You can attack BCH for less than 0.5 BTC

in #cryptocurrency4 years ago

BCH had a halving lately and after that the hashrate on it really dumped. All miners who still mine it are on loss. On February 14, 2020, Bitcoin Cash’s network produced 5 exahashes, the most the network produced since November 2019 when it saw 7.8 exahashes just before the mass market sell-off that drove crypto prices down to pre-2017 bull run territory.

The world’s fifth-most valuable currency by market cap ($5.5 billion) now costs less than $3,500 an hour to 51% attack with Nicehash

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Right now even BCHSV network is more secure than BCH itself, so we see big price drop.

Binance BCH/BTC Chart

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But keep in mind there's loads of coins that can be double spend with Nicehash just such big one is surprising.

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Hi @kingscrown, Many people think that BITCOIN CASH is not a valid project. What's your opinion?

If Roger Ver can quit mining BCH, as he apparently just did, then it looks bad. The hash rate dropping, the easy 51% attack...who in their right mind still even uses this dud coin?

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