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What if a pool hides the blocks found?
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Topic: What if a pool hides the blocks found? (Read 782 times)
Maxiride
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What if a pool hides the blocks found?
October 07, 2014, 10:38:49 AM
#1
I recently found
this
article but while searching for more informations I didn't found other comments regard it or if the system is really in danger or not.
Anyone could please enlight me?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Re: What if a pool hides the blocks found?
October 07, 2014, 11:06:14 AM
#2
Not sure what you mean by "hides". A pool makes money by broadcasting valid solutions to a block. By not doing so gives its competitors time to find a valid solution instead.
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Re: What if a pool hides the blocks found?
October 07, 2014, 11:12:18 AM
#3
I don't think the pools can manipulate the block generation. Once the block is generated,the reward of bitcoin will go to the pool's address and be broadcasted to the whole network. I know one type of scam pool, who never release the reward to miners.
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