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Author Topic: Surely this isn't a 51% attack on bitcoins, right?  (Read 5061 times)
Mr.Bitcoin
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October 12, 2011, 07:49:30 PM
 #1

Deepbit is down along with other pools (https://bitcointalk.org/index.php?topic=3889.msg570739#msg570739). As of right now, the chart shows over 50% of all mining power is in the 'other' category. See here: http://bitcoinwatch.com
Nobody is forking the chain are they?

0100110101110010010000100110100101110100010000110110111101101001011011100010111 0011000110110111101101101
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Anonymous
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October 12, 2011, 07:51:29 PM
 #2

Everything is going to be just fine. If it is an attack, it will take a while before a significant forking can occur. The miners will certainly reemerge before then.

Relax.
MaGNeT
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October 12, 2011, 08:06:17 PM
 #3

The revenge of BitcoinEXpress for being banned.
Mr.Bitcoin
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October 12, 2011, 08:06:57 PM
 #4

Ahh Troll, I know thee well! All I've got to say is Fork You! Grin
I'm glad, I was getting sick of NOT having Cosby Coinz!

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teflone
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October 12, 2011, 08:10:23 PM
 #5

I've been trying bitminter with Death and taxes up there..

Come on over! Cheesy

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Serith
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October 12, 2011, 08:34:39 PM
 #6

Deepbit is down along with other pools (https://bitcointalk.org/index.php?topic=3889.msg570739#msg570739). As of right now, the chart shows over 50% of all mining power is in the 'other' category. See here: http://bitcoinwatch.com
Nobody is forking the chain are they?

That pie chart didn't change for weeks if not months.
DeathAndTaxes
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October 12, 2011, 08:35:46 PM
 #7

Yesterday it had deepbit on there.  Not sure how accurate it was or how often it was updated but deepbit is kinda hard to miss.
jjiimm_64
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October 12, 2011, 08:39:52 PM
 #8

It could be that miners are working at deepbit, but you cannot get the reporting because the site is down.

can anyone mining at deepbit confirm.?

edit:  the 'other'  is deepbit if this is the case

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MoonShadow
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October 12, 2011, 08:40:15 PM
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Deepbit is down along with other pools (https://bitcointalk.org/index.php?topic=3889.msg570739#msg570739). As of right now, the chart shows over 50% of all mining power is in the 'other' category. See here: http://bitcoinwatch.com
Nobody is forking the chain are they?

No.  The 'other' category is all the blocks produced by miners not known to be associated to a pool, including all of the pools that bitcoinwatch is not yet aware of.  It doesn't, in fact, mean anything at all other than that more than 50% of the current hashing power is anonymous.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Troll Toll
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October 12, 2011, 08:45:44 PM
 #10

mr. bitcoin, you still selling those oval BTC stickers? I've been meaning to pm you but got lazy

You gotta pay
MaGNeT
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October 12, 2011, 08:51:01 PM
 #11

Slush is down now too  Shocked
DeathAndTaxes
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Gerald Davis


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October 12, 2011, 08:53:46 PM
 #12

If you are in a pool which is down and are concerned about network security the best thing you can do is start mining.

Either with another pool or solo.  Anything to keep aggregate hashing power up.

I don't think this is a 51% attack but everyone can treat it like a "fire drill". Smiley
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October 12, 2011, 08:54:18 PM
 #13

this is bad medicine

You gotta pay
BitterTea
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October 12, 2011, 08:58:43 PM
 #14

If you are in a pool which is down and are concerned about network security the best thing you can do is start mining.

Either with another pool or solo.  Anything to keep aggregate hashing power up.

I don't think this is a 51% attack but everyone can treat it like a "fire drill". Smiley

This. If everyone mining in a pool switched to mining solo, the end result for network security (if not personal income) is the same, yes?
DeathAndTaxes
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Gerald Davis


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October 12, 2011, 09:01:24 PM
 #15

If you are in a pool which is down and are concerned about network security the best thing you can do is start mining.

Either with another pool or solo.  Anything to keep aggregate hashing power up.

I don't think this is a 51% attack but everyone can treat it like a "fire drill". Smiley

This. If everyone mining in a pool switched to mining solo, the end result for network security (if not personal income) is the same, yes?

Yup.  Only change would be some increased revenue volatility for the miner which is a small price to pay for network security.
The pool I am in is still running solidly, even stales are low so it must not be part of the DDOS target (so far).  
Still if it went down I would flip over to solo mining.
jjiimm_64
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October 12, 2011, 09:04:56 PM
 #16



damn....  no way for me to change till i get home....

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BitterTea
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October 12, 2011, 09:09:14 PM
 #17

I saw this posted on reddit today, could be a useful tool: http://pi.uk.com/bitcoin/orphaned-blocks
phelix
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October 12, 2011, 09:21:16 PM
 #18

no mining at slush's pool. no mining at deepbit either?

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paraipan
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October 12, 2011, 09:26:20 PM
 #19

deepbit = down
btcg     = having issues too
slush    = down


hmm, i guess we're having a 51% and it's not a coincidence, i'm not moving a cent from my wallet  Undecided

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Spacy
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October 12, 2011, 09:32:05 PM
 #20

hmm, i guess we're having a 51% and it's not a coincidence, i'm not moving a cent from my wallet  Undecided

Maybe you should? This is the chance for double spending Smiley
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