📅 Original date posted:2012-06-03
📝 Original message:On Monday, June 04, 2012 1:43:42 AM Peter Vessenes wrote:
> Does it have asymmetric payoff for an attacker, that is, over time does it
> pay them more to spend their hashes attacking than just mining?
That depends on the pool's reward scheme. Some complicated forms are capable
of getting "bonus" earnings out of the pool. Under all systems, the attacker
at least gains the "hurt the pool" benefit. Given the frequency of DDoS
attacks on pools, it is clear there are people who will even pay for attacks
that provide no other benefit than harming pools. Under all systems, the
attacker doesn't lose out in any significant way.
> My gut is that it pays less well than mining, meaning I think this is
> likely a small problem in the aggregate, and certainly not something we
> should try and fork the blockchain for until there's real pain.
If we wait until there's real pain, it will be a painful fork. If we plan it
1-2 years out, people have time to upgrade on their own before it breaks.
> Consider, for instance, whether it pays better than just mining bitcoins
> and spending those on 'bonuses' for getting users to switch from a pool you
> hate.
With this attack, attackers can hurt the pool's "luck factor" *and* spend the
bitcoins they earn to bribe users away.
Luke-Jr [ARCHIVE] /
npub1dt…u7wrs
2023-06-07 10:11:34
in reply to nevent1q…ytfy
Author Public Key
npub1dtr22xd42nv07un2xq0rmtkqkjylgsmexau0anxxafa9xmmn2ncshu7wrsPublished at
2023-06-07 10:11:34Event JSON
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"content": "📅 Original date posted:2012-06-03\n📝 Original message:On Monday, June 04, 2012 1:43:42 AM Peter Vessenes wrote:\n\u003e Does it have asymmetric payoff for an attacker, that is, over time does it\n\u003e pay them more to spend their hashes attacking than just mining?\n\nThat depends on the pool's reward scheme. Some complicated forms are capable \nof getting \"bonus\" earnings out of the pool. Under all systems, the attacker \nat least gains the \"hurt the pool\" benefit. Given the frequency of DDoS \nattacks on pools, it is clear there are people who will even pay for attacks \nthat provide no other benefit than harming pools. Under all systems, the \nattacker doesn't lose out in any significant way.\n\n\u003e My gut is that it pays less well than mining, meaning I think this is\n\u003e likely a small problem in the aggregate, and certainly not something we\n\u003e should try and fork the blockchain for until there's real pain.\n\nIf we wait until there's real pain, it will be a painful fork. If we plan it \n1-2 years out, people have time to upgrade on their own before it breaks.\n\n\u003e Consider, for instance, whether it pays better than just mining bitcoins\n\u003e and spending those on 'bonuses' for getting users to switch from a pool you\n\u003e hate.\n\nWith this attack, attackers can hurt the pool's \"luck factor\" *and* spend the \nbitcoins they earn to bribe users away.",
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