Personally I believe ETH will go back to gaining traction once ETC dies off. Killing off ETC would make ETH mining more profitable.
The way I see it, the die hard ETC supporters have a coin going simply because they lost the vote. A few hurting the majority simply because they didn't get their way.
at the minute difficulty is down, so ethereum is more profitable to mine, due to the split in the coins, the long two profitable coins exist the more profit to make from mining leave be id say
@heandog69 except that having the 2 chains in existence serves only to confuse investors and suppress the market price. It seems highly unlikely that their co-existence is net more profitable to miners then a single stronger chain.
The more people who are truly invested in seeing the Ethereum ecosystem flourish think about this, I believe the more they will realize that having ETC gone ASAP would be beneficial.
I'm not necessarily advocating for a 51% attack, but as far as I'm concerned, it's absolutely fair game considering how that small minority has behaved both in their defense of TheDAO exploiter pre-hard fork under the guise of 'code is law' and post-hard fork by continuing to directly support the thief.
For them to whine and cry about the possibility of such an event seems quite ironic and hypocritical. I mean their blockchain is out there in the wild for anyone and everybody to participate in. If a group of people chooses to go and start mining that chain and some prior block in order to rewrite subsequent blocks, and the applications, tools, and programs that facilitate such activity due to the way their code was written, then should that code and its use in that way not be considered 'law' as well?
Right now 650 GH/s. it would only take a day. the pool is mining ETH until it gets the hash rate then it will switch over to mining ETC for a day during the attack.
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The way I see it, the die hard ETC supporters have a coin going simply because they lost the vote. A few hurting the majority simply because they didn't get their way.
check this discussion out. blckeagls has a good understanding of how to carry this attack out.
I'm not necessarily advocating for a 51% attack, but as far as I'm concerned, it's absolutely fair game considering how that small minority has behaved both in their defense of TheDAO exploiter pre-hard fork under the guise of 'code is law' and post-hard fork by continuing to directly support the thief.
For them to whine and cry about the possibility of such an event seems quite ironic and hypocritical. I mean their blockchain is out there in the wild for anyone and everybody to participate in. If a group of people chooses to go and start mining that chain and some prior block in order to rewrite subsequent blocks, and the applications, tools, and programs that facilitate such activity due to the way their code was written, then should that code and its use in that way not be considered 'law' as well?
@MrYukonC good summary.
pool is ready to go