2Miners: 51% of Grin’s anonymous encryption network was attacked
On social network Twitter representatives of 2Miners stated that 57.4% of Grin hashreet is controlled by unknown group of miners. The 2Miners pool accounts for 19.1% of the network hashreet, while the SparkPool — for 18.9%;
The data of the GrinScan block browser say that on November 7, 51% of the Grin network was attacked, after which the blockchain was reorganized. 2Miners warns users:
«Payouts stopped. Get the cryptographic currency at your own discretion, because there is a great risk that the blocks you get will be rejected»;
However, it is not always the pool that controls more than 51% of the network hash rate that uses this feature. For example, the SparkPool has previously produced more than 60% of the Grin hashreet, but this hasn’t led to network disruptions.
Interestingly, the cost of an attack on Grin is very low — controlling 51% of the network hash rate is only $75 per hour. At the moment the Grin rate hasn’t changed much — in the last 24 hours the coin has lost only 1.4% of its value;
Let us remind you that in August 2020 the Ethereum Classic network