Bitcoin Mining Pools Attack When Threatened, Study Finds

A new research paper argues that bitcoin mining pools can only co-exist peacefully if individual miners regularly switch pools and if pools erect sufficient defenses against attacks.

If pools don’t exhibit either of those properties, then they are liable to attack each other, the report finds.

The paper’s authors, Aron Laszka, Benjamin Johnson and Jens Grossklags, investigated the long-term effects of competition between bitcoin mining pools in a draft version of a study titled, ‘When Bitcoin Mining Pools Run Dry‘.

at CoinDesk

…read more

Source: CoinDesk

Leave a comment

Your email address will not be published. Required fields are marked *