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Title: Possibility of a 51 percent attack during a US blackout? Post by: 300 on April 06, 2014, 07:09:44 AM Kind of inspired by the other thread except this is about the Bitcoin network as a whole.
I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. If the power goes out in California and maybe just one or two other states - perhaps even for a couple of hours, wouldn't that allow for malevolent parties (who would normally lack the resources) to attack and destroy the Bitcoin network? It has happened before: http://en.wikipedia.org/wiki/2011_Southwest_blackout (http://en.wikipedia.org/wiki/2011_Southwest_blackout) Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: jc01480 on April 06, 2014, 07:57:06 AM Only in a nuclear strike. The power grid is set up in a complex system of redundant networks. There are a lot bigger concerns in the event of a realization of your scenario. Very strange question indeed.
Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: BitCoinDream on April 06, 2014, 08:03:09 AM Kind of inspired by the other thread except this is about the Bitcoin network as a whole. I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. If the power goes out in California and maybe just one or two other states - perhaps even for a couple of hours, wouldn't that allow for malevolent parties (who would normally lack the resources) to attack and destroy the Bitcoin network? It has happened before: http://en.wikipedia.org/wiki/2011_Southwest_blackout (http://en.wikipedia.org/wiki/2011_Southwest_blackout) Is it really so ? Bitcoin's majority computing power is coming from US ? I doubt... where are they from ? 1. GHash.IO 2. Discus Fish 3. BTC Guild 4. Eligius 5. Slush Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: hilariousandco on April 06, 2014, 12:17:07 PM Kind of inspired by the other thread except this is about the Bitcoin network as a whole. I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. That seems to be quite a big assumption there. Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: NWO on April 06, 2014, 12:31:40 PM Are you planning something OP? :P
Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: Soros Shorts on April 06, 2014, 12:43:08 PM I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. Why would you imagine this? Because of California's super cheap power rates?Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: ebliever on April 06, 2014, 12:44:34 PM I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. Why would you imagine this? Because of California's super cheap power rates?LOL; the OP speculation is way off on his assumptions. Anyone know for a fact where the big mining farms are? I've heard Oregon, Iceland and China. Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: Meuh6879 on April 06, 2014, 01:16:13 PM https://blockchain.info/fr/nodes-globe?series=onlineNow
3 locations to detroy : USA, Europe and China ... to destroy Bitcoin. simple. http://mrwgifs.com/wp-content/uploads/2013/05/Denzel-Washington-Boom-Gif.gif Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: DannyHamilton on April 06, 2014, 05:05:06 PM I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. That's quite an imagination that you have there. I would imagine most of the Bitcoin network's computing power is located on the planet of Mars. Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: skooter on April 06, 2014, 05:07:45 PM If someone wanted to do a 51% attack, they'd be better off doing a ddos attack against the major miners then hoping for a blackout, LOL.
Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: benjyz on April 06, 2014, 05:21:17 PM Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: Zosergag on April 06, 2014, 05:27:39 PM I doubt that Bitcoin's majority computing power is coming from US.I really doubt.
Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: paulsonnumismatics on April 06, 2014, 05:44:41 PM I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. Why would you imagine this? Because of California's super cheap power rates?Lol. Now seriously, i always thought that one of the goals of the Bitcoin Foundation should be to close deals with maybe universities all over the world so they mantain a permanent node on, to spread even more the hashrate... Maybe im talking nonsense here... But being a foundation maybe they can benefit from grants in each country, the Unis will mine and reinvest, etc... So when Mexico invades USA the blockchain keeps stable and such. Ow, there we go again. Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: grifferz on April 06, 2014, 05:48:02 PM Now seriously, i always thought that one of the goals of the Bitcoin Foundation should be to close deals with maybe universities all over the world so they mantain a permanent node on, to spread even more the hashrate... I think if bitcoin depended on such charity to survive then it wouldn't survive. It needs to survive on the basis of there being an economic motivation to run a full node and mine. And so far I think it is showing that that is the case. Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: BunsenBurner on April 06, 2014, 05:54:37 PM It is a map of bitcoin nodes, rather than miners. Title: Re: Possibility of a 51 percent attack during a US blackout? Post by: Bit_Happy on April 06, 2014, 05:55:19 PM East coast so much more than west? Looks like New York really loves BTC. |
