http://www.coindesk.com/charlie-lee-proposes-merged-mining-litecoin-dogecoin/What does 51% mean?
When Lee refers to this 51%, he’s talking about a 51% attack, an exploit that could be made possible if a miner or a pool could take control of over half of a cryptocurrency’s network power.
Bitcoin Chief Scientist Gavin Andresen has a brief post on his blog outlining what such an attack entails.
Essentially, it means that block transactions could end up being controlled without the consensus users expect from these networks today.
Litcoin's hashing power over the past three months. Source: Liteshack
Litecoin’s hashing power over the past three months. Source: Liteshack
The reality is that scrypt miners point their mining rigs to the coin that they think has the highest potential for profit.
Mining is an important distributed method for confirming transactions, but it ultimately costs money to do so in equipment, electricity and time.
As miners have become interested in dogecoin instead of litecoin, this has meant that there is less hashing power growth in LTC. However, at 174,000 total MH/s for LTC versus 71,000MH/s for doge, litecoin is still a much more powerful network.
GUES WHAT!? YEA thats right!! Blackcoin doesnt needs to deal with any of this shit!
