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[mr_random]

I've always wondered something about 51% attacks. Take Litecoin as an example - 18gh network hash at present.

Does one need 9gh to 51% attack it or 18gh? The reason being, if an entity attacks with 9gh, that makes the total network hash 27gh and of course 9 is no longer half of 27.

So does an entity need 9gh to attack with success, or is it 18gh?

[worldinacoin]

Bitcoinexpress, do you mind me asking, what is your hashing power?  Seen you battling Solidcoin etc.  Without a substantial hashing power there is no way.

[Hydroponica]

I've always wondered something about 51% attacks. Take Litecoin as an example - 18gh network hash at present.

Does one need 9gh to 51% attack it or 18gh? The reason being, if an entity attacks with 9gh, that makes the total network hash 27gh and of course 9 is no longer half of 27.

So does an entity need 9gh to attack with success, or is it 18gh?

You need to have 18GH/s, + a little more, to get 51%. Match and beat, current hashrate, control 51% of the total hashing power

[rbdrbd]

Would they not still have to control 51% of the currency?

A 51% attack has zero to do with the amount of currency you hold, it is the hashrate.


~BCX~

I thought so. I had just read someone say that in another thread.

You may be confusing LTC/FTC with other coins that are POW+POS hybrids. Amount of coins held to secure the network with coins that have Proof of Stake minting, such as PPCoin, NovaCoin, BitBar, and YACoin. FC and LTC don't have POS features.

[Eastwind]

I've always wondered something about 51% attacks. Take Litecoin as an example - 18gh network hash at present.

Does one need 9gh to 51% attack it or 18gh? The reason being, if an entity attacks with 9gh, that makes the total network hash 27gh and of course 9 is no longer half of 27.

So does an entity need 9gh to attack with success, or is it 18gh?

You need to have 18GH/s, + a little more, to get 51%. Match and beat, current hashrate, control 51% of the total hashing power

If they can take out a few pools, then they need less than 18GH/s. My mining are in several pools just in case some of them are down.

[12gaFacelift]

its always good to have p2pool in backup...never know what happen when you sleep 

[Prelude]

Right now, unknown is Coinotron.




At least that's what I'm thinking.

[seleme]

I doubt there are asics out there but some fpgas are most probably already in action.

[FiiNALiZE]

Please don't say BTC can't get 51%, of course it could.

If the government or some really rich person dropped a few million into ASIC's, Bitcoin would be done.

[mebezac]

I doubt there are asics out there but some fpgas are most probably already in action.

I agree, I think fpgas will come before ASICs, and are probably already out there in the wild. Also, if anyone has scrypt ASICs, it would obviously be Trucoin lol https://bitcointalk.org/index.php?topic=222962.0

[erk]

Please don't say BTC can't get 51%, of course it could.

If the government or some really rich person dropped a few million into ASIC's, Bitcoin would be done.

And the public would cry that it was an act of terrorism.

I think if any authorities or students looking for a PhD paper idea, are reading this thread they should consider as an exorcise to investigate the attack on FTC, and develop the tools and techniques for tracking down the offender just in case your country decides to adopt a crypto currency down the track.

[mebezac]

Please don't say BTC can't get 51%, of course it could.

If the government or some really rich person dropped a few million into ASIC's, Bitcoin would be done.

And the public would cry that it was an act of terrorism.

And the government would blame it on *Insert Country Name Here* and subsequently declare war on them. Also, they would subpoena the phone and computer records of all Bitcoin users.

[smoothie]

Do your research guys. The OP is the same guy who faked LTC attacks in fall of 2012 then got exposed, then doxxed, outted for his bullshit lies, then ran away.

Anyone who was around then can attest to this.

 

[litejar]

TruCoin's gold bar usb asic's must be shipping?

[Hydroponica]

Please don't say BTC can't get 51%, of course it could.

If the government or some really rich person dropped a few million into ASIC's, Bitcoin would be done.

Government, sure. Some rich guy? Pretty sure, they don't give a fuck about bitcoin...Because they are rich
Not to mention, you'd need 1000's of high end ASIC's....If you know where to buy 1000's of high end ASICS, please, let me know. I want one.

[craslovell]

Do your research guys. The OP is the same guy who faked LTC attacks in fall of 2012 then got exposed, then doxxed, outted for his bullshit lies, then ran away.

Anyone who was around then can attest to this.

 

Researched and verified.

[YipYip]

Do your research guys. The OP is the same guy who faked LTC attacks in fall of 2012 then got exposed, then doxxed, outted for his bullshit lies, then ran away.

Anyone who was around then can attest to this.

 

Researched and verified.

Verified what exactly, that with Coblee's knowledge ahead of the "attack", that it was for the sole purpose of rallying LTC miners and it worked brilliantly I might add...

Total different situation and for an entirely different reason.

With FTC I am posting an opinion and nothing more. I hold a lot of both, FTC and LTC so I don't want to see either destroyed.


~BCX~

Yawn....u r full of it

[smoothie]

Do your research guys. The OP is the same guy who faked LTC attacks in fall of 2012 then got exposed, then doxxed, outted for his bullshit lies, then ran away.

Anyone who was around then can attest to this.

 

Researched and verified.

 

[smoothie]

Do your research guys. The OP is the same guy who faked LTC attacks in fall of 2012 then got exposed, then doxxed, outted for his bullshit lies, then ran away.

Anyone who was around then can attest to this.

 

Researched and verified.

Verified what exactly, Coblee's knew full well ahead of the "attack" it was a bluff, that it was for the sole purpose of rallying LTC miners and it worked brilliantly I might add...

Total different situation and for an entirely different reason.

With FTC I am posting an opinion only and nothing more.

I hold a lot of both, FTC and LTC so I don't want to see either destroyed.


~BCX~

He verified that you were outted for your bullshit claims of an attack. Whether Coblee knew or not is irrelevant and is your way of deflecting attention away from what you did. Or didn't do as you claimed you were.

[Wilderness]

read the comments on the last Mtgox facebook update .....

if LTC ever makes it to Gox then it's just the next big pump and dump. A lot of people have the big dream they'll be rich from LTC when it hits but will there actually be buyers? There will certainly be plenty of sellers.