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Showing 6 of 6 results by scorchingsun
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Topic
Board Mining speculation
Re: How to attack Bitcoin mining?
by
scorchingsun
on 18/08/2014, 21:01:43 UTC

Oh and withholding shares can be be detected with some smart heuristics.

That sounds like it may be an answer, why this can't work thanks!


I asked about the 'smart heuristics' on the BitShares forum scorchingsun,


If you divide your attack hash power among 1000 accounts, then the probability that any one of those accounts would find a block in a given a given year is effectively 0.  No way to distinguish "unlucky" from "withholding" without a large enough sample size.   Keep the accounts small enough and you will be undetectable.   (Sybil Attack)

If someone like BCX, who seems to know his stuff, could give me a simple answer why this attack wouldn't work I would greatly appreciate it. Thanks!

You may be right about that, I'm not that firm in the theory. But in order to mine at other pools or pools at the same time, they'd need you to find a solution for the same Bitcoin address as the coinbase (not the company) address.
Post
Topic
Board Mining speculation
Re: How to attack Bitcoin mining?
by
scorchingsun
on 18/08/2014, 17:57:40 UTC
That strategy isn't that bad, actually! No wait, it is! Your whole plan fails due to the fact that you only mine looking for a solution for the pool's address! Withholding the winning shares will hurt the pool, but you can't subsidize anything with that.
Oh and withholding shares can be be detected with some smart heuristics.
Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
scorchingsun
on 30/07/2014, 21:31:38 UTC
hmmm, interesting!
looking for (automation) industrial engineers?

Looking for people who can obey orders, smile, clean rooms, serve tables, cook, know wines, stand long hours in scorching sun, nitpick about petty amounts, do gardening, smile, drive cars, furnish rooms, clean toilets, empty trashbins, greet guests, empty ashtrays, water lawns, sell wines, do the laundry, smile, answer repetitious questions, clean floors, obey orders and smile.

Oh yes, and the starting pay is bad but the range goes up to 4000€/month.

As we are an equal opportunity employer, being an industrial engineer is not a disqualifier.

I don't want anyone to stand long hours in me!  Angry
Post
Topic
Board Securities
Re: ASICMINER Speculation Thread
by
scorchingsun
on 30/07/2014, 19:17:52 UTC
I'm totally psyched getting to know how friedcat looks like!
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
scorchingsun
on 23/07/2014, 22:36:30 UTC
I love you lambchops


That's awesome! In midst of everything collapsing at least the people still love one another!
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin long time perspective
by
scorchingsun
on 18/07/2014, 18:16:21 UTC
I'm confident about the long term success of bitcoin! It'll have a bright and SUNNY future!