4 ms·

What if this drop in hash is to use on the 2nd chain?

Thorrez 5y ago
Well we have a good explanation of the drop: the power outages. Also with 25% hash power you're going to have a hard time doing a 51% attack.
- roofwellhams 5y ago
  Let's say I'm a bad actor in us. I hear about this event in China and I start to do the 2nd chain. You'll think that China region was doing that 25% but maybe they were only doing 1% and I did the other 24%. They're is literally no way to know what really happen.
  - Thorrez 5y ago
    Interesting idea. If you were running your own pool then people would likely be tracking your pool and know where you're located. But if you are keeping a low profile and participating in a variety of other pools, then you might go unnoticed. But still, the pool operators might track which IPs are submitting work, and geolocate them, and see which countries are dropping in their work submissions. If you had ran all your stuff through a Chinese VPN historically, then it would make sense. Although usually you want the lowest latency possible when mining to avoid losses due to submitting stale work. A VPN would probably hurt your profits a little.
    - roofwellhams 5y ago
      Do you really think that 1s delay will influence any income... I really doubt it. But considering that there is so much money at stake, an elaborate plan like this... It's possible. Actually it's not even that elaborate. You just need a vpn, and do the split based on news.
      - Thorrez 5y ago
        Yes latency does matter. It matters more the faster the block speed is, so for bitcoin it doesn't matter as much as for cryptocurrencies with a faster block speed. But here are some people talking about it: https://www.reddit.com/r/MoneroMining/comments/9sph9w/does_network_latency_to_pool_really_matter/e8rpd40/ https://www.reddit.com/r/MoneroMining/comments/9sph9w/does_n... https://ethereum.stackexchange.com/questions/18201/does-network-latency-significantly-affect-mining-rewards https://ethereum.stackexchange.com/questions/18201/does-netw...

Well we have a good explanation of the drop: the power outages. Also with 25% hash power you're going to have a hard time doing a 51% attack.

roofwellhams 5y ago
Let's say I'm a bad actor in us. I hear about this event in China and I start to do the 2nd chain. You'll think that China region was doing that 25% but maybe they were only doing 1% and I did the other 24%. They're is literally no way to know what really happen.
- Thorrez 5y ago
  Interesting idea. If you were running your own pool then people would likely be tracking your pool and know where you're located. But if you are keeping a low profile and participating in a variety of other pools, then you might go unnoticed. But still, the pool operators might track which IPs are submitting work, and geolocate them, and see which countries are dropping in their work submissions. If you had ran all your stuff through a Chinese VPN historically, then it would make sense. Although usually you want the lowest latency possible when mining to avoid losses due to submitting stale work. A VPN would probably hurt your profits a little.
  - roofwellhams 5y ago
    Do you really think that 1s delay will influence any income... I really doubt it. But considering that there is so much money at stake, an elaborate plan like this... It's possible. Actually it's not even that elaborate. You just need a vpn, and do the split based on news.
    - Thorrez 5y ago
      Yes latency does matter. It matters more the faster the block speed is, so for bitcoin it doesn't matter as much as for cryptocurrencies with a faster block speed. But here are some people talking about it: https://www.reddit.com/r/MoneroMining/comments/9sph9w/does_network_latency_to_pool_really_matter/e8rpd40/ https://www.reddit.com/r/MoneroMining/comments/9sph9w/does_n... https://ethereum.stackexchange.com/questions/18201/does-network-latency-significantly-affect-mining-rewards https://ethereum.stackexchange.com/questions/18201/does-netw...