[Cryptography] Correction re: Golden Ratio Attack - 38% not 62%

Ray Dillinger bear at sonic.net
Wed Jul 15 20:16:10 EDT 2015

On 07/15/2015 04:08 PM, Ray Dillinger wrote:

> Any miner who controls more than one over the Golden Ratio of the mining
> power makes a profit while paying the fees it takes to maintain a
> permanent backlog of transactions, for as long as the blocks are more
> than half full of other transactions.

I misspoke.  I said 1/phi without remembering exactly what the
ratio measured.  I should have said 1 minus 1/phi.

The required hashing power is 38% of the total.  Considerably
less than the 51% people have been scared of.


-------------- next part --------------
A non-text attachment was scrubbed...
Name: signature.asc
Type: application/pgp-signature
Size: 819 bytes
Desc: OpenPGP digital signature
URL: <http://www.metzdowd.com/pipermail/cryptography/attachments/20150715/1ab91a59/attachment.sig>

More information about the cryptography mailing list