Hmm- so can I ask a question about pools then....
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when one takes into account that fact that there are enemies that do not care about their own stake in a Cryptocurrency
Does not a pools system then become a potential problem if there is not enough information in the market?
for example “Big Vern” what’s stopping someone like that from opening a pool and not capping it at a certain M#
Does this not then create a problem - the solution of course is as a community to monitor every pool and agree on an upper limit to the pool rate “say 100M#”
when someone discovers a pool with a higher rate - make it well know all over the forum{s} - advising officially that people mining here are not supporting the currency - and then start a new pool.
or is this effectively what happens?
In this way if people discover a pool growing and growing they will certainly know the source of attacks, they could in extreme cases even block those pools ? from the client?
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This is what happened a month ago or so. I believe he limited users joining.
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the attacker put his own transaction to roll back the orphan chain. so he needs to control what is put in the chain. [b]This is not possible if you just mine on a pool [/b] so he is not using a regular pool (the address used has no payout also that is the regular way for pools to operate, but not required). the only way a pool can do this is that the pool operator is the attacker or the pool is hack, in addition the pool need to get the additional hash rate to do so. But as far As I can see it’s not the case. pool at 51% is a potential problem. If a pool operator use it to reverse transaction this than becomes a problem.
we will hit the retarget soon we then will see what happen as we go back to 94 difficulty, but price will still make mining profitable at this level. 94 and 2.8Gh/s should keep us near safety.
pool hash ratio should be looked at, but is probably not a big concern as the spread seems to be ok I have seen 1.7MH/s of the actual 3M in 4 pools with the highest as .747M so it’s ok.
As the attacker is probably an alien node to been able to introduce his own block pool is in fact our best defence, don’t put restriction on them unless we get hard reason to do so.