One miner on terracoins have 51%+ power

meebs

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Quote from: crazy_rabbit on March 12, 2013, 06:54:36 PM

Quote from: coinotron on March 12, 2013, 03:23:04 PM

Quote from: ehoffman on March 12, 2013, 07:20:58 AM

One miner on terracoins have 51%+ power

As of now, global hash rate is 51.4270GH/s
One miner, on Coinotron is hashing at a rate of 45.813GH/s

Is it bad? Probably he's not malicious, but he could if he wanted...

Edit: Ah, he just left!

Actually his max hashrate was ca. 130 GH

An ASIC perhaps? That would be interesting to see! Testing an ASIC on TRC. :-)

I'd do it if i had an ASIC... those things would be one big alt coin vacuum! just mine different coins for 30 minutes here and there and get the equivalent of what i'd get in a day at 2.6 ghash.

crazy_rabbit

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Quote from: iCEBREAKER on March 12, 2013, 07:17:28 PM

Quote from: crazy_rabbit on March 12, 2013, 07:08:38 PM

I like how that sounds "VGA MINER". :-)

Watch out, I'm using my mighty TRIDENT 1024 to fork TC. Cheesy

Shit! I'm turning on my Amiga to support the chain!

iCEBREAKER

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Quote from: crazy_rabbit on March 12, 2013, 07:08:38 PM

I like how that sounds "VGA MINER". :-)

Watch out, I'm using my mighty TRIDENT 1024 to fork TC. Cheesy

flound1129

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Quote from: ehoffman on March 12, 2013, 07:20:58 AM

One miner on terracoins have 51%+ power

As of now, global hash rate is 51.4270GH/s
One miner, on Coinotron is hashing at a rate of 45.813GH/s

Is it bad? Probably he's not malicious, but he could if he wanted...

Edit: Ah, he just left!

Hmm that must be who was driving up the difficulty...

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: conspirosphere.tk on March 12, 2013, 07:08:03 PM

Quote from: crazy_rabbit on March 12, 2013, 06:54:36 PM

An ASIC perhaps? That would be interesting to see! Testing an ASIC on TRC. :-)

A large vga miner seems more likely. But I suppose that an ASIC built for BTC could mine TRC too.
BTW: today I moved all my 5 Radeons to mine TRC, and I like it.
http://pool.bitcoinreactor.com/balance/trc/12cye5Upd9zSnqt8wGn1q1dRoYbE7DfzsS/view/

I like how that sounds "VGA MINER". :-)

conspirosphere.tk

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Quote from: crazy_rabbit on March 12, 2013, 06:54:36 PM

An ASIC perhaps? That would be interesting to see! Testing an ASIC on TRC. :-)

A large vga miner seems more likely. But I suppose that an ASIC built for BTC could mine TRC too.
BTW: today I moved all my 5 Radeons to mine TRC, and I like it.
http://pool.bitcoinreactor.com/balance/trc/12cye5Upd9zSnqt8wGn1q1dRoYbE7DfzsS/view/

https://vircurex.com/orders?alt=trc&base=btc

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: coinotron on March 12, 2013, 03:23:04 PM

Quote from: ehoffman on March 12, 2013, 07:20:58 AM

One miner on terracoins have 51%+ power

As of now, global hash rate is 51.4270GH/s
One miner, on Coinotron is hashing at a rate of 45.813GH/s

Is it bad? Probably he's not malicious, but he could if he wanted...

Edit: Ah, he just left!

Actually his max hashrate was ca. 130 GH

An ASIC perhaps? That would be interesting to see! Testing an ASIC on TRC. :-)

coinotron

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Quote from: ehoffman on March 12, 2013, 07:20:58 AM

One miner on terracoins have 51%+ power

As of now, global hash rate is 51.4270GH/s
One miner, on Coinotron is hashing at a rate of 45.813GH/s

Is it bad? Probably he's not malicious, but he could if he wanted...

Edit: Ah, he just left!

Actually his max hashrate was ca. 130 GH

crazy_rabbit

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Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Maybe someone testing out their new asic? Roll Eyes

EDIT: All of TRC so far is worth only a few BTC, so it's not a problem- yet of course. For a big chunk of time at the start of LTC one miner had more then 51% of the network and that turned out okay. I suspect they see a chance to plow it for a few days and then go back to their normal business and save what they made till it's worth more. It they were trying to 51% the network, (which they aren't) you wouldn't see them on our network. They would be grinding away in private to outrun the main chain. Here they are on Coinotron- which means they are actually SECURING the network.

ehoffman

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I messed up, it was terracoins... I adjusted original post...

rupertbg

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well unless they freely trade their coins wouldn't it just end up with the ppcoin economy collapsing as users would just go elsewhere?

ehoffman

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One miner on terracoins have 51%+ power

As of now, global hash rate is 51.4270GH/s
One miner, on Coinotron is hashing at a rate of 45.813GH/s

Is it bad? Probably he's not malicious, but he could if he wanted...

Edit: Ah, he just left!

Topic: One miner on terracoins have 51%+ power (Read 1146 times)