51% could of happen about a week or two ago. The biggest pool gnash.io
( https://blockchain.info/pools?timespan=4days ) could of done that if wanted, they are smart and went opposite way - not exploiting this vulnerability.
If interested you can read a bit more here http://arxiv.org/abs/1311.0243
BTC guild is next biggest pool… basically once some one reaches certain computing power they could of employ this.
As other mates suggested it would be very unwise to exploit it, as it would end BTC on the spot, imho.
Topic: Do you think another 51% attack will happen? - page 2. (Read 1404 times)
Gnash.io came close by almost having 51% of bitcoins mining power in their pool but they've said they're putting measures in place to make sure it never reaches 51%. If it was a more unscrupulous group then maybe things could have gone badly but who knows if it will happen in future. Remember that if someone does do it, their own bitcoins would likely become worthless too.
Almost coming close to controlling 51% of the hashing power for a short time is not an "attack".
If they were unscrupulous, it is rather likely that many miners would quickly leave the pool and they would then drop back to a lower percentage of the network hashing power.
During that short amount of time that they could have unscrupulously controlled 51% of the hashing power, what unscrupulous thing exactly do you think they might have done?
Gnash.io came close by almost having 51% of bitcoins mining power in their pool but they've said they're putting measures in place to make sure it never reaches 51%. If it was a more unscrupulous group then maybe things could have gone badly but who knows if it will happen in future. Remember that if someone does do it, their own bitcoins would likely become worthless too.
Apparently I wasn't paying attention. When was the previous attack?
Exactly - there has not been such an attack on Bitcoin (only 1 alt I think has been attacked in this way).
Another?
Apparently I wasn't paying attention. When was the previous attack?
Apparently I wasn't paying attention. When was the previous attack?
Not going to happen, mate
But if it did, expect mass migration to other alts...
But if it did, expect mass migration to other alts...
Like when the big money starts to get involved do you think the chances are it will happen again and at a much larger scale?
If it does do you think people might migrate to other alts or other types of coins like peercoin?
If it does do you think people might migrate to other alts or other types of coins like peercoin?
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