So with time warp attack the attacker basically turns his hashing power on and off in a pattern of resonant frequency? Am i understanding this right? I havent actually heard the name before but when studying bitcoin years ago i decided against buying in because I imagined this sort of attack. (boy what i mistake, i still bought in relatively early but i wish i had bought in *THAT* early).
This would not be a time warp attack.
A time warper would run hashing power constantly. The blocks would not be advertised to the network until later when they have a chance at chain contention. Basically saving up proof of work to affect difficulty algo or to affect longest chain resolution.
Additional benefits can be gained if you force chain resolution on everyone but your own chain, and confuse other miners to mine your chain, DD0S those that don't, etc.
Its generally very unprofitable with current algorithms and safeguards, and any miner would do better mining the coin.
