3 ms·
Conversely, if these fancy chips become the standard mining kit, they will push regular hardware out even more. This means if you want to do a 51% attack there
by rmc 13y ago
Conversely, if these fancy chips become the standard mining kit, they will push regular hardware out even more. This means if you want to do a 51% attack there are much fewer individual people you need to compromise.
A 51% attack isn't based on the number of people, but based on computing power. If 30 people control 60%,then they control everything.
- cLeEOGPw 13y agoThe more miners, the bigger the double spend required to compensate attack cost, the bigger the chances of it to be noticed. I believe bitcoin is at the point where it is a financial loss to even try to compromise the network, even in case of success.