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Eugine_Nier comments on [tangential] Bitcoin: GHash just hit 51% - Less Wrong
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For how long would you have to control the computing power? Would having control of a massive number of computers for a few minutes be enough?
The more damage you want to do the longer it takes.
Definitely not. To give you a sense of scale, a new bitcoin block comes out every five minutes and it would take control of the block chain for multiple 'ticks' to do serious damage.
Ten minutes, on average.
Thanks.