Isnt this causing a systematic problem. I mean if the pool this error originated from now gains less trust, and the miners leave the pool due to lack of trust.
Now the pool can go bankrupt, and the other pools consolidate. Isnt this increase the risk of 51% attack? I think this is the main concern mostly.
As if the mining pools get sabogaged by these things, it can become very easy for 1 pool to gain monopoly and then face 51% attack?
Now the pool can go bankrupt, and the other pools consolidate. Isnt this increase the risk of 51% attack? I think this is the main concern mostly.
As if the mining pools get sabogaged by these things, it can become very easy for 1 pool to gain monopoly and then face 51% attack?
Does anyone have an answer to this? I am more worried of centralization than rather blockchain split
I know that this thread grows fast but please can some1 answer to my question, its really important. I am really concerned about mining pool consolidations. How big risk does this pose?
The market has proven to be self correcting. When GHash got 49%, action was taken, now
its down to 10% or something. So if for some reason a pool died because it couldnt follow
proper procedures, yes other pools would grow, but if no single pool would get to 50% because
it wouldn't be in the miner's best interests to allow that to happen, at least for long.