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Frizz23 (OP)
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June 12, 2013, 11:58:24 AM |
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Network Hashrate:
Phenixcoin: 21.72 MH/sec
Franko: 18.28 MH/sec
AmericanCoin: 7.12 MH/sec
Nibble: 4.36 MH/sec (even my grandma has more hashing power)
Elacoin: 1.86 MH/sec (OK now that's ridiculous)
One person alone could easily do a 51% attack.
Why are those coins still traded at exchanges? Why do they still have "value"?
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Ξtherization⚡️First P2E 2016⚡️🏰💎🌈 etherization.org
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crazy_rabbit
Legendary
 Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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June 12, 2013, 12:01:07 PM |
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Network Hashrate:
Phenixcoin: 21.72 MH/sec
Franko: 18.28 MH/sec
AmericanCoin: 7.12 MH/sec
Nibble: 4.36 MH/sec (even my grandma has more hashing power)
Elacoin: 1.86 MH/sec (OK now that's ridiculous)
One person alone could easily do a 51% attack.
Why are those coins still traded at exchanges? Why do they still have "value"?
What exchange trades them? |
more or less retired.
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Hydroponica
Full Member
Offline
Activity: 182
Merit: 100
fml
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June 12, 2013, 12:03:48 PM |
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Network Hashrate:
Phenixcoin: 21.72 MH/sec
Franko: 18.28 MH/sec
AmericanCoin: 7.12 MH/sec
Nibble: 4.36 MH/sec (even my grandma has more hashing power)
Elacoin: 1.86 MH/sec (OK now that's ridiculous)
One person alone could easily do a 51% attack.
Why are those coins still traded at exchanges? Why do they still have "value"?
What exchange trades them? Cryptsy |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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June 12, 2013, 12:06:48 PM |
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Network Hashrate:
Phenixcoin: 21.72 MH/sec
Franko: 18.28 MH/sec
AmericanCoin: 7.12 MH/sec
Nibble: 4.36 MH/sec (even my grandma has more hashing power)
Elacoin: 1.86 MH/sec (OK now that's ridiculous)
One person alone could easily do a 51% attack.
Why are those coins still traded at exchanges? Why do they still have "value"?
What exchange trades them? Cryptsy Ah! Checking it it seems like doing a 51% attack would profit a person less then 1BTC. :-p |
more or less retired.
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sellbuy
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June 12, 2013, 12:08:18 PM |
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Ah! Checking it it seems like doing a 51% attack would profit a person less then 1BTC. :-p
or even less at all  |
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Frizz23 (OP)
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June 12, 2013, 12:51:44 PM |
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Ah! Checking it it seems like doing a 51% attack would profit a person less then 1BTC. :-p
or even less at all I thought we have lots of people suffering from Messiah complex White-Hat hackers here that do it just for fun and educational reasons. And because they are bored. No? |
Ξtherization⚡️First P2E 2016⚡️🏰💎🌈 etherization.org
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Endgame
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June 12, 2013, 12:59:50 PM |
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I think we will see more 51% attacks on the smaller coins in coming weeks. If it can happen to feathercoin, it can happen to many others as well.
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jasonslow
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June 12, 2013, 01:01:01 PM |
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If this coins will be attacked the developer will just create another one lol. Plus there are coins being created on daily basis. Thats power in numbers lol.
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Frizz23 (OP)
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June 12, 2013, 02:07:10 PM |
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I think we will see more 51% attacks on the smaller coins in coming weeks. If it can happen to feathercoin, it can happen to many others as well.
It can happen to any coin. Still. Feathercoin is the biggest one after Litecoin. Feathercoin has 1320 MH/s. Next biggest coin is Worldcoin with 700 MH/s. It worked for Feathercoin (OK, at a little lower network hashrate), Worldcoin would be an easy target. Step by step guide: 1. Build up a hashing farm. 2. DDOS the 2-3 biggest pools. 3. Take over the network. Will soon work for Litecoin. Would also work for Bitcoin (take down BTC Guild and 50BTC -> 45% of the hashing power gone). |
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Joerii
Legendary
Offline
Activity: 1274
Merit: 1050
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June 12, 2013, 02:11:44 PM |
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Ah! Checking it it seems like doing a 51% attack would profit a person less then 1BTC. :-p
or even less at all I thought we have lots of people suffering from Messiah complex White-Hat hackers here that do it just for fun and educational reasons. And because they are bored. No? Are you implying killing these coins is a good thing ? |
Hypercube - get the attention you deserve
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bitdwarf
Sr. Member
Offline
Activity: 406
Merit: 250
The cryptocoin watcher
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June 12, 2013, 02:20:54 PM |
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Less miners in the reliable currencies means easier mining for everybody else. There's no real profit in killing them. Feathercoin is the biggest one after Litecoin. Feathercoin has 1320 MH/s. Next biggest coin is Worldcoin with 700 MH/s.
Hard to make proper comparisons, but in adjusted hashrate YaCoin is possibly bigger than FeatherCoin. This is discussed in the yacointalk forum: I think more meaningful proof of interest might be taking the very first chart on yacexplorer.tk, and extrapolating the hash rate based on N. The current mean hashrate is 54 MH/sec. If that gets multiplied by 2^5 (the difficulty change since inception of the coin), the adjusted hashrate is 1,728 MH/sec today vs. a peak of 1,400 MH/sec during the early days when N=4. This leads me to believe that there is more CPU power being thrown at this coin than there was on day 1 when all the pump-and-dumpers thought they could capitalize.
That doesn't include Proof of Stake mining, which is active already. http://yacointalk.com/index.php/topic,270.msg986.html#msg986 |
𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
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Frizz23 (OP)
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June 12, 2013, 02:47:06 PM |
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Hard to make proper comparisons, but in adjusted hashrate YaCoin is possibly bigger than FeatherCoin.
I quite like some of the ideas behind YaCoin. But it has a real sucky name (Yet Another Coin). Why would anyone wanna have such a coin? It's like YAG (Yet another girlfriend) - who would wanna have such a woman? And I don't like your new "predictable N" idea. That makes attacks especially easy ... |
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Hazard
Legendary
Offline
Activity: 980
Merit: 1000
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June 12, 2013, 02:48:20 PM |
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it doesnt represent actual interest. its just more profitable for botnet operators to mine YAC.
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Hydroponica
Full Member
Offline
Activity: 182
Merit: 100
fml
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June 12, 2013, 02:48:39 PM |
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Ah! Checking it it seems like doing a 51% attack would profit a person less then 1BTC. :-p
or even less at all Not even sure they could make enough to cover electricity...lol |
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Frizz23 (OP)
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June 12, 2013, 02:53:25 PM |
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Ah! Checking it it seems like doing a 51% attack would profit a person less then 1BTC. :-p
or even less at all I thought we have lots of people suffering from Messiah complex White-Hat hackers here that do it just for fun and educational reasons. And because they are bored. No? Are you implying killing these coins is a good thing ? No, not at all. At least not now. Let those little fledgling grow before they are tested. Give them a chance. |
Ξtherization⚡️First P2E 2016⚡️🏰💎🌈 etherization.org
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FiiNALiZE
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June 12, 2013, 04:19:31 PM |
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Elacoin is dead.
I solo mined it for a while, the blocks never deposited into my wallet, even though they were accepted.
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Frizz23 (OP)
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June 13, 2013, 04:28:44 AM |
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Vircurex no longer supports BBQCoin, CHNCoin and YACoin. I guess those coins will be dead soon. Must be a bit embarrassing for btc-e that they added CHNCoin so quickly  |
Ξtherization⚡️First P2E 2016⚡️🏰💎🌈 etherization.org
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aa
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June 13, 2013, 04:56:30 AM |
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Must be a bit embarrassing for btc-e that they added CHNCoin so quickly What's embarrassing about making a fortune off of fools? |
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bitdwarf
Sr. Member
Offline
Activity: 406
Merit: 250
The cryptocoin watcher
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June 13, 2013, 08:13:40 AM |
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Vircurex no longer supports BBQCoin, CHNCoin and YACoin. I guess those coins will be dead soon.
YaCoin is back. |
𝖄𝖆𝖈: YF3feU4PNLHrjwa1zV63BcCdWVk5z6DAh5 · 𝕭𝖙𝖈: 12F78M4oaNmyGE5C25ZixarG2Nk6UBEqme
Ɏ: "the altcoin for the everyman, where the sweat on one's brow can be used to cool one's overheating CPU" -- theprofileth
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bizz
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June 13, 2013, 08:15:42 AM |
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Vircurex no longer supports BBQCoin, CHNCoin and YACoin. I guess those coins will be dead soon.
YaCoin is back. Trading will be possible till end of June. |
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