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Title: It could be possible to 51% Terracoin with avalon's new ASIC Post by: RichG on January 31, 2013, 03:14:53 AM I saw the thread about jgarzik getting the first ASIC, and I was thinking. You could 51% a small alt-chain, say TRC, with a few ASICs.
The new Avalon ASIC runs at about 70 Ghash/s (reported by jgarzik). Terracoin's network hashrate was estimated by crazy_rabbit (Nov 2012) to be running at about 100 Ghash/s Source: https://bitcointalk.org/index.php?topic=123720.0 (https://bitcointalk.org/index.php?topic=123720.0) Two of the new ASICs could 51% terracoin. Watch out. -- If you have any corrections you would like me to make, please suggest them. Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: Monster Tent on January 31, 2013, 03:21:24 AM I saw the thread about jgarzik getting the first ASIC, and I was thinking. You could 51% a small alt-chain, say TRC, with a few ASICs. The new Avalon ASIC runs at about 70 Ghash/s (reported by jgarzik). Terracoin's network hashrate was estimated by crazy_rabbit (Nov 2012) to be running at about 100 Ghash/s Source: https://bitcointalk.org/index.php?topic=123720.0 (https://bitcointalk.org/index.php?topic=123720.0) Two of the new ASICs could 51% terracoin. Watch out. -- If you have any corrections you would like me to make, please suggest them. Yes. Use litecoin instead. Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: Tomatocage on January 31, 2013, 04:33:30 AM I think you're overestimating the significance of Terracoin.
Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: Atruk on January 31, 2013, 04:49:28 AM I think you're overestimating the significance of Terracoin. This is what I'm thinking. Until many ASICs have found their ways into people's hands I don't see them being pointed at any altchains that aren't merged mined simply because the opportunity cost of having them not mine BTC. Now Freicoins... with the controversy and haters they generated I could imagine people might care enough to pop over there every now and then to shut it down. Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: DobZombie on January 31, 2013, 10:13:27 AM Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: smoothie on February 01, 2013, 09:36:47 AM LOL!!!!!!!
Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: crazy_rabbit on February 01, 2013, 10:03:04 AM You could also do it with GPUs if you wanted. But why waste the time and money?
Title: Re: It could be possible to 51% Terracoin with avalon's new ASIC Post by: RichG on February 02, 2013, 02:55:43 AM You could also do it with GPUs if you wanted. But why waste the time and money? I am just stating fact. I did not say anyone would do it. All I said was that it was possible. |
