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Topic: PWC is killed by 51% attack - page 4. (Read 4336 times)

hero member
Activity: 714
Merit: 500
June 17, 2013, 09:51:19 AM
#5
Lol.  He has over 500,000 PWC in his wallet.

He's claiming to have more than enough hashing power than needed to 51% DGC.  Will be interesting to see what happens - but I see exchanges going bust very quickly with this going on!

I'm all for it.  I support his position but not for his reason.  His actions will weed out the weaker coins and developers.  Hazard coins will be wiped out because the developers are not skilled enough to manage their coins.  The rest will implement merge mining to secure their networks.  DGC and ARG are already implementing this.  So all in all he's making the alt network better.

He probably thinks that the recent LTC weakness is due to the alts and it clueless that its ASIC owners dumping BTC/LTC to get their hardware investment back.
hero member
Activity: 672
Merit: 501
June 17, 2013, 09:48:37 AM
#4
Say bye bye to normal miners. I have not mined shit because honestly a person with only one card aint gonna waste the time to get a return of 30 bucks a month.

Then cryptos stall. Enjoy your circle jerk trading among yourselves.
newbie
Activity: 42
Merit: 0
June 17, 2013, 09:44:34 AM
#3
Lol.  He has over 500,000 PWC in his wallet.

He's claiming to have more than enough hashing power than needed to 51% DGC.  Will be interesting to see what happens - but I see exchanges going bust very quickly with this going on!
legendary
Activity: 2940
Merit: 1090
June 17, 2013, 09:26:40 AM
#2
Well yeah that is the whole problem with blockchains, they are insanely expensive to secure.

Even with merged mining it isn't easy, without merged mining the total hashing power available gets divided too thin (so they are all jokes) or the vast majority of scamcoins are just jokes, playthings for anyone to attack at will, because only one or maybe two have enough hashpower to temporarily resist attack (until some profitability site claims some other coin is more profitable so the miners leave it to be attacked while they follow the myth of higher profits, a myth that is probably already out of date by the time they see it on a website).

-MarkM-
sr. member
Activity: 302
Merit: 250
June 17, 2013, 09:22:04 AM
#1
This explains more than all coins in existence being traded in the last two days!  PWC got killed and apparently more to follow.

https://bitcointalksearch.org/topic/51-attack-on-all-altcoins-since-feathercoin-happening-236498
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