Post
Topic
Board Bitcoin Discussion
Re: The Golden Ratio Attack. Blocks more than half full lead to mining monopoly.
by
TTBit
on 16/07/2015, 13:14:49 UTC
A pool with 30% of mining power may have an incentive to do this. But increasing fees means the pool with a 10% share increases its revenue without doing any work. So, in an ironic twist, this should prevent a monopoly forming? Its better to be the 2nd biggest mining operation, and let #1 push up the fees.