Re: if you invented a quantum leap in mining technology what would you do?
As others have mostly said, use it to mine a few hundred coins and probably report it to the devs. I'm not averse to the idea of getting rich, but I also don't want to destroy Bitcoin and the faith people have in it; perhaps I should just mine a bunch of shitcoins...
Sneaky bastard
I think I will do the same thing, though not reporting it back to the devs, it is your invention, why will you dispose it to the devs? You invented something that will make you rich, aren't you fascinated with that. If I did found a way like that, I can make my name bigger than any other bitcoin holders in the world, invest it on company, and maybe, also, make my own company
imagine this though.
imagine you had 14% of the network and could make a 20% efficiency gain of your 14%(bringing you to 16.
you could just secretly keep it to yourself..
OR
ask for 3% profit from every competing pool to let them use your tech.
which by everyone using your tech brings you back down to 14%.. but bcause your taking a cut from everyone it all adds up that your still getting equivelent to 17% income while only 14% hash
which when all things are considered makes the entire network 20% stronger because everyones using it and your getting 3% of the network income..