3 ms·
Even if you cannot conveniently rent the required hardware from a provider, it still seems rather concerning that behemoths like Ethereum could be brought down
by osigurdson 5y ago
Even if you cannot conveniently rent the required hardware from a provider, it still seems rather concerning that behemoths like Ethereum could be brought down rather easily with an investment of a few million dollars (especially by government actors for example).
Perhaps I misunderstand the table in the article or the impact of a 51% attack however.
- Taek 5y agoIt can't, this website is crap. Getting control of enough hardware to successfully attack Ethereum is going to be a multi billion dollar ordeal, and probably take 6+ months.
- bottled_poe 5y agoThose are some big claims without a shred of supporting evidence.
- murtnowski 5y agoGovernment actor says hold my beer
- hutrdvnj 5y agoLet's assume your estimate is correct. Then this is still very possible for government or Elon Musk.
- landemva 5y agoFor chains that have a broad adoption of validating nodes often called full nodes (check validity of produced blocks but not mining), a 51% attack is not enough because the bad blocks would not widely propagate. The bad blocks would be ignored. This is why a reasonable size of the state, to allow many many to have affordable nodes which validate and check the rules, is so important. These are not the so-called miners, yet they are critical for the integrity of these distributed systems for preventing nation-state attacks.
- lostmsu 5y agoThey could not. Rent price on NiceHash is a market price. Even if it is not, when you'd try to buy the remaining 44% you'd have to turn to the market. Do you know what happens to the market price of something when you try to buy half of the worldwide supply?