Bitcoin Forum
May 10, 2024, 11:11:29 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: New attack on the bitcoin network.  (Read 2075 times)
franky1
Legendary
*
Offline Offline

Activity: 4214
Merit: 4475



View Profile
April 07, 2014, 03:20:01 PM
 #21

Well yeah, I guess someone should fix it, the bitcoin foundation should be held repsonsible in doing that, if they cant do it , then bring a new foundation, The foundation of the Bitcoin,  Grin

the laughable thing is that miners do not get this fee .. the mining pools keep it. the miners just get a  share of the 25btc so it does not matter if miners solve a block with lots of fee's or no fee's, their average income is the same.

again mining pool owners are the greedy ones. and the second point of the laughable part is that the main pool that has adjusted its bitcoin mining protocols to be greedy, done so using code from Luke Jr.. and guess what? Luke Jr is in the bitcoin foundation..

mining pool owners with no fee's can still afford to live.. because they also take a 1% cut out of everyones earnings (0.25btc per 10 minutes) and they merge mine, giving themselves alot more satoshi's per block selling the altcoins on the side.

so while thousands of miners with high electricity bills are fighting over 24.75btc left overs. a pool owner is taking nearly $150 every 10 minutes, simply by running one computer of under 800watts (their server).

so miners, dont mine on greedy pools. and also dont sell your coins at a loss. because all your doing is making the price drop, causing future coins you mine to be worth less. <your shooting yourself in the foot>

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Pages: « 1 [2]  All
  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!