WARNING: Potential 51% attack on Litecoin by GHash

[Kalizar]

Haha, they lost 3/4 of their miners almost instantly after the promotion ended.

If they weren't so deceitful with the promotion to begin with I think a lot of people would have stayed, I know I would have. They had to know that doubling payouts was going to attract a lot of attention so they should have planned better.

I agree. Classic bait and switch. I probably would have stayed an exceptional amount of time if they didn't change the promotion's terms.

[glassgoose45]

I was curious and decided to point some hash there.

Doubled rewards for LiteCoin mining ends in  [6 days, 33 minutes, and 54 seconds]

To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed    Reward multiplier
0 – 40 GH/s    x2
40 – 60 GH/s    x1.25
60+ GH/s    x1

So that's how they weasel out of the promised double rewards. More arbitrary bullshit ...

Not really.  Stil 1.25x is more than anywhere else...

[uberdag]

looks like its over

[Dipt]

Bump,
I was just reading this, because i'm not a miner can someone say if this 51% attack is still on there? or it's not an issue anymore?

Tnx

[Dipt]

So it's not safe to stay in LTC anymore? Why do they let it become so high, if there is a 51% attack then lTC dies not?
(don't know exactly how 51% works)