Post
Topic
Board Announcements (Altcoins)
Re: Network Attack on XVG / VERGE
by
aciddude
on 05/04/2018, 14:13:55 UTC
How can an attacker get 1% out of mining? This attack must have taken much longer than a few hours like people were saying yesterday.

I'm quoting @OCminer  from a previous post

https://bitcointalk.org/index.php?topic=3256693.msg33956498#msg33956498


The attack started on block  2007365 and ended on block 2010039 = 2674 blocks, okay lets say 2500 blocks...

One Block makes about 1560 coins, so you have 2500 * 1560 = 3,900,000  "extra" coins generated (at least!) ....


-
This means the attack lasted for enough time to allow 3.9 Million XVG to be created illegally.

That's 32.72 BTC at current prices   or  $223,902  USD