51% Attack on LTC Bet | Bitcointalksearch.org

Nachtwind

hero member

Activity: 700

Merit: 507

Quote from: El Cabron on December 07, 2011, 06:07:18 AM

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..

El Cabron

vip

Activity: 840

Merit: 1000

So one guy has at least 50% of litecoins mining/? crazy

crazy_rabbit

legendary

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Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Wow thats nice to see someone with that power hanging out in the forums!

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Also verified.

doublec

legendary

Activity: 1078

Merit: 1005

Quote from: BigCpuMiner on December 06, 2011, 09:21:01 PM

G0n+/4N/SwNJfsjVNrVvkVuGbwiR+X/Wwzm8IZk9WBuoZfriG7iWqnMdOALUDx4NEXfiTkeDsy5dk/OI3JUBQ9s=

Confirmed, nice:

Code:

$ litecoind verifymessage LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8 "G0n+/4N/SwNJfsjVNrVvkVuGbwiR+X/Wwzm8IZk9WBuoZfriG7iWqnMdOALUDx4NEXfiTkeDsy5dk/OI3JUBQ9s=" "Yes, it's really me"
true

BigCpuMiner

newbie

Activity: 23

Merit: 0

G0n+/4N/SwNJfsjVNrVvkVuGbwiR+X/Wwzm8IZk9WBuoZfriG7iWqnMdOALUDx4NEXfiTkeDsy5dk/OI3JUBQ9s=

doublec

legendary

Activity: 1078

Merit: 1005

Quote from: BigCpuMiner on December 06, 2011, 07:23:45 PM

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"

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: Explodicle on December 06, 2011, 07:38:13 PM

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

I prefer just mining.

Explodicle

hero member

Activity: 950

Merit: 1001

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.

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: terrytibbs on December 06, 2011, 07:15:52 PM

Prove it.

You want me to prove that this address belongs to me?

http://blockexplorer.sytes.net/address/LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: BigCpuMiner on December 06, 2011, 06:32:20 PM

Quote from: El Cabron on December 06, 2011, 08:03:02 AM

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.

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: El Cabron on December 06, 2011, 08:03:02 AM

What sort of hashing power would be needed to do a 51% attack?

I have it but I will not do 51 attack.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: crazy_rabbit on December 06, 2011, 03:30:11 PM

Quote from: Ahimoth on December 06, 2011, 12:33:42 PM

Quote from: El Cabron on December 06, 2011, 08:03:02 AM

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.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Ahimoth on December 06, 2011, 12:33:42 PM

Quote from: El Cabron on December 06, 2011, 08:03:02 AM

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. :-)

Ahimoth

sr. member

Activity: 812

Merit: 250

Quote from: El Cabron on December 06, 2011, 08:03:02 AM

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.

El Cabron

vip

Activity: 840

Merit: 1000

What sort of hashing power would be needed to do a 51% attack?

freequant

hero member

Activity: 770

Merit: 500

Anyone interested to bet on the odds that NachtWind gets hit by a bus before 5 Jan 2012?

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Why are we trying to encourage this?

gmaxwell

staff

Activity: 4284

Merit: 8808

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.

BitcoinPorn

hero member

Activity: 630

Merit: 500

Posts: 69

Quote from: Ahimoth on December 05, 2011, 11:34:32 PM

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.

Topic: 51% Attack on LTC Bet (Read 2773 times)