mining bot net was using about $600,000 worth of (stolen) electricity per month to create about $2000 worth of Bitcoins per month.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
fenghush
Sr. Member
****
Offline Offline

Activity: 434



View Profile
November 27, 2013, 02:43:02 PM
 #3

If such pool existed I believe it would have shown up here https://blockchain.info/pools Greedy pools are a real threat as far as I know, it would just take a substantial amount of computing power to achieve the critical 51% but it's unlikely (but still possible) at this point with commercial miners readily available to more and more people.
BurtW
Legendary
*
Offline Offline

Activity: 2114

All paid signature campaigns should be banned.


View Profile WWW
November 27, 2013, 02:45:18 PM
 #4

If such pool existed I believe it would have shown up here https://blockchain.info/pools Greedy pools are a real threat as far as I know, it would just take a substantial amount of computing power to achieve the critical 51% but it's unlikely (but still possible) at this point with commercial miners readily available to more and more people.
Say what?

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
SprichtZarathustra
Jr. Member
*
Offline Offline

Activity: 44

Now, we create anew.


View Profile
November 27, 2013, 02:47:41 PM
 #5



It probably exists:

...a piece of code that, without people knowing it, uses CPU & GPU power from many people at once
to mine BTC. Thus creating a pool of possibly millions of computers, all generating blocks without even
knowing it.

We've seen incidents such as the high-school IT-guy secretly using the school's computer network to mine.
If I could code such a thing I probably would have. Just like the NASA-system works, where you can sign up
to let your simple home-computer help searching space. Hell, maybe people would even sign-up voluntarily to help mine BTC
through such a network.

There's probably less incentive for such a thing as the difficulty has risen compared to a couple of years ago. But

I had the idea at a time where having a USB Block Eruptor would have made someone a millionaire. 

Does it make sense to assume someone might have done this?
A while back it was calculated that a CPU mining bot net was using about $600,000 worth of (stolen) electricity per month to create about $2000 worth of Bitcoins per month.


Interesting!
Do you have some more information on this, how this was calculated?
Have they also calculated how many BTC's were mined by this bot net?
Gemminyc
Full Member
***
Offline Offline

Activity: 158


View Profile
November 27, 2013, 02:49:49 PM
 #6

Does it make sense to assume someone might have done this?

Yes, bot network are sometimes used to mine. But one problem, when mining the CPU (or GPU) is used to max, so obvious fan noice scare the user and this is way how to loose infected computers from your bot network
SprichtZarathustra
Jr. Member
*
Offline Offline

Activity: 44

Now, we create anew.


View Profile
November 27, 2013, 02:58:30 PM
 #7

Does it make sense to assume someone might have done this?

Yes, bot network are sometimes used to mine. But one problem, when mining the CPU (or GPU) is used to max, so obvious fan noice scare the user and this is way how to loose infected computers from your bot network


Good point.
Though a restriction of max 50% (when available) might solve this.
And project different CPU-usage nr.'s to UI.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!