Author

Topic: Thought experiment, DDOS attack (Read 1395 times)

member
Activity: 81
Merit: 1002
It was only the wind.
February 11, 2014, 10:59:38 AM
#16
Quote
The result is that such an attack is ineffective because the pools have ddos protection. If the attack is large the pools just buy more protection. DDOS is a thing of the past.
You cannot have protection against nuke. DDoS is like nuke, if You are hiding in bunker it is only question to get bigger nuke.
Quote
DDOS protection is snake oil. It's just a new service that's being advertised with purpose to be sold for profit to computer illiterate customers. Just like antiviruses.
This.

That's true, but there comes a point where it's simply not cost-effective to build a nuke that large.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
February 11, 2014, 08:16:44 AM
#14
Nobody can DDOS that many pools over a longer period of time, especially since good pools now have DDOS protection.

Very true, kind of a nice Load Balance such as A10 AX Series that implements a series of specialized programmable ASICs to offload attack detection and prevention functions Smiley .. just lite propaganda Grin
legendary
Activity: 2674
Merit: 3000
Terminated.
February 11, 2014, 08:04:47 AM
#13
Nobody can DDOS that many pools over a longer period of time, especially since good pools now have DDOS protection.
legendary
Activity: 1512
Merit: 1049
Death to enemies!
February 11, 2014, 07:37:25 AM
#12


This would hit all the large pools Elegius, Ghash.io, btcguild, discus fish, slush, bitminter, deepbit, together these make up approx 90% of the network.

Would this reduce the hash rate enough to stop new blocks being found and undermine the strength of the network catastophically?

 Undecided

 
No. The difficulty can drop only after 2016 blocks and if DDoS attacker reduces network hash rate he will need to wait much longer than 2 week average for adjustment to take place. Meanwhile he will need to maintain DDoS for more than month. And reduced actual hash rate does not make network less secure because the attacker still need to overcome original difficulty to do 51% attack.

DDoS against pools is good to do following things:
1. Reduce rate of block creation and confirmations take much longer.
2. Price drops as people who are in bitcoin for pure speculation start panic sell.

And Bitcoin will quickly recover as soon as DDoS is over. And maintaining weeks of DDoS against several targets when the targets are smart and try to cope with that might be problematic even for NSA. They probably will do it in different way like disrupting critical network infrastructure points by router backdoors or 0-day exploits against operating systems.
Quote
In this scenario I reckon that altcoins would simply take over
Seriously? Scamcoins with 1/100 of Bitcoin network hashing power and size? I think the altcoins are permanently under attack then. And not by NSA but Thomas Nasikomo like coders with too many spare time and ability to modify some parts of Bitcoin sourcecode. And the IXCoin was not so scammy like some of the other altcoins.
Quote
The result is that such an attack is ineffective because the pools have ddos protection. If the attack is large the pools just buy more protection. DDOS is a thing of the past.
You cannot have protection against nuke. DDoS is like nuke, if You are hiding in bunker it is only question to get bigger nuke.
Quote
DDOS protection is snake oil. It's just a new service that's being advertised with purpose to be sold for profit to computer illiterate customers. Just like antiviruses.
This.
sr. member
Activity: 420
Merit: 250
February 11, 2014, 07:06:34 AM
#11
Hi All


Been thinking about possible risks to the bitcoin network and most people trump the 51% attack, although i think this is overstated.

What would happen in this scenario.

A concerted DDOS attack against all the major pools in the network, i could imagine NSA or other large organisation having the know how to coordinate this.

This would hit all the large pools Elegius, Ghash.io, btcguild, discus fish, slush, bitminter, deepbit, together these make up approx 90% of the network.

Would this reduce the hash rate enough to stop new blocks being found and undermine the strength of the network catastophically?

 Undecided

 

Most major pool are protected from DDOS.!!
member
Activity: 115
Merit: 11
February 06, 2014, 10:40:40 AM
#10
Hi All


Been thinking about possible risks to the bitcoin network and most people trump the 51% attack, although i think this is overstated.

What would happen in this scenario.

A concerted DDOS attack against all the major pools in the network, i could imagine NSA or other large organisation having the know how to coordinate this.

This would hit all the large pools Elegius, Ghash.io, btcguild, discus fish, slush, bitminter, deepbit, together these make up approx 90% of the network.

Would this reduce the hash rate enough to stop new blocks being found and undermine the strength of the network catastophically?

 Undecided

 

Your thought experiment has already been done against some alt coins. The result is that such an attack is ineffective because the pools have ddos protection. If the attack is large the pools just buy more protection. DDOS is a thing of the past.

DDOS protection is snake oil. It's just a new service that's being advertised with purpose to be sold for profit to computer illiterate customers. Just like antiviruses.
member
Activity: 84
Merit: 10
February 05, 2014, 12:46:41 AM
#9
in this scenario you should add CEX.IO also @OP
member
Activity: 84
Merit: 10
February 04, 2014, 11:03:23 PM
#8
I hope to gawrsh.  I wonder what altcoin the attacker is working for?  Bitbar?

Makes u think
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
February 04, 2014, 09:15:45 PM
#7
There are enough solo miners to sustain the network.

I think you'd see a drop in difficulty and total network hashpower but little more. Transactions would be unaffected.
sr. member
Activity: 492
Merit: 250
February 04, 2014, 06:57:20 PM
#6
Hi All


Been thinking about possible risks to the bitcoin network and most people trump the 51% attack, although i think this is overstated.

What would happen in this scenario.

A concerted DDOS attack against all the major pools in the network, i could imagine NSA or other large organisation having the know how to coordinate this.

This would hit all the large pools Elegius, Ghash.io, btcguild, discus fish, slush, bitminter, deepbit, together these make up approx 90% of the network.

Would this reduce the hash rate enough to stop new blocks being found and undermine the strength of the network catastophically?

 Undecided

 

Your thought experiment has already been done against some alt coins. The result is that such an attack is ineffective because the pools have ddos protection. If the attack is large the pools just buy more protection. DDOS is a thing of the past.
newbie
Activity: 22
Merit: 0
February 04, 2014, 05:27:35 PM
#5
I was thinking more of it happening in a couple of years when we have larger adoption and lots of merchants using btc, if an attack happened then, it would give crypto currencies across the board a massive PR nightmare.

i hope not anyway   Cheesy

Well, if there's a big acceptance of BTC by the time it ocurrs, there would be alternatives for people to go for. There would also be counter-measures against that sort of thing, I imagine (though I can't really concieve any, as i'm no expert on the matter myself)

And like Lethn said, there would be a buckload of very angry people that would track them down... And if they found them, they would be in HUGE trouble
legendary
Activity: 1540
Merit: 1000
February 04, 2014, 05:11:04 PM
#4
To be honest I think if it happened in a couple of years it would be suicide because you'd have at least several hundred thousand angry people with lots of money and hacking knowledge that will either track them down or fry their PCs lol. In regards to the 51% attack, think of something like the Zombie apocalypse, it's one of those things that people scare themselves about so much that they get as much knowledge as they can on the subject so if it ever were to actually happen they'd just crush the problem extremely quickly.
full member
Activity: 196
Merit: 100
February 04, 2014, 04:49:29 PM
#3
I was thinking more of it happening in a couple of years when we have larger adoption and lots of merchants using btc, if an attack happened then, it would give crypto currencies across the board a massive PR nightmare.

i hope not anyway   Cheesy
legendary
Activity: 1540
Merit: 1000
February 04, 2014, 04:42:56 PM
#2
In this scenario I reckon that altcoins would simply take over, you have to bear in mind whenever you think of this stuff that Bitcoin is open source, the code being duplicated is actually one of its good points which is why I suspect nobody has bothered trying anything yet, that isn't to say of course that it couldn't happen, it's just very unlikely that it will have any long term effect.
full member
Activity: 196
Merit: 100
February 04, 2014, 04:24:31 PM
#1
Hi All


Been thinking about possible risks to the bitcoin network and most people trump the 51% attack, although i think this is overstated.

What would happen in this scenario.

A concerted DDOS attack against all the major pools in the network, i could imagine NSA or other large organisation having the know how to coordinate this.

This would hit all the large pools Elegius, Ghash.io, btcguild, discus fish, slush, bitminter, deepbit, together these make up approx 90% of the network.

Would this reduce the hash rate enough to stop new blocks being found and undermine the strength of the network catastophically?

 Undecided

 
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