Post
Topic
Board Mining
Re: Vladimir's essential self-defence guide for Bitcoin Miners
by
hawks5999
on 25/08/2011, 22:27:22 UTC
Pool hopping, huge pools etc.  From another post read semi-recently, deepbit seems to be nearing the point that it could "take over" the bitcoin network for the immense hashing power it has (is this accurate?)

If this is a possibility are mining pools in actuality a threat to Bitcoin?  Secondly, if so is there anything that could be implemented in the bitcoin network such that no single source could get more than a certain % of total hashing power? i.e some sort of built in throttling mechanism... one would think that could make the whole network safer and while supporting the mining pools, force them to split once in a while for maximum efficiency?

Just a thought....

Yeah it's sad that a p2p, decentralized currency is at risk from an attack against one organization (deepbit). If hopping deepbit can help drive away some of the hashrate currently there, it's just that much more rewarding.