Bitcoin dust attack software

The bitcoin dust attack software is a simple but effective denial of service attack against the Bitcoin network. A computer system has been created that simply submits blocks with a 1-bit dust transaction (less than 0.00006 BTC) every 10 minutes or so. With no cost to itself, such an IP address can produce around 2000 transactions per day or about one positive confirmation every half hour on average. This reduces the number of confirmations the attacker needs to create spoofed transactions appearing as though they are from the Bitcoin exchange, causing Bitcoin withdrawals to be delayed or even lost. The Bitcoin protocol is vulnerable as it only requires proof of work for transactions with non-zero amounts (in fact Bitcoin would need a hard fork to make this work). As such, Bitcoin users who do not check their transaction fees could lose money due to dust attacks on Bitcoin exchanges like Mt. Gox and BTC-E.

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There is no charge for this software. It costs a few cents of electricity to run and that’s it! Use the bitcoin dust attack software thousands of times per day by simply typing “bitcoin” over and over again on your keyboard. We now can spend up to $100 for every single transaction with just one bit of dust (one satoshi), spending an entire year’s worth of mining rewards in a single day, all for ~$1000.Again, if you are not sure what Bitcoin dust is, it’s a Bitcoin attack that focuses on Bitcoin exchange transactions. Bitcoin exchanges like Mt. Gox will normally accept any Bitcoin transaction with at least one confirmation (the time required to mine a Bitcoin block and confirm the transaction). It’s very easy to get somebody else’s Bitcoin address to send Bitcoins, especially when those people are likely to have large sums of Bitcoins in their accounts. Ledger dust attack also available at your disposal