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The unstated and assumption here is that the recipient of the bitcoins is the same as the person who bears the cost of mining them. Stealing computing resources
by bagels 13y ago
The unstated and assumption here is that the recipient of the bitcoins is the same as the person who bears the cost of mining them. Stealing computing resources is one way for this assumption to be violated.
I don't know though, that this amount of theft is significant compared to the bulk of resources spent on bitcoin.
Bitcoin mining, from my cursory research however, doesn't really consume much electricity compared to the aggregate of all usage across the world, as you've stated.
- msandford 13y agoIf you could let me know where I can get illicit access to ASIC miners I'm all ears. From what I can tell those fucking things are guarded by all who own them in a severe way. EDIT: I'm not actually interested in stealing time on people's ASICs to mine bitcoin. I just think it's effectively impossible to do so. But I'm genuinely curious to know if there's a plausible attack vector.
- wyager 13y agoNo one steals computing resources to mine Bitcoins. Bitcoin ASICs made Bitcoin botnets completely unprofitable. On the other hand, a small number of miners (none of the big mining groups) steal (if you want to call it that) electricity from, say, dorm rooms or apartment buildings. However, I doubt these people contribute even a percent of the network's total hashing power.