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Dan Burdeinick danburgo

  • Washington DC
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Vertcoin (VTC) was 51% attacked

Preamble

Vertcoin is a Bitcoin clone that aims to be ASIC-resistant by hard forking to new mining algorithms whenever ASICs are deployed on the network. Vertcoin was previously 51% attacked in Dec 2018 and has since changed its proof-of-work algorithm to Lyra2REv3. On Nov 30th 2019, a Vertcoin miner noticed a large upswing in hashrate rental prices for Lyra2REv3 on Nicehash. This was combined with workers connected to Nicehash's stratum server being sent work for unknown (non-public) Vertcoin blocks. I contacted Bittrex, Vertcoin's most prominent exchange, to recommend they disable the Vertcoin wallet on their platform once it became clear an attack was in progress, which they subsequently did.

The Attack

On Sunday, 1 December 2019 15:19:47 GMT 603 blocks were removed from the VTC main chain and replaced by 553 attacker blocks. We