Topic: 51% attack against Bytecoin imminent? - page 3. (Read 3623 times)
BTE hash rate almost 1.1T, thats crazy
How can they have a 16k difficulty mining at 10% of the bitcoin network when the bitcoin difficulty is orders of magnitude bigger?
Also, didn't they started from difficulty 1? I thought so and that they shared the code with bitcoin . if so, how can they have already had a difficult retarget that brought them to 4000?
I don't know, I don't care.
Also, didn't they started from difficulty 1? I thought so and that they shared the code with bitcoin . if so, how can they have already had a difficult retarget that brought them to 4000?
I don't know, I don't care.
Whats happened is the difficulty was 1 and because of all the hashing power being pointed towards the Bytecoin network the difficulty is readjusting at the fastest possible amount that it will allow.
So far the difficulty is jumping 4 times on each retarget, and because it can't jump more than 4 times (I think this is true of Bitcoin too, that the difficulty can not retarget more than 4 times the current target) then the blocks end up getting solved far quicker because the retargets are happening as fast a what allowed by the code.
so after 16,000 it will jump straight up to 64,000 and so on before it equalizes and blocks start getting solved in the 10 minutes time span again.
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How can they have a 16k difficulty mining at 10% of the bitcoin network when the bitcoin difficulty is orders of magnitude bigger?
Also, didn't they started from difficulty 1? I thought so and that they shared the code with bitcoin . if so, how can they have already had a difficult retarget that brought them to 4000?
I don't know, I don't care.
Also, didn't they started from difficulty 1? I thought so and that they shared the code with bitcoin . if so, how can they have already had a difficult retarget that brought them to 4000?
I don't know, I don't care.
Whats happened is the difficulty was 1 and because of all the hashing power being pointed towards the Bytecoin network the difficulty is readjusting at the fastest possible amount that it will allow.
So far the difficulty is jumping 4 times on each retarget, and because it can't jump more than 4 times (I think this is true of Bitcoin too, that the difficulty can not retarget more than 4 times the current target) then the blocks end up getting solved far quicker because the retargets are happening as fast a what allowed by the code.
so after 16,000 it will jump straight up to 64,000 and so on before it equalizes and blocks start getting solved in the 10 minutes time span again.
Yea you are probably right but if we get 20 minute or even 40 minute blocks for a while until the next next re-target than that isnt really a big deal. If this thing catches on than it will all come out in the wash.
Stupids are mining it while the difficulty is still 1.
Stupids because its a scam and its worthless.
Stupids because its a scam and its worthless.
Maybe, although the difficulty is over 4000 at the moment. The re-target will be at 16,000 diff, maybe people will drop of then?
Also, didn't they started from difficulty 1? I thought so and that they shared the code with bitcoin . if so, how can they have already had a difficult retarget that brought them to 4000?
I don't know, I don't care.
Anyway, I really don't like that a currency with a name so similar to bitcoin came out.
Stupids are mining it while the difficulty is still 1.
Stupids because its a scam and its worthless.
Stupids because its a scam and its worthless.
Maybe, although the difficulty is over 4000 at the moment. The re-target will be at 16,000 diff, maybe people will drop of then?
Stupids are mining it while the difficulty is still 1.
Stupids because its a scam and its worthless.
Stupids because its a scam and its worthless.
51% attack against Bytecoin imminent?
The network hashing power of Bytecoin is now over 2% of Bitcoin, this could mean someone is trying to take over the network for a 51% attack.
Its unlikely this worthless coin would actually be growing at this rate (in terms of hashing power) naturally right?
EDIT:
Hashing power is currently 6 times TRC and over 50% of PPCoin
EDIT: updated numbers
The network hashing power of Bytecoin is now over 2% of Bitcoin, this could mean someone is trying to take over the network for a 51% attack.
Its unlikely this worthless coin would actually be growing at this rate (in terms of hashing power) naturally right?
EDIT:
Hashing power is currently 6 times TRC and over 50% of PPCoin
EDIT: updated numbers
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