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They are controlling a huge share of the hashing power themselves. If they kill all the ASICs that they produced but do not control themselves I think it is qui
by twowowo 9y ago
They are controlling a huge share of the hashing power themselves. If they kill all the ASICs that they produced but do not control themselves I think it is quite likely they would control over 50% of the hash power themselves. That is a nightmare scenario.
- cookiecaper 9y agoYes. It'd also be interesting if there was a way to turn the hashers off and on intermittently (does it try again after receiving a "false"? don't feel like reading the code right now). This would be a good way to sell hardware but still preserve their control over hash power by causing devices to have some idle time, which means more blocks and shares from pools for themselves. While this is obviously a big problem, it is a little bit of a vindication for me, because people have scoffed when I've expressed concerns that bitcoin mining is too centralized. [0] And if one ASIC vendor can do this, what could a government do? [1] [0] https://news.ycombinator.com/item?id=14040165 https://news.ycombinator.com/item?id=14040165 [1] https://news.ycombinator.com/item?id=14166820 https://news.ycombinator.com/item?id=14166820
- adambyrtek 9y ago"The power to destroy a thing is the absolute control over it." – Dune
- duxup 9y ago"Plans within plans" -Dune
- deleted 9y ago[deleted]
- celticninja 9y agoThe workaround seems incredibly simple so I'm not sure it was nefarious but i would love to know what they thought it was for.