rishmalho on Nostr: Seems that realistically, any entity capable of deploying a coordinated attack of ...
Seems that realistically, any entity capable of deploying a coordinated attack of more than 158PFLOPS (with some assumptions, 280PFLOPS ~= ~355.57EH/s) so 51% of the hash power of the entire network as of May 6, 2023 can successfully launch such an attack.
That’s a LOT of countries.
In fact it includes quite a few private companies with non distributed compute like IBM(who would’ve thought):
https://www.top500.org/statistics/sublist/After rubbing these numbers, the network is less secure than most think and MUCH less secure than I think.
But I guess it’s more realistic to do a relative comparison of what it takes to topple the current world reserve currency vs BTC 🤔
Published at
2023-05-08 00:43:59Event JSON
{
"id": "b01bbfc4c308b0f30395ee481839a20c7c2066fd0cf8a5f3ec8d7127114f3511",
"pubkey": "41b93cde3bb1bfb51d287f0cc50161382b31aaf5f5a6ad0c090a99373d018bf9",
"created_at": 1683506639,
"kind": 1,
"tags": [
[
"e",
"6cee0a262cfac1f1773a4ba45e6ba9bd62507bcdbf330fb05cd4f44cc280823f"
],
[
"e",
"2270e4b32fc8ee3a5f38779c78f73f55990b8a2ae5645a040ecdfd45a506fd14"
],
[
"p",
"ee6ea13ab9fe5c4a68eaf9b1a34fe014a66b40117c50ee2a614f4cda959b6e74"
],
[
"p",
"b9003833fabff271d0782e030be61b7ec38ce7d45a1b9a869fbdb34b9e2d2000"
]
],
"content": "Seems that realistically, any entity capable of deploying a coordinated attack of more than 158PFLOPS (with some assumptions, 280PFLOPS ~= ~355.57EH/s) so 51% of the hash power of the entire network as of May 6, 2023 can successfully launch such an attack.\n\nThat’s a LOT of countries. \nIn fact it includes quite a few private companies with non distributed compute like IBM(who would’ve thought): \nhttps://www.top500.org/statistics/sublist/\n\nAfter rubbing these numbers, the network is less secure than most think and MUCH less secure than I think. \n\nBut I guess it’s more realistic to do a relative comparison of what it takes to topple the current world reserve currency vs BTC 🤔",
"sig": "015afd19012814666f7d79598bb01d6d03720aca7046ade574037d4ea0ca3ff0fda3d47ce559aebcfeb3f5dade9ef34090c732e918841d09bdd99173982707dd"
}