Litecoin 51% attacked? - page 2. | Bitcointalksearch.org

ThiagoCMC

legendary

Activity: 1204

Merit: 1000

฿itcoin: Currency of Resistance!

Quote from: CoinHunter on December 02, 2011, 06:31:10 PM

There was some discussion recently about Litecoin having a "dark pool" with about 55% of the network mining power. Coblee is aware of it and seems to be hiding the fact this imminent 51% threat exists to Litecoin.

It is possible this dark pool already done multiple 51% attacks as they seem to be continually stopping their mining and "doing something else for an hour or so" before resuming. Hopefully someone is monitoring the reorgs which have been occurring and determining if anyone is actually losing Bitcoins on the exchanges.

Have you ever noticed that when you speak, it seems a politician?!
That is, a card-carrying liar who speaks beautiful but, in reality, is a bastard...
CH, you have no credit.
Get out with your centralized-pseudo-cryptocurrency called shitcoin.

coblee

donator

Activity: 1654

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Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: BigCpuMiner on December 06, 2011, 07:01:29 PM

Quote from: coblee on December 06, 2011, 06:53:34 PM

Do you mind telling us how much hashing power you have?

I don't calculate how much hashes I produce, I am just mining, sorry

Well, do you mind saying on average how many litecoins you make a day? We could work out the hashrate from that.

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: johnj on December 06, 2011, 07:24:21 PM

Quote from: BigCpuMiner on December 06, 2011, 07:01:29 PM

I don't calculate how much hashes I produce, I am just mining, sorry

His username + his posts + the fact no one ever fibs on the internet

Seems legit.

Yes! And I have a badge "trust me"!

johnj

full member

Activity: 154

Merit: 100

Quote from: BigCpuMiner on December 06, 2011, 07:01:29 PM

I don't calculate how much hashes I produce, I am just mining, sorry

His username + his posts + the fact no one ever fibs on the internet

Seems legit.

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: coblee on December 06, 2011, 06:53:34 PM

Do you mind telling us how much hashing power you have?

I don't calculate how much hashes I produce, I am just mining, sorry

coblee

donator

Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: BigCpuMiner on December 06, 2011, 06:39:32 PM

Quote from: Ahimoth on December 04, 2011, 12:29:30 AM

If you look at last week's LTC chain data, you will see that about 5 out of every 10 blocks had the same address for the generate. This means someone is running a custom miner or daemon, and controls a very large chunk of the mining power.

For your reference:
http://blockexplorer.sytes.net/address/LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8

I guess it is me.

Do you mind telling us how much hashing power you have?

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: coblee on December 02, 2011, 07:35:27 PM

If a botnet pool has 51% of the hashing power, they can generate half of the total coins. That's 14,400 litecoins a day or 76 bitcoins a day. If they can make that much legitimately, why risk it with a double spend attack that would likely kill your source of daily income. 550 btc is not worth it from the perspective.

You right about daily income.

BigCpuMiner

newbie

Activity: 23

Merit: 0

Quote from: Ahimoth on December 04, 2011, 12:29:30 AM

If you look at last week's LTC chain data, you will see that about 5 out of every 10 blocks had the same address for the generate. This means someone is running a custom miner or daemon, and controls a very large chunk of the mining power.

For your reference:
http://blockexplorer.sytes.net/address/LSQAz3zmxfKAEPZJd9693Udrg19gEidHs8

I guess it is me.

LoupGaroux

sr. member

Activity: 574

Merit: 250

Blah, blah, blah, MY COIN IS SAFE AND THE BEST, blah, blah, blah...

Hey, CH and all your equally offensive trollish sock-puppets? Nobody gives a damn about your thoughts or fears or public safety announcements. Really, what you have to say, and your heartfelt concern for our best interests doesn't matter a single goddamn to anyone on this board other than those same sycophantic brown nosers who adore you in your own world. Take your concern, your horseshit, your noise and your predilection for self-aggrandizement back over to your little warped fantasy world and leave the grown-ups alone. You are an irritating little bitch who makes way too much noise.

You are as lame at FUD as you are at coding and promoting your shortbus-coin. Which is to say utterly and completely.

Explodicle

hero member

Activity: 950

Merit: 1001

I'm going to replace my original offer with something even more appealing, since I find complete bullshit so intolerable.

10 BTC says no 51% attack on Litecoin by 2012-01-01, 00:00:00 UTC.

CoinHunter - if you think a longer period would be fair for 50/50 odds, or we should stick with January 1st but have a more fair ratio than 50/50, I'm all ears. You can make money off us decentralized currency suckers and exchange it right back to SC before your victory!

Edit - I have joined the main bet here:
https://bitcointalksearch.org/topic/m.642542

localhost

sr. member

Activity: 392

Merit: 250

Quote from: k9quaint on December 04, 2011, 11:42:42 AM

Quote from: CoinHunter on December 04, 2011, 07:06:38 AM

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

By "unheard of" you mean that SC keeps tabs on all the peasant nodes and Bitcoin uses pools because the difficulty is so high.
In Litecoin the nodes are not unknown, they are just unaffiliated. That is actually the goal by the way, to have a high percentage of hashing power not under the control of a single person.

That sums it up pretty well.
On a side note, I'm doing like 2-3 transactions per day and didn't notice any issue with them yet, so doesn't look like a silent sneaky 50%+1 attack is going on, as far as I can see.

Nachtwind

hero member

Activity: 700

Merit: 507

Quote from: steelhouse on December 04, 2011, 04:40:42 PM

I don't know about litecoin, but I have mined about 10 blocks of ioc and none have shown up in my wallet. The connections drop from 3 then rise to 8 as a fluctuation.

Umm... yes. That is LTC related. No?

steelhouse

hero member

Activity: 717

Merit: 501

I don't know about litecoin, but I have mined about 10 blocks of ioc and none have shown up in my wallet. The connections drop from 3 then rise to 8 as a fluctuation.

Nachtwind

hero member

Activity: 700

Merit: 507

Quote from: CoinHunter on December 04, 2011, 07:06:38 AM

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

If i remember correctly the "dick" had an almost equal level of dominance on SC2 until it got turned off/went away/wasnt payed any longer.

Might ask, why went it away? Didnt you need it botnet any more to keep the price stable at the subsiedy cut? Its dissapearance was yet another nice coincidence, wasnt it? It left after SC was changed to 5CPB... all those mysteries arround that Scamcoin are also dead obvious and if true something never happened and far worse than a possible 51% attack..

k9quaint

legendary

Activity: 1190

Merit: 1000

Quote from: CoinHunter on December 04, 2011, 07:06:38 AM

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

By "unheard of" you mean that SC keeps tabs on all the peasant nodes and Bitcoin uses pools because the difficulty is so high.
In Litecoin the nodes are not unknown, they are just unaffiliated. That is actually the goal by the way, to have a high percentage of hashing power not under the control of a single person.

sd

hero member

Activity: 730

Merit: 500

Quote from: terrytibbs on December 04, 2011, 07:28:47 AM

Quote from: CoinHunter on December 04, 2011, 07:06:38 AM

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

Unheard of because it isn't feasible to solo-mine in most other chains.

Also pools suck. They centralize what should not be centralized, they suffer DDOS attacks, and they crash. They might be useful for BitCoin but they serve little purpose for LiteCoin at the current difficulty. I don't see why anyone would want to use a pool for LiteCoin mining unless they had very old computers and could not afford cheap cpu/mainboard/memory upgrades.

My CPU power isn't great but I solo mine. I'm not part of some evil-pool.

makomk

hero member

Activity: 686

Merit: 564

Quote from: CoinHunter on December 04, 2011, 07:06:38 AM

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

I'm pretty sure that Solidcoin hovered around that percentage for some time after the release of 2.02, before the extra mining power disappeared as mysteriously as it appeared...

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: CoinHunter on December 04, 2011, 07:06:38 AM

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

Unheard of because it isn't feasible to solo-mine in most other chains.

CoinHunter

sr. member

Activity: 252

Merit: 251

The unknown part of the litecoin mining power is still at 80% . This kind of "unknown" amount mining a coin is quite unheard of. The fact some people here laugh it off like it's nothing to worry about it is quite concerning.

makomk

hero member

Activity: 686

Merit: 564

Quote from: gmaxwell on December 04, 2011, 02:31:01 AM

That addressed solved 582 out of 3020 blocks. A far cry from 5 out of 10. As far as custom— it looks like the coinbaser patch from bitcoin.

If you look at their payments, they sure look like pool payouts. Anyone mining on a pool with about 20% of the hash power care to look and confirm that your inputs came from that address and identify the pool for us?

Actually, it's most likely a pool that's using PoolserverJ's recently-added Litecoin and workmaker support. Both features have been available for about a month now and I doubt that shads would have implemented Litecoin support if he didn't expect someone to use it. It probably doesn't even require any client patch, depending on how up to date the official Litecoin client is.

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