3min chapter

Crypto Critics' Corner cover image

How to attack Bitcoin (Feat. Micah Warren)

Crypto Critics' Corner

CHAPTER

Selfish Mining: How It Changes the Common Accepted 51 Percent Number That Bitcoiners Keep in Their Head

The recent increase in hash rate is probably due to bit main filling some of the back orders they've had for their most recent machine. Once someone starts selfish mining at 33 percent they can start to bring in other miners and it's always going to be a profitable investment to take hash away from the honest mining pool over to the selfish mining pool. This kind of abuses the difficulty adjustment a little bit so this creates a situation where things can snowball. If nobody freaks out and leaves like everybody says it's going to happen you can try it i mean you can just start selfish mining and then nobody you know the price doesn't go down well you we just keep doing it and this can work

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