Bitcoin is dying, 43% of hashrate, that means someone is very close to being able to do the 51% attack, and Control bitcoin.
Bitcoin is dead.
Topic: Is anyone else concerned that 43% of the hashrate is from an unknown source? - page 2. (Read 5134 times)
May 09, 2014, 10:05:08 AM
May 09, 2014, 09:02:12 AM
Don't panic it's just Asicminer getting ready to play!
May 09, 2014, 05:33:15 AM
May be aliens just decided to change their own currency for bitcoin.. 
Wait for more, i believe it's just the beginning
Wait for more, i believe it's just the beginningAre you sure it was Bitcoin and not 'North Korea Coin'?
May 09, 2014, 05:22:01 AM
May be aliens just decided to change their own currency for bitcoin.. Wait for more, i believe it's just the beginning
Wait for more, i believe it's just the beginning 
May 09, 2014, 05:14:27 AM
for those skipping 3 pages of waffle
in short the 'unknown' IS multiple sources that are not linked together via mining, but just put into one category on the piechart.
in short the 'unknown' IS multiple sources that are not linked together via mining, but just put into one category on the piechart.
May 09, 2014, 05:04:01 AM
You know, even if one entity had 43% of the hashrate, I wouldn't be too worried.
If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.
If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.
Yep. A 51% attack would just kill the trust in BTC and will take the value down to zero and the attacker would have all the BTC for himself that have ZERO value.
April 02, 2014, 11:39:02 PM
You know, even if one entity had 43% of the hashrate, I wouldn't be too worried.
If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.
If I had that, I wouldn't even think of doing any sort of attack and jeopardizing my potential 3600 * 43% = 1548 BTC per day.
April 02, 2014, 06:00:33 PM
This feels like ghash.io all over again, except this time there's not even a face on the potential threat..
Looks like Andreas Antonopolis is on permanent amber alet for FUD spreading Bitcointalk threads now since the whole malliability thing.
Within minutes of this thread appearing there's now a remark in red on the graph saying:
A large portion of Unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.
LoL !! I can just see him with his head in his hands in despair - oh jeez, another b.s. fud spreading Bitcointalk thread. Better go and do necessaries...
I didn't say that anyone was attacking the fucking network :/
I'm sure that the unknown hashrate is from several sources. Notice I did say "potential". For all I know, the NSA has contracted a chip foundry to build them their own ASICs. Is that pretty far fetched? You bet, very. Impossible? No.
Just pointing out that a month ago we had a pretty good idea where 80% of the network resided, now we for sure about barely half.
I was hoping that a few posts in this thread may shed some light on it, and it has, a bit. We at least know where 2PH is coming from...
April 02, 2014, 05:58:29 PM
Don't forget the Swedes
April 02, 2014, 04:01:56 PM
This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.
http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild. http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
MegaBigPower 500,921.75 GH/s
Looks like megabigpower is doing a withholding attack against BTCGuild
#5 ranked with most shares
Nowhere to be seen in the blocks found top list.
https://www.btcguild.com/index.php?page=rankings§ion=teams
Indeed it looks like withholding attack,
seems like a huge thing
We are at 2 PH
April 02, 2014, 03:57:12 PM
This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.
http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild. http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
MegaBigPower 500,921.75 GH/s
Yes, but this should account for only a fraction of his hashrate. That's "only" around 1% of the current total network hashrate.
April 02, 2014, 03:53:52 PM
This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.
http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild. http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
MegaBigPower 500,921.75 GH/s
Looks like megabigpower is doing a withholding attack against BTCGuild
#5 ranked with most shares
Nowhere to be seen in the blocks found top list.
https://www.btcguild.com/index.php?page=rankings§ion=teams
Indeed it looks like withholding attack,
seems like a huge thing
April 02, 2014, 03:08:25 PM
This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.
http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild. http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
MegaBigPower 500,921.75 GH/s
Looks like megabigpower is doing a withholding attack against BTCGuild
#5 ranked with most shares
Nowhere to be seen in the blocks found top list.
https://www.btcguild.com/index.php?page=rankings§ion=teams
April 02, 2014, 02:23:45 PM
This feels like ghash.io all over again, except this time there's not even a face on the potential threat..
Looks like Andreas Antonopolis is on permanent amber alet for FUD spreading Bitcointalk threads now since the whole malliability thing.
Within minutes of this thread appearing there's now a remark in red on the graph saying:
A large portion of Unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.
LoL !! I can just see him with his head in his hands in despair - oh jeez, another b.s. fud spreading Bitcointalk thread. Better go and do necessaries...
Yeah I bet Andreas reads every single bct post.
April 02, 2014, 02:20:12 PM
Oops, sorry guys. I was playing around with my settings and accidently super-duper-turbo-charged my miner...I'll go ahead and turn it down.
Thanks! You almost attacked us all.
April 02, 2014, 02:11:47 PM
This feels like ghash.io all over again, except this time there's not even a face on the potential threat..
Looks like Andreas Antonopolis is on permanent amber alet for FUD spreading Bitcointalk threads now since the whole malliability thing.
Within minutes of this thread appearing there's now a remark in red on the graph saying:
A large portion of Unknown blocks does not mean an attack on the network, it simply means we have been unable to determine the origin.
LoL !! I can just see him with his head in his hands in despair - oh jeez, another b.s. fud spreading Bitcointalk thread. Better go and do necessaries...
April 02, 2014, 01:43:22 PM
April 02, 2014, 12:38:39 PM
This Dave Carlson guy produces probably close to 10% of the unknown hashrate. So I wouldn't be that worried yet.
http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
Dave carlson mines with BTCguild. http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/
MegaBigPower 500,921.75 GH/s
April 02, 2014, 12:33:04 PM
Oh no! A fifty-one percent attack is imminent!
April 02, 2014, 11:42:16 AM
Who cares. It's not one group/company/person. Even if it was, they'd be losing money with the prices where they are right now unless they are getting free electricity.
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