Post
Topic
Board Development & Technical Discussion
Re: What if somebody makes an ASIC to crack SHA-256 hashes with Brute force?
by
Totscha
on 19/02/2015, 12:04:23 UTC
Maybe its a noob question, but I woke up this morning wondering: what if somebody makes an ASIC to instead of mining, destroy Bitcoin from the inside...?

There are ASICs out there with capabilities of TH/s, if someone applies this to hash cracking, it becomes a bit dangerous, no?

That would be 1000000000000 hash cracking attempts per second.

Your thoughts?

Well that's what mining is all about. It's a search for a hash that is lower that the current target using brute force. And you have to compete with the entire mining network. That's why it would be very bad if a single miner/pool had more than 50% of the hashing power (51% attack).

This is the basis of why the proof of work (hashing) secures the blockchain.

Not sure what you mean by destroying Bitcoin from the inside...