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?
Almost all pools don't do this because they will loose their block rewards. So there is an incentive for miners to not to do this which will prevent >50% attack. Besides, miners moves their hash power to another pool if this happens like they did when Ghash.io had nearly 50% of total hash power. This is not a big concern unless if more pools start closing down.