Fight fire with fire. NiceHash has introduced a "revolutionary" way of dealing with 51% attack
Source:
A Month ago, hackers blockchain Ethereum Classic. The main difference was the minimum reaction of the representatives of the project. Then the team ETC, does not recognize the fact of the attack and simply recommended pools to increase the time of confirmation blocks. By the way, in front of her by an unknown user bought free power and sent them to capture most of Hasrat network. The leadership of this reputation is not needed, so in the course went the official statement.
The involvement of the NiceHash to attack 51% is not a new idea. Scheme in such cases is simple. An attacker buys the required amount of power is gaining at least 51 percent Hasrat network, and performs double-spending and other tricks. By the way, to create coins out of thin air or get into someone's purse in an attack the blockchain is impossible. Read more about the phenomenon and its limitations read .
Representatives NiceHash decided to set the record straight on this issue and explained his position in the company. It turned out funny.
As stated the staff, NiceHash doesn't support the attack 51 percent said their "deliberate and harmful actions" that very seriously. To meet guidance-ready: if the user will notice the facts of market manipulation and incorrect use of leased facilities, it is recommended to apply at info@nicehash.com.
Source: NiceHash
As soon As the company representatives will confirm the harm from a particular miner, they will block his account and confiscate funds. In addition, provide the necessary information in the event of a relevant court decision.
The Main charm of the publication — recommendations for counter-attacks 51 percent. They are addressed to the project developers.
If you want to secure your blockchain-based PoW, we strongly recommend you to periodically rent a power for mining on the market power NiceHash. This will increase the security of your blockchain. In addition, in the process you will receive your own coins, so we also recommend that you start to attract and educate your community that believes in your project.
The Message is clear, but the implementation suffers. In the end NiceHash acts as a universal tool that can benefit both parties. Hackers want to capture a large part of the network to execute their ugly ideas? Welcome to NiceHash. Developers need a way to protect against intruders? Let go there too. Wins the one who will have more money to rent facilities.
Turns out, power in money, not in truth. And they will get NiceHash.
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