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Title: Suggestion on how to prevent 51% attack Post by: Phoenix25 on January 08, 2019, 05:54:36 PM By reducing the price of altcoins, there is an opportunity to attack 51%. As a solution to the problem, I see the creation of a pool of coins and a miner who will switch(temporarily) mining powers to coins in which the possibility of an attack of 51% has occurred(one of the pools received 51% hashrate). Developers and miners will benefit from maintaining and mine on such pools, as this makes the coins entering the pool more crack-free.
Title: Re: Suggestion on how to prevent 51% attack Post by: eugene111 on January 09, 2019, 10:27:53 AM Do you mean the pool should share the mining power from another coins when abnormal jump of hashrate is detected? Wouldn't it be too difficult and resource/time consuming?
Title: Re: Suggestion on how to prevent 51% attack Post by: bittick on January 09, 2019, 10:55:07 AM By reducing the price of altcoins, there is an opportunity to attack 51%. As a solution to the problem, I see the creation of a pool of coins and a miner who will switch(temporarily) mining powers to coins in which the possibility of an attack of 51% has occurred(one of the pools received 51% hashrate). Developers and miners will benefit from maintaining and mine on such pools, as this makes the coins entering the pool more crack-free. There are two possibilities 1 Move to POS 2 Block ASIC by applied asic resistant. This is an interesting article for you https://www.coindesk.com/ethereum-miner-linzhi-calls-out-project-coders-for-proposed-asic-ban ETC gets 51% caused by the asic miners are dominating the hash power in the network and that's it. ETC die very soon. RIP ETC. ASIC is a serious problem in the crypto and ETC is not the first. |