4 ms·
The 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 p
by Al-Khwarizmi 13y ago
The 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.