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So what's an individual miner's incentive here to continue mining with a pool that has 51%? If he wants more security in his own mined bitcoins, then surely he
by rlpb 12y ago
So what's an individual miner's incentive here to continue mining with a pool that has 51%? If he wants more security in his own mined bitcoins, then surely he has an incentive to switch to another pool?
Why is GHash so popular to miners?
- pakitan 12y agoTragedy of the commons. It may be bad for bitcoin as a whole but it's beneficial for that single miner because bigger pool means less variation of miner's income.
- mpyne 12y agoIn addition there's also the less rosy issue that if G.Hash becomes more powerful than the other pools and starts doing small-scale theft or other activities, it's safer for your money to "pick the winning team".
- KingMob 12y agoThey offer a 0% mining fee.
- wcummings 12y agoPlenty of pools do, this isn't the issue
- deleted 12y ago[deleted]