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Topic: 51% Attack on LTC Bet (Read 2763 times)

hero member
Activity: 700
Merit: 507
December 07, 2011, 06:10:19 AM
#25
So one guy has at least 50% of litecoins mining/?  crazy

Is that so?

I only heard that theory from Coinhunter and i wouldnt believe him right away if he claimed the heaven was blue or rain being wet..
That BigCPUMiner guy has a nice chunk but thats nothing like 50% of the networking power from my estimates...

But nice to see that no Solidcoin fanboy wants to bet against us. Easy money to be made guys..
vip
Activity: 840
Merit: 1000
December 07, 2011, 06:07:18 AM
#24
So one guy has at least 50% of litecoins mining/?  crazy
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
December 07, 2011, 05:12:57 AM
#23
Wow thats nice to see someone with that power hanging out in the forums!
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
December 06, 2011, 09:29:17 PM
#22
Also verified.
legendary
Activity: 1078
Merit: 1005
December 06, 2011, 09:27:36 PM
#21
G0n+/4N/SwNJfsjVNrVvkVuGbwiR+X/Wwzm8IZk9WBuoZfriG7iWqnMdOALUDx4NEXfiTkeDsy5dk/OI3JUBQ9s=
Confirmed, nice:

Code:
$ litecoind verifymessage LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8 "G0n+/4N/SwNJfsjVNrVvkVuGbwiR+X/Wwzm8IZk9WBuoZfriG7iWqnMdOALUDx4NEXfiTkeDsy5dk/OI3JUBQ9s=" "Yes, it's really me"
true
newbie
Activity: 23
Merit: 0
December 06, 2011, 09:21:01 PM
#20
G0n+/4N/SwNJfsjVNrVvkVuGbwiR+X/Wwzm8IZk9WBuoZfriG7iWqnMdOALUDx4NEXfiTkeDsy5dk/OI3JUBQ9s=
legendary
Activity: 1078
Merit: 1005
December 06, 2011, 07:46:32 PM
#19
You want me to prove that this address belongs to me?

http://blockexplorer.sytes.net/address/LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8
If you use the command line client you can prove it by signing a message using that address:

Code:
$ litecoind signmessage LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8 "Yes, it's really me"

Show the result of that here. People can verify with:

Code:
$ litecoind verifymessage LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8 [result from above] "Yes, it's really me"
newbie
Activity: 23
Merit: 0
December 06, 2011, 07:46:15 PM
#18
You can count my original 10 BTC here, in favor of Litecoin.

Considering the cost of a 51% attack, I doubt our bets will significantly influence its likelihood. This is just to clearly illustrate to his followers that CoinHunter is full of BS.

Your BTC will stay with you as I don't see any reason to do attack. I am nor a bank neither a government Smiley
I prefer just mining.
hero member
Activity: 950
Merit: 1001
December 06, 2011, 07:38:13 PM
#17
You can count my original 10 BTC here, in favor of Litecoin.

Considering the cost of a 51% attack, I doubt our bets will significantly influence its likelihood. This is just to clearly illustrate to his followers that CoinHunter is full of BS.
newbie
Activity: 23
Merit: 0
hero member
Activity: 560
Merit: 501
December 06, 2011, 07:15:52 PM
#15
What sort of hashing power would be needed to do a 51% attack?

I have it but I will not do 51 attack.
Prove it.
newbie
Activity: 23
Merit: 0
December 06, 2011, 06:32:20 PM
#14
What sort of hashing power would be needed to do a 51% attack?

I have it but I will not do 51 attack.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
December 06, 2011, 04:01:05 PM
#13
What sort of hashing power would be needed to do a 51% attack?

At the current network speed of 30mh/s, you would need about 1,500 good cpus to start a 51% attack. However I think the original concept was that a very large "dark" pool *may* already have the capacity to 51% the network.

As an interesting note, there is over 100K of LTC for sale in one order over at BTC-e right now. Till someone feels like buying all of that up, the price won't be getting higher then 0.00556. Interesting to see someone controlling the price like that.

Will be nice to have LTC prices stable for at least a little while so people can focus on something more productive then trading. :-)

I guess I spoke to soon, it's already gone.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
December 06, 2011, 03:30:11 PM
#12
What sort of hashing power would be needed to do a 51% attack?

At the current network speed of 30mh/s, you would need about 1,500 good cpus to start a 51% attack. However I think the original concept was that a very large "dark" pool *may* already have the capacity to 51% the network.

As an interesting note, there is over 100K of LTC for sale in one order over at BTC-e right now. Till someone feels like buying all of that up, the price won't be getting higher then 0.00556. Interesting to see someone controlling the price like that.

Will be nice to have LTC prices stable for at least a little while so people can focus on something more productive then trading. :-)
sr. member
Activity: 812
Merit: 250
December 06, 2011, 12:33:42 PM
#11
What sort of hashing power would be needed to do a 51% attack?

At the current network speed of 30mh/s, you would need about 1,500 good cpus to start a 51% attack. However I think the original concept was that a very large "dark" pool *may* already have the capacity to 51% the network.
vip
Activity: 840
Merit: 1000
December 06, 2011, 08:03:02 AM
#10
What sort of hashing power would be needed to do a 51% attack?
hero member
Activity: 770
Merit: 500
December 06, 2011, 07:52:47 AM
#9
Anyone interested to bet on the odds that NachtWind gets hit by a bus before 5 Jan 2012?
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
December 06, 2011, 04:59:58 AM
#8
Why are we trying to encourage this?
staff
Activity: 4284
Merit: 8808
December 06, 2011, 12:28:06 AM
#7
I oppose litecoin with a bet of 1e-8 BTC, and I support litecoin with a bet of 1e-8 BTC.

(i.e. 1e-8 is one base unit)

Thanks.
hero member
Activity: 630
Merit: 500
Posts: 69
December 06, 2011, 12:19:39 AM
#6

I assume you are "SolidCoinPorn" over at the SolidCoin forums. If so, I have 60SC waiting for you from the mooncoin refund, I just need you to return to the SC forums and PM me, or post a refund address in the mooncoin deposit thread.

Squeaky wheel gets the grease  Cheesy   I will PM an address when I get to the comp I have my wallet on.  That is one less issue I now have with Solidcoin, was the handling of these refunds.  I can understand since then though, the client has gone through changes and what not, anyways, thanks.
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