Grin network hit with 51% attack while GRIN token remains resilient

Grin network hit with 51% attack while GRIN token remains resilient

An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain.According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of the total hash power of the Grin (GRIN) network on Saturday evening. 2Miners only had control of 19.1% of GRIN’s hash power, while sparkpool miners came in third at 18.9%. Grin Network Is Under the 51% Attack! Payouts are stopped. Please mine at your own risk only because....


Related News

Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate

The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait for “extra confirmations on transactions for payment finality.” On November 7, 2020, a mining pool dedicated to the Grin (GRIN) network informed the cryptocurrency community that the blockchain was under attack. “Grin network is under [a] 51% attack,” the mining pool called....

Privacy Coin GRIN Is Victim of 51% Attack

A 51% attack occurs when a miner (or miners) acquires more than 50% of the network's mining hash power and takes control of the network,

Interview with the founder of Satoshi’s place

What is Satoshi’s Place and how is it different then other pixel ad projects? Well, first of all, as you might have noticed, different spaces have a different value on this page. Cheaper ad spaces will be claimed rapidly making the site (and the ads) grow in value with every new advertiser. This hasn’t yet been done as far as I know with a pixel ad site of similar. Secondly, it doesnt use a content management system, thus is far more secure being coded almost entirely in HTML. Also, it looks neat *Evil Grin*. What sparked the idea of Satoshi’s place?

Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High

On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen, and grin have seen significant gains as well. Monero XMR Taps a New ATH Before Most Privacy Coins While cryptocurrencies have been growing wildly in value, the climate of regulation has stepped up a great deal. Governments and blockchain surveillance firms worldwide have been making themselves right....

Mark T Williams on the Flaws and Opportunities of Bitcoin

Mark T Williams isn't shy when mentioning his "steed" - the unassuming white bicycle parked in front of the Noodle Street cafe in Boston, Massachusetts, shining in the sun near some melting remnants of the winter's snow. He diverts attention to it: wanting me to know that it's a choice model; that it would be complemented should the right person stop eating their pad thai, look through the smudgy window above our corner table and notice it. He goes on about it, telling me it's just one of his bikes, that the others are built for snow, for harsh conditions. If it's his way of directing....