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Re:How to create a private Ethereum network by LeoPanthera on Tuesday July 25, 2017 @09:20PM (#14853121)
> In a large network like Bitcoin or Ethereum the massive computational power of the network ensures generating 51% of the compute power of the network is near impossibly expensive.

This is an aside, but of the 26 currently active bitcoin mining pools, you'd only need to compromise the top 4 to have >50% mining power. Perhaps a little social engineering could bring that down to 3.

I wonder how difficult that would actually be.

Re:How to create a private Ethereum network by omarforgotpwd on Tuesday July 25, 2017 @10:10PM (#14853281)
Yes, but those miners have invested so much capital into their mining hardware, software, electricity, etc that they have a strong incentive to make sure that doesn't happen. If an attacker were to gain control of 51% of the network Bitcoin would quickly become worthless or at least drop sharply in price making the whole attack pretty worthless. Not only is it very difficult to get to 51%, there are strong incentives for the relevant parties to make sure such a thing doesn't happen. If entire mining pools were hijacked with malicious mining software, someone would catch on and likely pull the plug on those machines before massive damage could be done.