Post
Topic
Board Altcoin Discussion
Re: Thread about GPU-mining and Litecoin
by
tacotime
on 01/03/2012, 00:52:49 UTC
3) GPU mining makes it easier to 51% the chain. It would be easy for a decently sized GPU farm to 51% the chain.

I think I'm most worried about the last one.

The addition of GPU mining to bitcoin actually enhanced security of the coin.  I saw this discussed on BTCe with Artforz and it was generally held that the more expensive the mining hardware required, the more reinforced the bitcoin chain becomes.

What I think would really add a lot to LTC is to implement a chain that halves in six months but does so incrementally, that is, every block or 200 blocks or whatever decreases a certain percent, with 50% block size at six months.  Liquidcoin has proved this to be easily possible.