I dont know if this is being discussed elsewhere or what not but the number of 51% attacks is on the increase, but is this just the tip of the iceberg
i mean, ASIC hardware changing hands for pennies, serious amounts of it, just look at the power available on nicehash for example......
Given any idiot with a wallet could pull of a 51% attack......
Why are coins not doing more to protect themselves and there users? This is clearly a problem, Monetary Unit Hash Rate 14th/s yet 300 Th/s on nice hash.
More than 25% of the top 100 coins, you can rent at least twice the hashpower for than the network has now......
So what happens next?? An armageddon on coins i presume with hundreds failing, a ton of bad "bitcoin" press and depress the prices all year? Can this be counted? are there effective means to solve this and solve it fast?
Eidted for full disclosure, i cant fucking stand mue, so i singled them out as a "prime" example
i mean, ASIC hardware changing hands for pennies, serious amounts of it, just look at the power available on nicehash for example......
Given any idiot with a wallet could pull of a 51% attack......
Why are coins not doing more to protect themselves and there users? This is clearly a problem, Monetary Unit Hash Rate 14th/s yet 300 Th/s on nice hash.
More than 25% of the top 100 coins, you can rent at least twice the hashpower for than the network has now......
So what happens next?? An armageddon on coins i presume with hundreds failing, a ton of bad "bitcoin" press and depress the prices all year? Can this be counted? are there effective means to solve this and solve it fast?
Eidted for full disclosure, i cant fucking stand mue, so i singled them out as a "prime" example
Because changing mining algorithm would require hard fork and no coin developer want to do it because there would be some or many stay on old chain and would get another coin. Monero devolpers, since are 200+ have balls to do it and are not afraid of competition.
