Note that OPs can move their own topics. Also, I'd recommend reading up on 51% attack in the wiki or the technical section of the forum.
Topic: What (exactly) is required for a 51% attack? (Read 712 times)
This does not belong in "Speculation." Please move it to a more appropriate section of the forum. Note that OPs can move their own topics.
Also, I'd recommend reading up on 51% attack in the wiki or the technical section of the forum.
Note that OPs can move their own topics. Also, I'd recommend reading up on 51% attack in the wiki or the technical section of the forum.
Blocks in a row are irrelevant. To double spend you need to rewrite history . Which means mining ahead of the network, then spending, then releasing your mined blocks.
I am sure there is stuff about this on the wiki .
I am sure there is stuff about this on the wiki .
I've read a lot of speculation about the 51% attack but a recent bit of FUD made me reconsider.
For your consideration: http://www.youtube.com/watch?v=h2u3BNiANVA skip to around 3:40 for the juicy part.
Basically he is saying that any entity with roughly 35% of the network could reasonably expect to be able to perform a 51% attack within 7-10 days...
I thought this was nuts. no chance. so I went and checked the last 100 transactions at btc guild and boom, 6 blocks in a row (233302-233307 check it yourself)
since you can currently spend bitcoin after 6 confirmations, does that mean that creating the last 6 blocks allows you to double-spend?
what exactly is required to perform a "51%" attack?
For your consideration: http://www.youtube.com/watch?v=h2u3BNiANVA skip to around 3:40 for the juicy part.
Basically he is saying that any entity with roughly 35% of the network could reasonably expect to be able to perform a 51% attack within 7-10 days...
I thought this was nuts. no chance. so I went and checked the last 100 transactions at btc guild and boom, 6 blocks in a row (233302-233307 check it yourself)
since you can currently spend bitcoin after 6 confirmations, does that mean that creating the last 6 blocks allows you to double-spend?
what exactly is required to perform a "51%" attack?
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