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Title: Litecoin Nearing 51%!! Post by: EasyQuest on January 18, 2014, 02:27:52 PM So I was looking at the bitcoinwisdom difficulty charts and I saw massive increase and decrease in hashrate and block times.
I went onto https://www.litecoinpool.org/pools to see a better chart. What I found is this. http://i1262.photobucket.com/albums/ii615/EasyQuest/Near51.png?t=1390054547 This is what I saw on BitcoinWisdom's chart. (http://bitcoinwisdom.com/litecoin/difficulty) http://i1262.photobucket.com/albums/ii615/EasyQuest/UnknownHashrateincrease.png?t=1390054541 I know there are solo-miners and unknown pools but this a little ridiculous do you all think? And I have been watching the unknown.. it is the only one rising and falling really fast. ============================================ Update: Just checking back and not surprisingly the unknown is dropping and rising again. Title: Re: Litecoin Nearing 51%!! Post by: Burninj on January 18, 2014, 03:49:45 PM chinese scripts asics in action
Title: Re: Litecoin Nearing 51%!! Post by: kalus on January 18, 2014, 06:36:36 PM unknown is down to 24% again (it is an aggregate of solo miners/non-reporting pools etc)
but it is interesting how vulnerable even litecoin will be to a 51% attack. this is what will happen to all of the cryptos that we cannot secure with ASICs. markm was right! Title: Re: Litecoin Nearing 51%!! Post by: crazyates on January 18, 2014, 06:50:26 PM With all the profit switching pools and protocols, wouldn't it make sense that there would be swings of unaccounted for hashpower as people jump on and off?
Title: Re: Litecoin Nearing 51%!! Post by: Cryptopher on January 18, 2014, 06:53:33 PM So I was looking at the bitcoinwisdom difficulty charts and I saw massive increase and decrease in hashrate and block times. I went onto https://www.litecoinpool.org/pools to see a better chart. What I found is this. http://i1262.photobucket.com/albums/ii615/EasyQuest/Near51.png?t=1390054547 This is what I saw on BitcoinWisdom's chart. (http://bitcoinwisdom.com/litecoin/difficulty) http://i1262.photobucket.com/albums/ii615/EasyQuest/UnknownHashrateincrease.png?t=1390054541 I know there are solo-miners and unknown pools but this a little ridiculous do you all think? And I have been watching the unknown.. it is the only one rising and falling really fast. ============================================ Update: Just checking back and not surprisingly the unknown is dropping and rising again. Isn't Unknown a collective term for all 'unknown' pools and such mining? Doesn't there have to be a cooperation for the 51% to have any significance? Please enlighten me. Title: Re: Litecoin Nearing 51%!! Post by: kalnas on January 18, 2014, 09:04:30 PM middlecoin has near 15GH and was switching to litecoin time to time latelly. Could this be a reason ?
Title: Re: Litecoin Nearing 51%!! Post by: kalus on January 18, 2014, 09:23:40 PM middlecoin has near 15GH and was switching to litecoin time to time latelly. Could this be a reason ? there are coins easier to mine and more profitable than litecoin, so i doubt auto-switching pools would bother with LTC right now. hashco.ws doesn't even have a payout for LTC. multipool has been doing wdc and doge. Dogecoin has gone insane in the last 48 hours, so pools that auto-switch would have been operating sub-optimally if targeting litecoin for any period of time. Title: Re: Litecoin Nearing 51%!! Post by: kalnas on January 18, 2014, 11:34:20 PM middlecoin has near 15GH and was switching to litecoin time to time latelly. Could this be a reason ? there are coins easier to mine and more profitable than litecoin, so i doubt auto-switching pools would bother with LTC right now. hashco.ws doesn't even have a payout for LTC. multipool has been doing wdc and doge. Dogecoin has gone insane in the last 48 hours, so pools that auto-switch would have been operating sub-optimally if targeting litecoin for any period of time. Isn't this Litecoin ? https://i.imgur.com/qOE9vNa.png Title: Re: Litecoin Nearing 51%!! Post by: kalus on January 18, 2014, 11:55:22 PM i checked my litecoin farm and the current difficulty is 3931.59.
my dogecoin farm is at 42.1, and my usaeast farm is 44.3. I don't know what you're mining on eu, but i'm mining something else on usaeast and usawest farms. since middlecoin doesn't announce what they're mining, you can only make a guess. hashcows is mining doge right now, and multipool is mining doge right now. does it make sense right now, middlecoin would be mining less profitable, more difficult litecoin? coingeek's middlecoin chart shows higher profitability today than is possible with litecoin at its current difficulty. the value has to come from somewhere, becuase litecoin can't make that much for us today. Title: Re: Litecoin Nearing 51%!! Post by: El Dude on January 19, 2014, 12:01:14 AM I don't see 1 pool nearing 51% at all , highest is wemineltc at 24%.
Title: Re: Litecoin Nearing 51%!! Post by: kalnas on January 19, 2014, 12:15:18 AM i checked my litecoin farm and the current difficulty is 3931.59. 3931*65536=257M=Litecoinmy dogecoin farm is at 42.1, and my usaeast farm is 44.3. I don't know what you're mining on eu, but i'm mining something else on usaeast and usawest farms. since middlecoin doesn't announce what they're mining, you can only make a guess. hashcows is mining doge right now, and multipool is mining doge right now. does it make sense right now, middlecoin would be mining less profitable, more difficult litecoin? coingeek's middlecoin chart shows higher profitability today than is possible with litecoin at its current difficulty. the value has to come from somewhere, becuase litecoin can't make that much for us today. Looks like middlecoin is mining bunch of coins at the same time. It seems each WU comes from different network with different diff and by some reason litecoin is in the mix. Maybe to buffer some extra hash power and not kill small coins. Title: Re: Litecoin Nearing 51%!! Post by: kalus on January 19, 2014, 12:26:37 AM Looks like middlecoin is mining bunch of coins at the same time. It seems each WU comes from different network with different diff and by some reason litecoin is in the mix. Maybe to buffer some extra hash power and not kill small coins. I guess the small coins are worrying over a mythical multi-switching pool monster when they should really be worrying about the fundamentals of their currency.I'd be interested to know if you're making less on eu than i am on the usa servers if you are indeed mining litecoin. i know we did mine litecoin on eu for a short time last sunday, but that was before the usa servers were mirrored on the beta servers. Title: Re: Litecoin Nearing 51%!! Post by: hulk on January 19, 2014, 12:58:17 AM Most of them are solo miners, unless they find a way to "group up" nothing would happen..
Title: Re: Litecoin Nearing 51%!! Post by: kalus on January 19, 2014, 01:57:13 AM what sort of hashrate is required to solo mine litecoin for profit?
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