ASICs vs BOTNETS

[1l1l11ll1l]

So I've heard there are botnets running lots of hash. Are there any confirmed major hash sources that are botnets?

Based on the hash of the botnets, they are making a killing, and there's nothing we can do about it, however if/when the ASIC rolls out in force, the botnets will no longer be a significant portion of the hash.

This stands to gain (ASIC) players an even higher % of the pie.

What Say Ye? Vote Above

[rjk]

Botnet operators need to be strung up on wires by their toenails and beaten with red-hot pokers.

[DeathAndTaxes]

ASICs will render everything else obsolete in time but botnets (which are already horribly inefficient) will be killed overnight and that includes other forms of malicious CPU mining (rogue system admins, employees "borrowing" company resources, hacked servers, etc).

[nedbert9]

Overpriced ASICs have a much greater risk to mining profitability than botnets.

[Aseras]

Both can be broken just as easily by protocol tweaks.. Bip16 took a very large botnet out for months.

[bulanula]

So I've heard there are botnets running lots of hash. Are there any confirmed major hash sources that are botnets?

Based on the hash of the botnets, they are making a killing, and there's nothing we can do about it, however if/when the ASIC rolls out in force, the botnets will no longer be a significant portion of the hash.

This stands to gain (ASIC) players an even higher % of the pie.

What Say Ye? Vote Above

I still don't get it : why would they stop hashing when it costs them a grand total of 0 to keep going ?

Inconvenience perhaps ?

[Aseras]

Because they will find something else more profitable. Spamming, pw hash breaking whatever.

[bulanula]

Because they will find something else more profitable. Spamming, pw hash breaking whatever.

Good point.

Sending Nigerian spam is much more profitable than mining say 0.1 BTC a day when ASIC hits !

[gmaxwell]

So I've heard there are botnets running lots of hash. Are there any confirmed major hash sources that are botnets?

I heard the space aliens are running lot of hash, but I think John Titor's crew from the future probably has them beat.  Do you think that the invention of quasi-protonic timelike hypercomputers in the upwhen will make the time traveler's advantage decisive or not?

[SysRun]

Where's a legitimate ASIC Thread? I tried starting another in general hardware, but the consensus seems to be to let it die.

[Dargo]

Where's a legitimate ASIC Thread? I tried starting another in general hardware, but the consensus seems to be to let it die.

Legitimate ASIC thread? That's pretty much an oxymoron at this point. I think people suggested to let your thread die b/c you started off raising questions about BFL's coming ASIC that have been picked over 100x on this board already. There are lots of ASIC threads - check the FPGA subforum. Most of the discussion is about BFL's ASIC, and the threads are full of all kinds of speculation, emoting, and outright BS, but there's good stuff too. So much has been said about it already it's probably best to wade through the existing threads and find specific posts that interest you, then reply to those to get a conversation going.

[ThiagoCMC]

ASICs will render everything else obsolete in time but botnets (which are already horribly inefficient) will be killed overnight and that includes other forms of malicious CPU mining (rogue system admins, employees "borrowing" company resources, hacked servers, etc).

@D&T,

I don't want to be rude but (also, don't take me wrong), that was the reason to you to sell "as fast as you can", your BFL Single?!

Look, I do not have any problems with that but! Now I'm thinking that I made a bad, bad business buying this BFL Single these days...

Who wants my BFL Single for 150 Bitcoins?! I sell it now! Never used!

Cheers!
Thiago

[1l1l11ll1l]

Who wants my BFL Single for 150 Bitcoins?! I sell it now! Never used!

I'll give you 100BTC

[ThiagoCMC]

Who wants my BFL Single for 150 Bitcoins?! I sell it now! Never used!

I'll give you 100BTC

No, thanks! 150 BTC including the shipment to your place.

[malevolent]

So I've heard there are botnets running lots of hash. Are there any confirmed major hash sources that are botnets?

Based on the hash of the botnets, they are making a killing, and there's nothing we can do about it, however if/when the ASIC rolls out in force, the botnets will no longer be a significant portion of the hash.

This stands to gain (ASIC) players an even higher % of the pie.

What Say Ye? Vote Above

There was an AMA on reddit once with a botnet operator who had 13-20GH/s from 12k of bots and estimated that 30% of btc network could be botnets. To what extent is it true? I don't know but already over a year ago people discussed this extensively on deepnet.

[Garr255]

Botnet operators need to be strung up on wires by their toenails and beaten with red-hot pokers.

Quote of the day

[DutchBrat]

Botnet operators need to be strung up on wires by their toenails and beaten with red-hot pokers.

Quote of the day

Only one mix up:

Botnet operators need to be strung up on wires by their red-hot pokers and beaten with.... 

[malevolent]

Botnet operators need to be strung up on wires by their toenails and beaten with red-hot pokers.

You seem to envy them?  

[rjk]

Botnet operators need to be strung up on wires by their toenails and beaten with red-hot pokers.

You seem to be envy them? 

I'm not sure how you were able to confuse "envy" with "hate", but whatever.

[schnell]

To be honest I don't really care where the hashes come from, I just think the more hashes the better security the network has.
Mystery miner is my only exception, though, because they have 1.3TH and don't accept transactions into their blocks, making just over 1/10 of all Bitcoin blocks without transactions.