Re:ShadowBrokers: The NSA Compromised the SWIFT Network
by andirk on Sunday April 16, 2017 @04:19PM
(#14127311)
The difficulty is according to the amount of miners, right? So it's supposed to not matter if China shuts down their pools. And local police? Complete speculation, my friend.
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Re:ShadowBrokers: The NSA Compromised the SWIFT Network
by foepys on Monday April 17, 2017 @02:43AM
(#14129575)
You obviously don't know enough about Bitcoin to argue the way you did.
If there is X hashing power and you need X/2 to control the network, then reducing X by 50% means that you only need X*0,5/2 to control the network. The difficulty is only adapted every 2010 blocks which equals around 2 weeks but if you suddenly cut the hashing power in half, this will take up to around 4 weeks and slow the network down immensely.