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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > It could be possible to 51% Terracoin with avalon's new ASIC
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Author Topic: It could be possible to 51% Terracoin with avalon's new ASIC  (Read 1888 times)
RichG (OP)
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January 31, 2013, 03:14:53 AM
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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

Two of the new ASICs could 51% terracoin. Watch out.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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January 31, 2013, 03:21:24 AM
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Quote from: 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

Two of the new ASICs could 51% terracoin. Watch out.

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If you have any corrections you would like me to make, please suggest them.

Yes. Use litecoin instead.
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January 31, 2013, 04:33:30 AM
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I think you're overestimating the significance of Terracoin.
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January 31, 2013, 04:49:28 AM
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Quote from: Tomatocage on January 31, 2013, 04:33:30 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.
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January 31, 2013, 10:13:27 AM
 #5

HOW DO I TERRACOIN?
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February 01, 2013, 09:36:47 AM
 #6
Quote from: DobZombie on January 31, 2013, 10:13:27 AM

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February 01, 2013, 10:03:04 AM
 #7
You could also do it with GPUs if you wanted. But why waste the time and money?
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February 02, 2013, 02:55:43 AM
 #8
Quote from: 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?

I am just stating fact. I did not say anyone would do it. All I said was that it was possible.
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