Economies of scale are an important concept in Proof of Work (PoW) mining.

Recently multiple cryptocurrencies have faced increasing risks of a so-called 51 percent attack.

The post by Dogeconomist on Auroracoin almost a week ago led to a small storm of controversy over the national cryptocurrency.

A month ago, Dogeconomist warned about the risks of Auroracoin. After examining the Auroracoin blockchain, signs of severe fraudulent activity can now be observed.

According to data from Coinmarketcap, the Icelandic cryptocurrency Auroracoin has now passed Litecoin in market capitalization. This would make it the second most valuable cryptocurrency after Bitcoin, following a massive spike of interest from investors during recent days.