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VelvetLeaf

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Quote from: El Cabron on July 24, 2012, 07:14:19 AM

i sent luke jr 1337 ltc to his personal wallet...

unrelated to this post but to this thread... http://pastebin.com/dNRymrae

Can I have 13.37 LTC as memorial of this major event ?

Litecoin

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Activity: 126

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Quote from: BitcoinEXpress on July 24, 2012, 02:11:27 AM

@Coblee

This isn't personal at all but your fellow miners over at BTC-E are taking on some serious Solidcoin type attitudes.

The challenge has a been made and apparently support over there was with them on it, in making a challenge that I couldn't 51% LTC.

Nothing like that to give me reason to resurrect some serious GPU hashpower, build up some EC2's (keep in mind even Coinhunter verfied I had over 700 EC2's running at the SC2 launch), connect up with some botnetter friends and bring some BTC out of USB deep freeze for fees... LOL....

This is fair warning to all.

Challenge accepted.

~BCX~

All I can say is...
The lack of attention disorder is related to autism. The disorder is common and creates problems for the community and BitcoinEXpress.
People like BCX with a lack of attention disorder are continuously restless and impulsive. You should go and find help.
When you ruin something that others have built, how does it make you feel? Proud? Like you achieved something?
Go and do something nice, decorate your house, have kids, have fun and be happy.
If you really think that you are doing the right thing. Then get a move on!

El Cabron

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Activity: 840

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Quote from: ?? on ??

Quote from: BitcoinEXpress on July 24, 2012, 02:11:27 AM

@Coblee

This isn't personal at all but your fellow miners over at BTC-E are taking on some serious Solidcoin type attitudes.

The challenge has a been made and apparently support over there was with them on it, in making a challenge that I couldn't 51% LTC.

Nothing like that to give me reason to resurrect some serious GPU hashpower, build up some EC2's (keep in mind even Coinhunter verfied I had over 700 EC2's running at the SC2 launch), connect up with some botnetter friends and bring some BTC out of USB deep freeze for fees... LOL....

This is fair warning to all.

Challenge accepted.

~BCX~

Standard shorter tactics:

   1. Badmouth the security
   2. Announce a major negative event for it
   3. Crash the price
   4. Buy a ton when it's worth nothing.

And y'all are swallowing the whole thing hook line and sinker.

yeah, i just bought everything up to .006 again. thanks for helping me get some coins!

El Cabron

vip

Activity: 840

Merit: 1000

Quote from: smoothie on July 24, 2012, 03:04:40 AM

Quote from: ?? on ??

Quote from: SuperTramp on July 24, 2012, 02:55:31 AM

Quote from: ElectricMucus on July 24, 2012, 02:51:06 AM

Quote from: SuperTramp on July 24, 2012, 02:46:24 AM

So is this possible? And if so what will happen to the ltc block chain?

It is possible to fork the chain temporary with power from amazon EC2, that would cost alot of USD to do, and it could not be sustained for a long amount of time.

The practical response would be to roll back the block chain to before the fork, resulting in all transactions and block rewards to be negated which happened after/during the event.

That said I doubt it would be worth it even if there are enough funds.

Well it sounds pretty interesting, and even a bit impressive if one person can truly pull it off. I have no vested
interest in ltc and it would be a shame to see people lose out, but as an experiment I am genuinely intrigued.

Not one person, I'll have to coordinate a few things with others. Coordination is my strength as well as having some pretty deep resources myself.

~BCX~

i.e. luke-jr

i sent luke jr 1337 ltc to his personal wallet...

unrelated to this post but to this thread... http://pastebin.com/dNRymrae

Litecoin

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Activity: 126

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Quote from: dust on July 24, 2012, 06:51:22 AM

Quote from: Litecoin on July 24, 2012, 06:27:24 AM

Quote from: dust on July 24, 2012, 05:45:22 AM

Quote from: bitlane on July 24, 2012, 04:11:55 AM

*YAWN*

Is this attack gonna start soon or not ?

I am getting really tired of generating all of these VALID Solo Mined Blocks......

Current Network Hash Rate - 267,721 KH/s ...AND GROWING.

Let's see a Bitcoin Miner 51% that...LMAO

( I will make it simply - Your 300 MH/s BTC Mining HD5830 will struggle to do 290 KH/s while LTC mining.....DO THE MATH )

700 EC2s that hash like DOG SHIT, add another 5000 GPUs (perhaps 2500x 5970s, since you are OLD school) and you MIGHT have a chance.

The GPU ec2 instance has two ~70kh/s GPUs and two ~25kh/s CPUs, for 190kh/s total. The current LTC hashrate is 234Mh/s. Assuming that BCX currently controls NONE of this power, about 1230 instances are needed, which costs between $2580/hr (on demand @ $2.10/hr ea) to $426/hr (spot instances @ $0.346/hr ea). This is also assuming that BCX has no GPUs, which is false. Under 400 7970s could 51% LTC.

An attack is certainly viable.

Unfortunately all this math is useless. Under 400 7970s could 51% LTC? Don't think that the reaper and CgMiner are the most effective ones out there.
Less hardware is needed to attack than you think.

I used pessimistic estimates as I was responding to a claim that a 51% was difficult and "700 EC2 instances ... add another 5000 GPUs ... and you MIGHT have a chance"

Of course he/she won't pull it off. LTC network is strong enough to say: "Screw you BitcoinEXpress!"
BCX you can sing about 400MH power but your sad song is not loud enough to make me dump a single Litecoin. I would rather find orphan blocks for the next 30 days than please you!

dust

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Activity: 840

Merit: 1000

Quote from: Litecoin on July 24, 2012, 06:27:24 AM

Quote from: dust on July 24, 2012, 05:45:22 AM

Quote from: bitlane on July 24, 2012, 04:11:55 AM

*YAWN*

Is this attack gonna start soon or not ?

I am getting really tired of generating all of these VALID Solo Mined Blocks......

Current Network Hash Rate - 267,721 KH/s ...AND GROWING.

Let's see a Bitcoin Miner 51% that...LMAO

( I will make it simply - Your 300 MH/s BTC Mining HD5830 will struggle to do 290 KH/s while LTC mining.....DO THE MATH )

700 EC2s that hash like DOG SHIT, add another 5000 GPUs (perhaps 2500x 5970s, since you are OLD school) and you MIGHT have a chance.

The GPU ec2 instance has two ~70kh/s GPUs and two ~25kh/s CPUs, for 190kh/s total. The current LTC hashrate is 234Mh/s. Assuming that BCX currently controls NONE of this power, about 1230 instances are needed, which costs between $2580/hr (on demand @ $2.10/hr ea) to $426/hr (spot instances @ $0.346/hr ea). This is also assuming that BCX has no GPUs, which is false. Under 400 7970s could 51% LTC.

An attack is certainly viable.

Unfortunately all this math is useless. Under 400 7970s could 51% LTC? Don't think that the reaper and CgMiner are the most effective ones out there.
Less hardware is needed to attack than you think.

I used pessimistic estimates as I was responding to a claim that a 51% was difficult and "700 EC2 instances ... add another 5000 GPUs ... and you MIGHT have a chance"

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Pics or it didnt happen

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Litecoin on July 24, 2012, 06:27:24 AM

Unfortunately all this math is useless. Under 400 7970s could 51% LTC? Don't think that the reaper and CgMiner are the most effective ones out there.
Less hardware is needed to attack than you think.

Conjecture presented as a fact.

Talk is cheap, show me the code.
-Linus Torvalds

Litecoin

full member

Activity: 126

Merit: 100

Quote from: dust on July 24, 2012, 05:45:22 AM

Quote from: bitlane on July 24, 2012, 04:11:55 AM

*YAWN*

Is this attack gonna start soon or not ?

I am getting really tired of generating all of these VALID Solo Mined Blocks......

Current Network Hash Rate - 267,721 KH/s ...AND GROWING.

Let's see a Bitcoin Miner 51% that...LMAO

( I will make it simply - Your 300 MH/s BTC Mining HD5830 will struggle to do 290 KH/s while LTC mining.....DO THE MATH )

700 EC2s that hash like DOG SHIT, add another 5000 GPUs (perhaps 2500x 5970s, since you are OLD school) and you MIGHT have a chance.

The GPU ec2 instance has two ~70kh/s GPUs and two ~25kh/s CPUs, for 190kh/s total. The current LTC hashrate is 234Mh/s. Assuming that BCX currently controls NONE of this power, about 1230 instances are needed, which costs between $2580/hr (on demand @ $2.10/hr ea) to $426/hr (spot instances @ $0.346/hr ea). This is also assuming that BCX has no GPUs, which is false. Under 400 7970s could 51% LTC.

An attack is certainly viable.

Unfortunately all this math is useless. Under 400 7970s could 51% LTC? Don't think that the reaper and CgMiner are the most effective ones out there.
Less hardware is needed to attack than you think.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

How about people blocking amazon ec2 traffic.

It's war after all.

Also for even a simple fork 120 confirmations are needed, double that and you are at 10 hours minimum, and that with 50% chance of success,

dust

hero member

Activity: 840

Merit: 1000

Quote from: bitlane on July 24, 2012, 04:11:55 AM

*YAWN*

Is this attack gonna start soon or not ?

I am getting really tired of generating all of these VALID Solo Mined Blocks......

Current Network Hash Rate - 267,721 KH/s ...AND GROWING.

Let's see a Bitcoin Miner 51% that...LMAO

( I will make it simply - Your 300 MH/s BTC Mining HD5830 will struggle to do 290 KH/s while LTC mining.....DO THE MATH )

700 EC2s that hash like DOG SHIT, add another 5000 GPUs (perhaps 2500x 5970s, since you are OLD school) and you MIGHT have a chance.

The GPU ec2 instance has two ~70kh/s GPUs and two ~25kh/s CPUs, for 190kh/s total. The current LTC hashrate is 234Mh/s. Assuming that BCX currently controls NONE of this power, about 1230 instances are needed, which costs between $2580/hr (on demand @ $2.10/hr ea) to $426/hr (spot instances @ $0.346/hr ea). This is also assuming that BCX has no GPUs, which is false. Under 400 7970s could 51% LTC.

An attack is certainly viable.

The Koolio

hero member

Activity: 560

Merit: 500

Minds are like parachutes they work best when open

Quote from: bitlane on July 24, 2012, 04:26:01 AM

THREAT OF ATTACK WAS TO CAUSE PANIC AND PRICE CRASH, LEAVING CHEAP BUY ORDERS TO BE FILLED.

...and NOTHING more. He simply CAN NOT pull it off.

Bitlane +1

I think you hit it right on the spot there, I dont think he'd be able to pull it off now with network hash at what it is... it must have been an attempt to lower the price. I wouldnt be suprised if the recent attacks on pools was these guys though, seems that their shitty resources are only capable at bringing one or two sites down...

We need to bring in the btc/ltc police and give these guys the death sentence for talking absolute poo-poo.

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

so now the arguments against ltc phase starts.

*dingg*

ROUND 2

DutchBrat

hero member

Activity: 868

Merit: 1000

Meanwhile: a 51% attack will drive up difficulty through the roof

Once BTCXpress is done proving his point we are stuck with a high difficulty

People will lose interest and it will take weeks to get difficulty back down

Take a look at what happened to NMC last year, as soon as it became profitable to mine vs BTC difficulty would skyrocket... leaving regular NMC miners with the aftermath

Took 10 weeks to get through the next block-cycle last 2016 blocks before merged mining....

Just saying....

n4l3hp

full member

Activity: 173

Merit: 100

God help us, immature guys teaching kids a lesson.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: VelvetLeaf on July 24, 2012, 04:24:42 AM

Very interesting. One of these things will happen :

1. Attack is not successful but people will continue to sell many litecoins at cheap price now due to panic selling.
People that have BTC stock will buy loads of them because it's very cheap

2. Attack is successful.
A brand new alt coin will be created somewhere around October - December with promise to deal with this 10% attack.

3. People will switch to solo mining to protect the network
This will cause uncertainity, because you'll see Unknown suddenly has big hash power.
You don't know whether it's btc's buddy or people that protect litecoin network.

4. Trade will be stopped momentarily.
People will choose to wait and see, some will switch back to mine bitcoin, litecoin network will lose a lot of hash power.

5. People that invest and have bought many litecoin or people that still mine bitcoin with GPU and plan to switch in October will choose to protect the network.
Hash power will be bigger than before, and will strengthen the network even more.

6. Profit

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

THREAT OF ATTACK WAS TO CAUSE PANIC AND PRICE CRASH, LEAVING CHEAP BUY ORDERS TO BE FILLED.

...and NOTHING more. He simply CAN NOT pull it off.

VelvetLeaf

member

Activity: 98

Merit: 10

Very interesting. One of these things will happen :

1. Attack is not successful but people will continue to sell many litecoins at cheap price now due to panic selling.
People that have BTC stock will buy loads of them because it's very cheap

2. Attack is successful.
A brand new alt coin will be created somewhere around October - December with promise to deal with this 10% attack.

3. People will switch to solo mining to protect the network
This will cause uncertainity, because you'll see Unknown suddenly has big hash power.
You don't know whether it's btc's buddy or people that protect litecoin network.

4. Trade will be stopped momentarily.
People will choose to wait and see, some will switch back to mine bitcoin, litecoin network will lose a lot of hash power.

5. People that invest and have bought many litecoin or people that still mine bitcoin with GPU and plan to switch in October will choose to protect the network.
Hash power will be bigger than before, and will strengthen the network even more.

disclaimer201

legendary

Activity: 1526

Merit: 1001

Quote from: Tittiez on July 24, 2012, 03:59:07 AM

https://btc-e.com/exchange/ltc_btc

Crash

Thank you for the buying opportunity.

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

*YAWN*

Is this attack gonna start soon or not ?

I am getting really tired of generating all of these VALID Solo Mined Blocks......

Current Network Hash Rate - 267,721 KH/s ...AND GROWING.

Let's see a Bitcoin Miner 51% that...LMAO

( I will make it simply - Your 300 MH/s BTC Mining HD5830 will struggle to do 290 KH/s while LTC mining.....DO THE MATH )

700 EC2s that hash like DOG SHIT, add another 5000 GPUs (perhaps 2500x 5970s, since you are OLD school) and you MIGHT have a chance.

Topic: deleted - page 11. (Read 22118 times)