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Topic: What is a 51% Attack in Cryptocurrency? Explained W/ Bitcoin & Zen Double Spend (Read 129 times)

sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Again my favorite one Crypto channel, I always watching your channel. But this time I was on vacation, and my internet connection isn't fast enough for streaming your new videos.  Cheesy

Yeah, basically it was a bit impossible 51% attack happened on major coins (at least nowadays) with a lot of spread miners, but what impossible on this earth, right? It was quite hard for personal miner nor even pools to reach more than 50% of Global Hashrate on the major coins network (that was an expensive thing to do)

Just for example :  https://www.crypto51.app/

There you can look for  a collection of coins and the theoretical cost of a 51% attack on each network !

The big four only available under 15% (on NicaHash). Will be better to do solo mining instead of Attacking the network  Grin. IMHO That was a good reference, by the way.  Wink

haha thanks my friend thats a big compliment, happy you enjoy my work! Hope the vacation was great Cheesy

Unfortunately it can still be extremely lucrative to attack the smaller coins, even ZenCash which is not even a top 100 crypto on CMC netted them over $600,000 USD
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
All POW Coins can be affected  of an 51% Attack ! 
There are Sites you can look what it will be cost for do an Attack on an Coin !

Just for example :  https://www.crypto51.app/

There you can look for  a collection of coins and the theoretical cost of a 51% attack on each network !

I dont advert for this Site or for 51% Attacks , i just wanted to let you know how easy it will be to get an Attack on an Coin ! 


Regards Lafu

Yeah when it is broken down so simply on that site (doesn't include ALL factors but a decent baseline) it is . . quite alarming Huh
sr. member
Activity: 588
Merit: 272
⭐⭐⭐⭐⭐
Again my favorite one Crypto channel, I always watching your channel. But this time I was on vacation, and my internet connection isn't fast enough for streaming your new videos.  Cheesy

Yeah, basically it was a bit impossible 51% attack happened on major coins (at least nowadays) with a lot of spread miners, but what impossible on this earth, right? It was quite hard for personal miner nor even pools to reach more than 50% of Global Hashrate on the major coins network (that was an expensive thing to do)

Just for example :  https://www.crypto51.app/

There you can look for  a collection of coins and the theoretical cost of a 51% attack on each network !

The big four only available under 15% (on NicaHash). Will be better to do solo mining instead of Attacking the network  Grin. IMHO That was a good reference, by the way.  Wink
legendary
Activity: 3178
Merit: 3295
All POW Coins can be affected  of an 51% Attack ! 
There are Sites you can look what it will be cost for do an Attack on an Coin !

Just for example :  https://www.crypto51.app/

There you can look for  a collection of coins and the theoretical cost of a 51% attack on each network !

I dont advert for this Site or for 51% Attacks , i just wanted to let you know how easy it will be to get an Attack on an Coin ! 


Regards Lafu
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
What is a 51% attack and why is it only possible with Proof-Of-Work cryptocurrencies like Bitcoin and ZenCash? Lets review how all PoW coins can be the victim of a double spend hack and how much money it would take to attempt this hack which just generated over a half of million dollars for the attack.

https://youtu.be/c64ckAgR4yM


Consider supporting your favorite crypto PoW network yourself!
Mining Rig parts on Amazon - http://geni.us/PTwg
Rx570 - http://geni.us/olyaM 1080 TI - http://geni.us/1Xwrib

ZenCash Statement on Double Spend Attack - http://bit.ly/2yfeTsC
Coinmonks explain Bitcoin 51% Attack - http://bit.ly/2t0i5Dx
Bitcoin Gold 51% attack / double spend hack - http://bit.ly/2K1oCY8
Palm Beach Research "ZenCash out of thin air" - http://bit.ly/2JV3DGu
ZenCash livestream on 51% attack + solutions - http://bit.ly/2t3Bu6w
51% attack explained w/ longest chain ETH - http://bit.ly/2ld9c50
ZenCash Zen subreddit post on 51% attack - http://bit.ly/2M0rjXg
51% attack cost & price estimator for coins - http://bit.ly/2HYxcSl


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