Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
by jkhdigital on Saturday March 13, 2021 @10:38AM
(#26447246)
It’s not like there’s a giant pool of mining hardware waiting in the wings to take over... I think we can assume that all hardware is always in use mining something as long as marginal revenue exceeds marginal cost.
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Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
by shawnz on Saturday March 13, 2021 @11:09AM
(#26447462)
Ethereum is typically mined on GPUs so I would argue there really is a giant pool of hardware waiting to take over. On Bitcoin where ASIC mining is common that is indeed a concern, but consider even then, each hardware owner has stronger incentives to just lie about participating in such a strike while keeping the increased profits for themselves.