All Questions
Tagged with majority-attack mining-profitability
7 questions
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Miners forego revenue in order to 51% attack the Bitcoin protocol by rejecting blocks
I was recently listening to Mike Green and Anthony Pompliano debate the future of Bitcoin on RealVision. And Mike raised an interesting point regarding Bitcoin (I'm paraphrasing). "Scenario: Let'...
- 77.8k
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POW based blockchains systems Majority Attack
TL;DR: With only 30% of network power a Majority Attack is possible and profitable. Am I missing anything?
Generally speaking, blockchains based on Proof-of-Work authentications are using amount of ...
CommunityBot
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3
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Why is it more profitable for a node with more than 51% computation power to abide by the rules in the bitcoin network
The Bitcoin whitepaper states - "The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose ...
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Understanding reinvestment in a miner growth scenario
I got the following question which I can't figure out:
Alice, Bob, Carol, David and Eve are the five major bitcoin miners. They have each invested a million dollars in specialized equipment for ...
CommunityBot
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What is the actual threat of a majority attack on the Bitcoin blockchain? [duplicate]
As far as I understand, an attacker (in the role of a malicious miner) controlling a large portion of the current hash power could replace previously accepted blocks with alternatives.
But, what does ...
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How much money would it take to bribe the majority of miners to attack the system?
I think this question is just a re-formulation of the 51% attack, but it has me thinking: miners are monetarily incentivized to not perform a 51% attack, but there must be some amount of money will ...
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Minority Attack on Bitcoins
I read the first paper which described the bitcoins. Most of it is clear except for one thing. I tried to find solutions online but couldn't find it.
I am completely aware of the implications of a ...
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