CRYPTO NEWS : 51% attack HOW DO THEY DO IT 29 05 2018

in #crypto4 years ago

https://www.crypto51.app/ shows how easy it is to 51% attack some of the smaller PoW coins. For some coins, 100% of the hashrate can be rented from NiceHash, which removes the capital costs of the attack!

For example, Bytecoin (marketcap ~$1B) can be 51% attacked for $557!

Knipsel.PNG

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Great analysis! I believe the short term scenario for Bitcoin is still very bearish and that price will continue to fall until we are trading below the $6,900 region. Price has began to develop lower highs and lower lows after falling through the support level of $7,500 level. We could see price trade as low as $6,400 by the end of the month.

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