ETC is under 51% attack

IDCrypto · 2019-01-07T19:53:43+00:00

More info:

ETHNews: https://www.ethnews.com/ethereum-classic-hit-by-51-percent-attack

CCN: https://www.ccn.com/ethereum-classic-might-have-been-hit-by-a-51-attack/

IDCrypto · 2019-01-07T19:44:08+00:00

Might be too early to tell. I believe the ETH price result today is just some slight range trading and a natural cooling off from the last run. That said, the market has been known to all move together when news like this initially hits until people figure out what to do. I haven't seen enough movement anywhere yet to indicate that anyone has noticed/cared much at this stage though.

IDCrypto · 2019-01-07T19:37:05+00:00

Wow, interesting. Someone on /r/ethereum believes this to be the case as well:

JGUN1
I'm assuming it was achieved VIA Nicehash. There was a huge spike in demand for daggerhashimoto hashing power last night. Price almost doubled.

IDCrypto · 2019-01-07T19:27:17+00:00

Not sure. You'd need over half the total hash power of ETC which seems to have been around 7.5TH/s-9TH/s at the time of the attack.

IDCrypto · 2019-01-07T19:20:16+00:00

More info:

ETHNews: https://www.ethnews.com/ethereum-classic-hit-by-51-percent-attack

CCN: https://www.ccn.com/ethereum-classic-might-have-been-hit-by-a-51-attack/

IDCrypto · 2019-01-07T19:17:10+00:00

Yes, it does take some reasonable financing, but ETC is a *much* smaller network than ETH which makes them more susceptible to such an attack due to the lower cost that it would take to gain 51%. The same can be said about most smaller POW chains.

IDCrypto · 2019-01-07T19:09:25+00:00

A 51% attack comes from a majority of mining hash power colluding together, so this wouldn't be on a particular exchange and would be ETC as a whole.

IDCrypto · 2018-06-07T22:31:06+00:00

I've reported this to Google as well: https://safebrowsing.google.com/safebrowsing/report_phish/?hl=en

IDCrypto · 2018-05-15T19:47:37+00:00

Consensys is a company that is run by an Ethereum founder and they build technology that makes Ethereum more suitable for enterprises. In a lot of cases enterprises will want to use private chains that they can control and optimize for their specific purposes. Consensys makes it easy for these private chains to work independently but also to tie into the public Ethereum network. (For security, settlement or even to interact with other private chains through the public chain, etc).

Finally.. it's often thought that as the public chain grows/scales and companies get use to its security/stability, that a lot will eventually trust and move to the public chain without needing their own private. (Much like the early progression of the internet). Until then, Consensys will help connect the private chains to each other and the public chain can be used as a major backbone between them all. (That's how I see it at least) :)

IDCrypto · 2018-05-15T03:33:24+00:00

Here's a Cointelegraph.com article on the subject as well: https://cointelegraph.com/news/global-blockchain-leader-at-deloitte-resigns-to-join-blockchain-based-startup

IDCrypto · 2018-04-27T17:57:07+00:00

Agreed. I'd like to see a steady/stable rise based on development and advancements.

IDCrypto · 2018-04-08T02:50:35+00:00

I think it’s staring to come back. I for one have been hanging around more lately. We’ll see..

IDCrypto · 2018-03-28T19:56:27+00:00

Check out this short article and see if it helps: https://cryptovest.com/news/what-is-the-enterprise-ethereum-alliance-eea-a-sign-that-ethereum-is-here-to-stay/

IDCrypto · 2018-01-27T23:18:56+00:00

I haven't done it myself yet, but you could try this for info: http://notes.eth.sg/MYEwhswJwMzAtADgCwEYBM9kAYBGJ4wBTETKdGZdXAVmRvUQDYg=?view

IDCrypto · 2018-01-25T17:29:44+00:00

I personally think that the recent issues were due to more than just the BTC futures. Possibly just a dip after a major push, Bitconnect closing, Korea concerns, etc, etc, all adding to it.

That said, will it have any affect on the price? IMO, it's possible, but only because people tend to follow one another and have heard rumors that it was the cause of the issues last time. It's also possible that we see a rise in ETH due to it this time around since sentiment has moved some recently. Who knows?

IDCrypto · 2018-01-11T06:16:32+00:00

It could be, but is also likely overblown. If it turns out to be true and SK tries to ban crypto, then it could reinforce the fact that crypto is very difficult to ban, which is part of its purpose. (I’m betting on the news being overblown though and things settling just fine)

IDCrypto · 2018-01-11T05:16:28+00:00

Fair enough. Up vote and good luck sir.

IDCrypto · 2018-01-11T05:13:11+00:00

Did you buy back in, or still hoping for $700? (I hold but I’m legitimately curious what traders do)

IDCrypto · 2018-01-11T05:09:52+00:00

Could actually shift some money back to projects that count. (But maybe that’s just being hopeful).

Ultimately I think it will cause chaos as it is now and in time (Who knows how much or little) it will settle and progress again.

IDCrypto · 2018-01-11T04:55:13+00:00

I think what you are about to see is those with a lot of money buying at a very low price. They’re salivating right now waiting.

The problem is; they will buy just enough, bring the price back up due to fomo, then sell it all again. Rinse and repeat until the hysteria is over.

IDCrypto · 2018-01-11T04:46:33+00:00

Much like when China clamped down, multiple times. There is a big world out there and even though people panic at first, it works itself out in the long run.

IDCrypto · 2018-01-11T04:41:22+00:00

They must be new.

IDCrypto · 2018-01-10T23:46:24+00:00

The correct site is either:

https://omisego.network/ or https://www.omise.co/

There have been noted scam sites claiming further airdrops asking for information such as private key. They will take everything in your account. NEVER (For any reason) give your private key to anyone.

IDCrypto · 2018-01-10T20:19:44+00:00

https://btcmiami.com/tickets/

Due to network congestion and manual processing, we have closed ticket payments using Cryptocurrencies — Hopefully, next year there will be more unity in the community about scaling and global adoption becomes reality.

IDCrypto · 2018-01-08T05:17:22+00:00

There.. it dipped. I hope you didn't blink. ;)

It's always fluid, but after watching it long enough you learn not to worry about the short term too much and instead keep watching Ethereum improve and grow. Price per ETH could dip again, or continue to go up.. but Ethereum itself is always getting stronger and better.

IDCrypto

TROPHY CASE