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Couldn't another response to someone attacking with 51% mining be to physically destroy their hardware? The Kuwait oil fires were a result of someone wanting to
by castratikron 9y ago
Couldn't another response to someone attacking with 51% mining be to physically destroy their hardware? The Kuwait oil fires were a result of someone wanting to limit control of wealth production.
- Mtinie 9y ago> Couldn't another response to someone attacking with 51% mining be to physically destroy their hardware? Sure, if you can identify the location of the hardware and you happen to be a sovereign nation that can field the matériel required, who also doesn't have a problem instigating an international incident. Now, if you're a single entity or a cartel of entities with the financial and technical resources to launch a majority of hash rate attack, you'll have considered what vectors a counter-attacker would attempt to come at you with. For example, I expect the (simplistic) response to the hypothetical risk vector of "a physical assault on our mining hardware" to be migrated by distributing hardware across a number of data centers and pooling mining computations. Solved blocks are then propagated to the network through a single, obfuscated network node.
- tuxxy 9y agoThe idea of a dystopian government/force performing search and destroy operations on cryptocurrency miners sounds like a refreshingly novel idea for cyberpunk/sci-fi fiction writers.