Topic: delete - page 4. (Read 9158 times)
So FTC has already been 51%ed? Because I saw people complaining about the FTC deposit to BTCE has not been confirmed even after 24 hrs.
The FTC attack was probably conducted by one of the big LTC pools, as that's the only way to suddenly redirect hundreds of MH/s of scrypt miners. Now that FTC net hash is over 2GH/s it's much harder to do than when it was down at a few hundred MH/s earlier on.
They could easily smash CNC, Nibble, GLD and a number of direct LTC clones with low net hash rates.
They could easily smash CNC, Nibble, GLD and a number of direct LTC clones with low net hash rates.
Trying to 51% LTC would:
1) cause all auto-miners to autoswitch onto LTC (same as FTC).
2) cause anyone with LTC to divert all possible power onto the LTC network to counter the attack.
3) There's a true p2pool for LTC, everyone should have it as a failover for their main LTC pools.
4) Note that wemineltc is very heavily ddos protected, due to the massive attacks near the beginning of the LTC spike. Note they are not stupid.
1) cause all auto-miners to autoswitch onto LTC (same as FTC).
2) cause anyone with LTC to divert all possible power onto the LTC network to counter the attack.
3) There's a true p2pool for LTC, everyone should have it as a failover for their main LTC pools.
4) Note that wemineltc is very heavily ddos protected, due to the massive attacks near the beginning of the LTC spike. Note they are not stupid.
I sure hope litecoin weathers the storm 
Its been a good coin to us over the last year.
Its been a good coin to us over the last year.
.....
If you will notice there has been a recent large surge of hashing power on the LTC network categorized as anonymous coming on about the same time as the FTC attack. It's no coincidence. This is very similar to events that occurred in late 2011 early 2012 with the advent of the GPU miners for scrypt that *ALL* the *EXPERTS* in the know said would never work. You know, the same way all the "experts" today keep saying ASIC's for Litecoin is an impossibility... and I mean the exact same people.
......
~BCX~
If you will notice there has been a recent large surge of hashing power on the LTC network categorized as anonymous coming on about the same time as the FTC attack. It's no coincidence. This is very similar to events that occurred in late 2011 early 2012 with the advent of the GPU miners for scrypt that *ALL* the *EXPERTS* in the know said would never work. You know, the same way all the "experts" today keep saying ASIC's for Litecoin is an impossibility... and I mean the exact same people.
......
~BCX~
Yes I've noticed this recently at interesting times.
-Directly after, the difficulty before last; there was a spike in the Unknown from 3.5Gh/s - 6.6Gh/s. This lasted appx 3 hours and was 20% total hash.
-Directly after, the last difficulty; there was a spike again in the Unknown from 5Gh/s - 6.6Gh/s This lasted appx 2-3 hours and hit 23% total hash at maximum
-Today, during /after FTC attack. Coinotron goes down; dropping total net. Unknown shows up from 6.6-7.2Gh/s. Yet again lasting for 2-3 hours and hit 33% total hash.
In all cases it slowly dies off 5-3.5-2.6-1.5 -0 in about 30 minutes at the end of these spikes. Also I've seen it randomly pop-up a couple times "mid-difficulty" in the 3-4 GH/s range.
(I always check that all pools are reporting correctly to ensure there was no active showing on the network distribution) (E.G- today even connecting miners to coinotron to verify it was down and not part of "unknown" hash)
May be something to it I suppose. I know I'll be watching the patterns
Thanks for the heads up.
Would they not still have to control 51% of the currency?
A 51% attack has zero to do with the amount of currency you hold, it is the hashrate.
~BCX~
I thought so. I had just read someone say that in another thread.
as many people as possible setting up solo mining as a backup pool should help, no?
"Keep in mind, any attack that works on FTC will work on LTC."
I do not quite agree with this, as the hashrate of Feathercoin is many many times less than the Litecoin network.
I do not quite agree with this, as the hashrate of Feathercoin is many many times less than the Litecoin network.
Would they not still have to control 51% of the currency?
~600 Mhash to 51% FTC
~9 Ghash to 51% LTC
Still can't rule it out but not very likely to happen, unless they manage to DDOS the pools, in which case they wouldn't need ASICs to achieve the attack.
~9 Ghash to 51% LTC
Still can't rule it out but not very likely to happen, unless they manage to DDOS the pools, in which case they wouldn't need ASICs to achieve the attack.
I was there back then. Fun times. 
I'd also like to mention when mining LTC, SC1 and SC2 at the debut you actually GOT SOME unlike every alt coin released now.
I'd also like to mention when mining LTC, SC1 and SC2 at the debut you actually GOT SOME unlike every alt coin released now.
SO exactly what do you gain from this? An epen? Messing around with peoples money? Your kids must be so proud.
Hmmm. Interesting theory. Researching now
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