1

I'm discovering alt-coins.

Now, I'm on piratecoin.

{
    "blocks" : 34167,
    "currentblocksize" : 1225,
    "currentblocktx" : 1,
    "difficulty" : 0.14348426,
    "errors" : "",
    "generate" : true,
    "genproclimit" : -1,
    "hashespersec" : 355,
    "networkhashps" : 11127177,
    "pooledtx" : 1,
    "testnet" : false
}

There is somehow calculated networkhashps, seems it is aproximation from difficulty, it is 11,127,177, ~ 11mh/s. I'm count on my own, 350h/s, however, cgminer show me 180Kh/s. Probably it doesn't counts in getmininginfo or recalculated somehow. Anybody?

I've seen persons with much greater speed, its called mining rig. 20-30 may be 100 GPU in a bunch.

What if such huge miner connect to such young alt-coin network, download whole of current blockchain, and start mining off-line. After 5 hours he come back to network, his blockchain will be with bigger difficulty.

Can he attack network in such way?

1

Absolutely. When a coin is secured by proof of work, if there is insufficient proof of work, the coin is not secure.

  • What kind of protection exist? I've heard about PoW, PoS, alphabet blizzard.... – user2496 Feb 4 '14 at 13:32

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.