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Author Topic: Pool mining will kill bitcoin was Re: Will ASIC mining destroy Bitcoin?  (Read 1353 times)
xboxsold
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November 19, 2014, 09:51:46 PM
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Actually We can comment on any thread if its relevant to the topic..

I would say now that POOL mining is very popular we need to be aware that right now many pool mining operations could control 51% and have many times already.. So its pool mining or group mining that can take down bitcoin it if wanted to..

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November 20, 2014, 05:39:18 AM
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Actually We can comment on any thread if its relevant to the topic..

I would say now that POOL mining is very popular we need to be aware that right now many pool mining operations could control 51% and have many times already.. So its pool mining or group mining that can take down bitcoin it if wanted to..

The thing is any company with 51 percent is highly invested in bitcoin.  If they did a 51 percent attack they would essentially kill bitcoins, and cause a huge lose for their self.  If they are a pool they would loose pool fees in future and any coins they do have would lose huge value. 
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November 20, 2014, 11:35:59 AM
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What?! Pool mining is a threat? Lol.

The imminent death of home mining will soon be the death of pool mining. The real threat is the continued rise and dominance of ASIC manufacturer's massive mining operations.
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November 20, 2014, 11:49:00 PM
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What?! Pool mining is a threat? Lol.

The imminent death of home mining will soon be the death of pool mining. The real threat is the continued rise and dominance of ASIC manufacturer's massive mining operations.

you are close to the truth.

a home miner with a 200amp power box can run ½ for mining or 100amps. or 12000 watts safety calls for about 10,000 watts. 

  this is about 25-30 s-3's  or 12-14th

lets says this home miner goes state of the art all sp35's   they do 5.5 th he can run 3 or 16.5th  use 11k watts

so the 'normal' home miner in the USA is capped at 16.5th


I know a forum member with solar buyer  he can do 19 kwatts safely   so 5 sp35's  or 27.5th  at todays numbers 27.5th earns .345 btc a day  about 10 a month about 3700 usd. 

It is not much.
 so if I max out I go to 1750 a month before power cost
if my solar buddy maxes he goes to 3700 a month before power cost.

In either case I do not count setup cost.     So pool mining  or asic mining destroying bitcoin  meh. neither will destroy it.  but all this shit morphs it  like silly putty.



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