51% attack

>>2783720
I'm guessing that would take a lot of work. He could do it to coins that compete directly with his though. I have yet to see one coin consume another competing coin, they both usually profit.

>>2783720
Reputation. If he pulled that kinda shit, there's a good chance he'd get a bad reputation and all the repercussions that go along with one

>>2783765
No one would know who it is.

The short version is that anyone with that kind of hashpower earn a lot more by mining fresh coins as long as fresh coins are available.

>>2783857
You think the Chinese government doesn't track things like colossal power usage? They'd know, and they REALLY care about reputation.

>>2783720
Wouldn't the value of any coin that is getting 51% attacked go to shit? Making this a waste of time because the attacker can't profit on a network nobody wants to invest in

>>2784618
As long as he pays his bills and taxes and doesn't break any local laws, I doubt they would give a shit.

>>2784800
Yes, the point is to destroy competing chains.

>>2784618
>they REALLY care about reputation
>anon thinks China and any chinese care about reputation
They are compulsive liars.

They would perform a 51% attack and be like "me chinese, me have fun, me put peepee in your coin" and then run away

>>2784856
I don't think it is done for the sake of competition."Competition" is a pretty absurd term to use in the chaotic crypto world. I think it's rather done out of fun.

>>2784004
Prove it.

Oh wait, you can't because you're just speculating wild claims from your tiny tiny brain.