51% Attack Pool 51pool.org Will Disable ETC by cryptotrends

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ethereum · @cryptotrends · Jul 31 '16 (edited)

51% Attack Pool 51pool.org Will Disable ETC

http://i.imgsafe.org/d65a1cffa1.gif

It's never a quiet day in the crypto world, specifically around the subject of Ethereum, the decentralized application platform. Minutes ago, another interesting piece of news came out for the Ethereum community. A Reddit user by the name of <a href="https://www.reddit.com/r/vertcoin/comments/4vf0kp/51_attack_pool_51poolorg_will_disable_etc_thought/?st=ira0zi5k&sh=5ecaab15">stellardynamics posted on the vertcoin subreddit </a> the link to a new mining pool called 51pool.org. The pool set up specifically to target a coordinated 51% mining attack on the Ethereum Classic network. The pool currently mine ETH/ETC and offers  a no-fee structure to attract new miners. The attack will commence as the hash rate grows 51%.

<a href="http://51pool.org" rel="noopener">http://51pool.org</a>

So far no statement or news has been published about the project. 

<strong>Does anyone know who is behind the project?</strong>

<p>#ethereum #etc #eth #mining #cyptocurrency #blockchain</p>

👍 holabebe, veryscience, andre-ager, loewan, ba-boo, gab, cryptotrends, jillstein2016, cire81, anarchypory, hasherfromhell
👎 cryptophil

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@anarchypory · Jul 31 '16

Upvoted

👎 steemservices

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@andre-ager · Jul 31 '16

I don't think they can pull it off. But we will see

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@cryptotrends · Jul 31 '16

Yeah we will see, it totally depends on who's behind it though.

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@gab · Jul 31 '16

What if the supposed "bitcoin maximalists" or whoever profits from creating chaos within ethereum replies with their own eth51 attack pool? I wonder if there'd be enough bitcoin GPU miners to create some real chaos or if most people/pools have made the move to ASICs. 

If eth's value and market cap continue to go up, with the bitcoin reward halving AND PoS incoming, ethereum sure could be a threat to their business model since they won't be able to move from btc to eth mining if btc eventually becomes less worthy of mining. 

Creating serious trouble or FUD on eth MAY be in their best interests.

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@hasherfromhell · Jul 31 '16

Upvoted

👍 digi3d
👎 cheetah01

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@loewan · Jul 31 '16

This is why I love Cryptocurrencies. Not a boring day ever!!!!

👍 ba-boo

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@cryptotrends · Jul 31 '16

Could not agree more @loewan

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