Help – Miners Wanted!

We're calling out to all DASH miners and encouraging them to mine for DASH on a Distributed P2Pool Node of their choice!

Why you ask?
Because we need to ward off the possibility of a 51% attack on the DASH BlockChain!

It's simple, P2Pool is the only “True” distributed mining pool that ensures distribution of mining resources across a multitude of nodes.

Let's take a look at recent statistics on Bitmain's “AntPool” for DASH block extraction (stats provided by CryptoID);

AntPool Block Extraction Stats

Nearly 50% of all DASH blocks are mined by Antpool [click to enlarge]

As you can see from the chart… In the recent months since the release of the AntMiner D3 (around August 1st, 2017) the percentage of DASH blocks extracted by AntPool has steadily increased to where today they produce nearly 50% of all blocks for DASH!

Could This Happen to DASH?

Could DASH be the target of a 51% Attack?

More and more D3 owners use AntPool, for mining DASH, because it was already configured for them in their D3 machines before the units were shipped.

When a miner received their D3 machine, all the D3 owner had to do was add their DASH wallet address to the configuration and start mining.

While we applaud this simplistic approach to DASH mining, we have realized that Bitmain has slowly placed themselves in a position where they could launch a 51% Attack on the DASH network.

If you are unfamiliar with what the 51% Attack entails, we encourage you to read the definition of 51% Attack on Investopia.

Now compare the P2Pool statistics to AntPool;

P2Pool Block Extraction Statistics

P2Pool Block Extraction Stats since August 1st, 2017 has steadily declined. [click to enlarge]

Since August 1st, 2017, we have seen the number of miners mining on P2Pool slowly and steadily decline. To the point where today, less than 2% of the blocks mined are mined on the P2Pool-DASH distributed network.

In part, this decline is due to the introduction of ASIC machines and less GPU miners involved in DASH mining. Since GPU miners were more in-tune with the fundamentals of mining, they were more likely to customize their mining equipment.

The management here at P2PoolMining.Us is not accusing Bitmain of launching a 51% Attack. So, let's just clear the air and understand that Bitmain is a great company and they have done a lot for the Crypto Mining Industry.

However, all miners need to understand what the danger is when a single crypto mining company controls more than 50% of the networks hash rate or computing power.

We encourage all DASH miners to reconsider their mining pool choice and consider switching to a less utilized pool in an attempt to equalize the hash rate across more DASH mining pools.

If you are looking for a new pool for your DASH miner, then we encourage you to review our list of P2Pool Nodes which contain over 100 available P2Pool mining pools in locations around the world!

Happy Mining!!

Trackbacks

  1. […] just one single pool owned by Bitmain. While the pool provider is careful with its language, they suggest in no uncertain terms that having so much of a single networks mining occur in one spot is […]

  2. […] just one single pool owned by Bitmain. While the pool provider is careful with its language, they suggest in no uncertain terms that having so much of a single networks mining occur in one spot is […]

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