Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=1976.msg24894#msg24894">Quote from: farmer_boy on November 27, 2010, 05:41:35 PM</a></div><div class="quote">This is fundamentally flawed. I can join the "effort" and figure out how long it generally takes to perform one unit of work. After that time I send a message "ah, too bad I didn't find anything". Then someone does find an answer and I collect. <br/></div><br/>Do you mean somebody can cheat by simply asking for work, but not counting hashes? I talked about it already - I will send task which leads to 'winning' hash and when worker does not return it, I will ban them.<br/><br/><div class="quoteheader">Quote</div><div class="quote">Now, if I find the answer, I would simply communicate that to the rest of the network (not the central server) and there is no way for you to figure out that I double crossed you. <br/></div><br/>Also this kind of cheat will be detected by technique described above. You will succeed at most once before you will be banned by central server.<br/><br/><div class="quoteheader">Quote</div><div class="quote">The distributed method there is now is a good way to mine. Possibly it would be better if it was easier to solve and that you would get less bitcoins, OTOH, people are still generating coins. <br/></div><br/>Partially agree. But until one mined block will be for more than 1 BTC, cooperative mining should be still better for slow computers, because possible reward in coop can be also in BTC cents or less.</div> text/html