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Couldn't big miners play this by mining 6 blocks of Bitcoin Cash and then letting it rot without blocks?
by Santzes 9y ago
Couldn't big miners play this by mining 6 blocks of Bitcoin Cash and then letting it rot without blocks?
- simias 9y agoOnly possible if the colluding miners have almost all the hashing power to themselves (to mine 6 consecutive blocks faster than everybody else). If that's the case then those miners can do anything they want anyway, including double-spending money[1]. Furthermore if they really only wanted to slow down BCC and nothing else it still wouldn't be very efficient. They'd just postpone the scaling for the next 6 blocks and then the rule would kick in again. So they'd have to keep make sure that they're always just at the limit of 6 blocks per 12 hours... but at this point you're actually mining block and contributing to the ecosystem, so there's no problem. [1] https://bitcoin.org/en/glossary/51-percent-attack https://bitcoin.org/en/glossary/51-percent-attack
- Santzes 9y agoAhh I thought this 20% drop per 6 blocks was only after the split block and would end after the first 6 blocks mined in 12h, would have been too easy to game that one. Looks like though they're getting blocks now, 4 blocks in less than two hours.