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> 3. Sign up for a pool other than dogehouse, which has a highly disproportionate number of of the mining horsepower. Why not Doge House? Any problems with the
by Viper007Bond 13y ago
> 3. Sign up for a pool other than dogehouse, which has a highly disproportionate number of of the mining horsepower.
Why not Doge House? Any problems with them? Or is it specifically because you want to encourage people to spread out between pools more?
- Al-Khwarizmi 13y agoThe common knowledge (although I don't know the exact reason and technical details yet - cryptocoins are amazing, they have lots of quirks to learn) is that a pool getting more than 50% of the network hashrate at any given moment is a Very Bad Thing. If that happens they can manipulate the network somehow. I hope someone can explain it better. At some points last week, dogehouse was bordering 50% so there were warnings in the community to switch to other pools. Not that dogehouse has any problem, it works fine.
- steveklabnik 13y ago51% would let you double spend coins.
- Viper007Bond 13y agoOnly if everyone in the pool was in on it, right?
- steveklabnik 13y agoYes, though generally, that's what you do when you join a pool.
- Viper007Bond 13y agoI meant in on the deception not in on the pool, but I could easily be mistaken.