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Topic: BBQ and mincoin under threat of 51% attack (Read 814 times)

sr. member
Activity: 322
Merit: 250
April 28, 2013, 12:16:16 AM
#8
To 51% a chain you need to modify the wallet client and solo mine, so that you can merge "your" modified chain to the original one to add the invalid blocks. (also you need more than 51% hash power of the network to do so)
The pool is actually solo mining with your hashes (and then spreading the coins).

So the threat of 51%'ing it is real only if the pool operator has a modified client and uses your hashes to do it.


EDIT: Then again, if the pool operator had a modified client, the blockcount shown there would be different than the real blockcount (EDIT3: and you wont receive any coins that you mined in most cases)
EDIT2: When a new coin comes, and there are only a few or only one miner hashing, he/they has/have more than 51% of the total network hashrate, and the coin doesnt die. Else every coin would be dead by the first day of its existence
aa
hero member
Activity: 544
Merit: 500
Litecoin is right coin
I could fix Mincoin by switching my own miners to it.
sr. member
Activity: 476
Merit: 250
Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm
If the BBQ pool has almost 100% of the hashpower, its members will get every block anyway so what should be attacked there Cheesy

I guarantee the BBQ pool does not have that share of the market.  I alone am solo mining at 6Mh/s.  Something isn't updating right somewhere. 

I'm solo mining, too, and picking up a block now and then.  It doesn't look like the chain is being completely dominated.  (But then again, I may not know enough to tell, at this point.)
hero member
Activity: 686
Merit: 500
I switched to solo for now.
sr. member
Activity: 322
Merit: 250
I AM A DRAGON
If the BBQ pool has almost 100% of the hashpower, its members will get every block anyway so what should be attacked there Cheesy

I guarantee the BBQ pool does not have that share of the market.  I alone am solo mining at 6Mh/s.  Something isn't updating right somewhere. 
in anycase they have well over 51% needed even
hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
If the BBQ pool has almost 100% of the hashpower, its members will get every block anyway so what should be attacked there Cheesy

I guarantee the BBQ pool does not have that share of the market.  I alone am solo mining at 6Mh/s.  Something isn't updating right somewhere. 
sr. member
Activity: 518
Merit: 250
If the BBQ pool has almost 100% of the hashpower, its members will get every block anyway so what should be attacked there Cheesy
sr. member
Activity: 322
Merit: 250
I AM A DRAGON



Pools with 51%+ of market share
Mincoin- vircurpoool 13.14mh/19.646mh =66% of total hashrate
bbqcoin-http://ub3rl33t.com 21274.44kh/21517.39kh 98.8709% of total hashrate
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