Post
Topic
Board Bitcoin Discussion
Re: GHASH.IO + DISCUS FISH >>>51% Possible to death bitcoin?
by
DannyElfman
on 03/07/2014, 04:38:30 UTC
-snip-
Doing a 51% attack is like shooting yourself in the face. You get absolutely nothing out of it. If you control enough hashing power to perform that, why destroy the very thing that's making you money?

By denying every other miner any profits you can almost double the bitcoin income. This will make other miners give up, and then you can gradually turn off some of the miners and save cost. The risk for this is already very high but it doesn't seem to influenced the price. It's hard to tell if this is because the majority is in denial about it or just doesn't care. If it's the latter it means it would be very profitable.
In other words, you would collapse the market and earn $00.  Wink
What people are afraid of is that an attacker would have something other then a financial motivation to launch an attack.