Quote from: xyzzy099 on November 04, 2013, 09:19:25 PM

Quote from: seanrarey on November 04, 2013, 09:05:02 PM

Quote from: dwdoc on November 04, 2013, 06:35:02 PM

Mining exploit: Huh

http://mashable.com/2013/11/04/bitcoin-cornell-researchers/

"large mining pools are a threat to the system.

"Miners should therefore break off from large pools until no pool exceeds the threshold size, and so no pool can benefit from the Selfish-Mine strategy," Eyal and Sirer wrote."

Sound familiar guys?

Those of us using 28nm technology are at the forefront in mining right now. What we do can surely affect the future of the currency. We are powerful, and the powerful should exercise wisdom when using their power. This applies to mining.

In a former post I was criticized for my warnings. I am not sure why anyone would want to make their investment worthless by doing something to harm the ecosystem they are mining in... potentiality making their miner worthless if the system fails. Some posted that it "should fail" if it cannot withstand ignorance and greed.

I do not agree. I have power. You have power. I again ask those that want to be a positive, balancing force against the threat of consolidation to get out of the big pools that are becoming a threat to our future income and join me in smaller, diversified pools to make our network stronger; more resistant to this kind of attack, and viable for long-term profit.

If it turns out that bitcoin cannot exist without your altruistic self-sacrifice, bitcoin will die soon and deservedly. I predict that a more robust solution will presently emerge, and again, your noble self-sacrifice will be no more than another one of those memories you use to convince yourself you are better than the other greedy, self-interested, animalistic excuses for humanity that make up the rest of the species you were unfortunate enough to be born into.

I am not sure why you call it "self sacrifice". I make the same amount of money mining as anybody else; more, actually, because I don't pay pool fees. Why is asking people to "mine smart" self sacrifice?

It is actually self serving. I have benefited greatly from the experiment we call Bitcoin, and I want it to be around for a long time so I can benefit much more.

Hardly "self sacrifice".

Wink