Author

Topic: Possibility of a 51 percent attack during a US blackout? (Read 1275 times)

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!

East coast so much more than west?
Looks like New York really loves BTC.
hero member
Activity: 653
Merit: 500
full member
Activity: 154
Merit: 100
Now seriously, i always thought that one of the goals of the Bitcoin Foundation should be to close deals with maybe universities all over the world so they mantain a permanent node on, to spread even more the hashrate...

I think if bitcoin depended on such charity to survive then it wouldn't survive. It needs to survive on the basis of there being an economic motivation to run a full node and mine. And so far I think it is showing that that is the case.
sr. member
Activity: 265
Merit: 250
Honni Soit Qui Mal i Pense
I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California.
Why would you imagine this? Because of California's super cheap power rates?

Lol.

Now seriously, i always thought that one of the goals of the Bitcoin Foundation should be to close deals with maybe universities all over the world so they mantain a permanent node on, to spread even more the hashrate... Maybe im talking nonsense here... But being a foundation maybe they can benefit from grants in each country, the Unis will mine and reinvest, etc... So when Mexico invades USA the blockchain keeps stable and such. Ow, there we go again.
member
Activity: 85
Merit: 10
I doubt that Bitcoin's majority computing power is coming from US.I  really doubt.
full member
Activity: 140
Merit: 107
member
Activity: 70
Merit: 10
If someone wanted to do a 51% attack, they'd be better off doing a ddos attack against the major miners then hoping for a blackout, LOL.
legendary
Activity: 3472
Merit: 4801
I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California.

That's quite an imagination that you have there.

I would imagine most of the Bitcoin network's computing power is located on the planet of Mars.
legendary
Activity: 1512
Merit: 1012
 https://blockchain.info/fr/nodes-globe?series=onlineNow

3 locations to detroy : USA, Europe and China ... to destroy Bitcoin.
simple.

legendary
Activity: 1708
Merit: 1036
I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California.
Why would you imagine this? Because of California's super cheap power rates?

LOL; the OP speculation is way off on his assumptions.

Anyone know for a fact where the big mining farms are? I've heard Oregon, Iceland and China.
donator
Activity: 1617
Merit: 1012
I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California.
Why would you imagine this? Because of California's super cheap power rates?
NWO
sr. member
Activity: 392
Merit: 250
Are you planning something OP?  Tongue
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Kind of inspired by the other thread except this is about the Bitcoin network as a whole.

I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California.

That seems to be quite a big assumption there.
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
Kind of inspired by the other thread except this is about the Bitcoin network as a whole.

I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. If the power goes out in California and maybe just one or two other states - perhaps even for a couple of hours, wouldn't that allow for malevolent parties (who would normally lack the resources) to attack and destroy the Bitcoin network?

It has happened before:

http://en.wikipedia.org/wiki/2011_Southwest_blackout

Is it really so ? Bitcoin's majority computing power is coming from US ? I doubt... where are they from ?

1. GHash.IO

2. Discus Fish

3. BTC Guild

4. Eligius

5. Slush

hero member
Activity: 854
Merit: 500
Nope..
Only in a nuclear strike.  The power grid is set up in a complex system of redundant networks.  There are a lot bigger concerns in the event of a realization of your scenario.  Very strange question indeed.
300
member
Activity: 78
Merit: 10
Kind of inspired by the other thread except this is about the Bitcoin network as a whole.

I would imagine most of the Bitcoin network's computing power is located in the United States, and most of this is probably in California. If the power goes out in California and maybe just one or two other states - perhaps even for a couple of hours, wouldn't that allow for malevolent parties (who would normally lack the resources) to attack and destroy the Bitcoin network?

It has happened before:

http://en.wikipedia.org/wiki/2011_Southwest_blackout
Jump to: