Post
Topic
Board Bitcoin Discussion
Re: Can we change the mining protocol ?
by
Harley997
on 15/06/2014, 16:23:09 UTC
Is it technically possible to change the mining protocol, so that a certain IP (solo miner or pool operator) cant have more than 49% hashpower ?

No.

#1 you cant force miners to update their client, so you are suggesting a hardfork
#2 you cant check how much hashingpower a certain IP has. You might allow only 49% of all block over a given time from a certain IP, but that would need a central place to deliver those blocks which can check where they come from. Thats not p2p, thats even more power on a single point. besides that: miners could just change the IP.

also: there allready is an emergency solution: http://gavintech.blogspot.de/2012/05/neutralizing-51-attack.html

It looks like this solution would solve the issue from a 51% attack only if the attacker was preventing transactions from being confirmed.

As far as I can tell it would not prevent the issues of double spending coins (an attacker could reverse a TX that they sent, spend one of the inputs from the reversed TX making the original TX invalid) and preventing others from confirming blocks.