Post
Topic
Board Development & Technical Discussion
Re: Majority is not Enough: Bitcoin Mining is Vulnerable
by
dree12
on 05/11/2013, 03:11:58 UTC
your blocks ends up increasing the risk that you get orphaned since nodes prefer the first block they heard.

I think this assumption of theirs is the flaw.

Successful pools do not build on the first block they hear; they build on the most difficult block they hear.

If you rerun their calculations under that assumption, the cost of losing the work done on their second block in the private two-block chain swamps out any possible benefit.

If the end-user bitcoin-qt client is using the "first block heard" rather than "most difficult block heard", then it's a bug, and one that is already fixed on the network nodes that matter most for security (the mining pools and large solo miners).


Blocks that are not near a difficulty change will always have the same difficulty.