Post
Topic
Board Bitcoin Technical Support
Re: Trying to understand double spending after 1 confirmation.
by
philipma1957
on 13/07/2023, 14:20:56 UTC
I don't think it will happen ever ever never.

But if someone has access to Foundry pool back end  it is possible.

Foundry mines 25% of all blocks. So 144 x 6.25 x .25 = 225 coins

I do not have enough hash to use foundry as you need 20ph in hash.
I do not know how often they pay coins.

But the earn 225 coins a day.  So if they pay daily 225 coins = about 7 million.

The pool would need to pay 225 btc all miners then pay 225 btc to a new hidden btc address

and have the above cases play out.

Its only 7 million dollars and unless it was done back door and full remote the person would likely be caught.


I think that we won't see this happening as it would be easier to simply take the coins since you have wallet access anyway.