At which price point will BCH, an ASIC mined coin,

Question

Bitcoin Cash (BCH)

Kishniev

At which price point will BCH, an ASIC mined coin,

be succeptible to reorg attacks because of low hashrate?
$10? $1? $0.1? $0.01?

#bch #bitcoincash #cryptocurrency #english

0

11.05.2024

18 ответов

73 просмотра

Shadow Of Harbringer 👁️🧀

At no price. Once people realize BTC became a CBDC, they will finally switch. Things are accelerating with KYC because TPTB realized that they failed to capture "Bitcoin" as BCH is gaining traction.

0

6 месяцев назад

Kishniev Автор вопроса

Fiendish Crypto
This seems the wrong way around. The hash rate is ...

Miners must pay their energy somehow. If the price is too low, there are no incentives to mine a coin. At some point there'll be only volunteer miners who do it out of spite, and they generate very little hashrate. Some government with a single mining farm will be able to rewrite the chain

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6 месяцев назад

Fiendish Crypto

Kishniev
Miners must pay their energy somehow. If the price...

If the price drops, the hash. May follow But it’s the hash that is important.

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6 месяцев назад

bitcoincashautist

Kishniev
Miners must pay their energy somehow. If the price...

this is incorrect, because not all of them have equal profitability, what happens is they just start turning off less profitable hardware and are again making money per kWh

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6 месяцев назад

bitcoincashautist

idk, maybe $10? look at cost/h for other coins, are they getting attacked, why not? it's so cheap to attack them https://www.crypto51.app/

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6 месяцев назад

Shadow Of Harbringer 👁️🧀

In general, you are overestimating the benfits of 51% attacks and panicking without reason, like many people before. 51% attack is not as good as you imagine. It is relatively a VERY EXPENSIVE, and gives very little benefit: - It cannot steal somebody else's money - It cannot reverse transactions forever - It is not really that beneficial if you want to earn on cheating with double spends. When you 51% attack to double-spend, you are risking destroying the value of the coin you want to "cheat away" and miners only get payout after 100 blocks, which means you possibly won't be able to make big profits. Super risky move. - The "worst" it does is it can freeze the network pretty much. And this is temporary. As I said 100 times over the years, 51% attacks are very overrated. Stop panicking, 51% attack is not what is the problem here.

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6 месяцев назад

Kishniev Автор вопроса

bitcoincashautist
idk, maybe $10? look at cost/h for other coins, ar...

They're not a threat to (c)b(t/d)c

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6 месяцев назад

Shadow Of Harbringer 👁️🧀

Kishniev
They're not a threat to (c)b(t/d)c

They will be. BTC is weak and doomed already. They divided themselves, waiting to be conquered by us.

0

6 месяцев назад

Shadow Of Harbringer 👁️🧀

Kishniev
They're not a threat to (c)b(t/d)c

Switch a few big influencers to BCH and watch the avalanche. People follow.

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6 месяцев назад

Fiendish Crypto

Shadow Of Harbringer 👁️🧀
Switch a few big influencers to BCH and watch the ...

It happens very quickly.

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6 месяцев назад

Shadow Of Harbringer 👁️🧀

Fiendish Crypto
It happens very quickly.

It's happening as we speak. "Pedal to the metal" Hey, I am not the one with social skills. /someone needs to do the job

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6 месяцев назад

Rose

Shadow Of Harbringer 👁️🧀
It's happening as we speak. "Pedal to the metal" ...

You see something needs doing, something needs to change and someone must do something: That someone is you, and you can create that change! The world needs dreamers, and it needs those dreamers to turn their dreams into real tomorrows. You’ve got this 👍 #freedom #liberty #bch

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6 месяцев назад

Fiendish Crypto

Shadow Of Harbringer 👁️🧀
It's happening as we speak. "Pedal to the metal" ...

Everyone plays their roles. I am talking to people across the world constantly and getting them interested in and investing into BCH. If everyone does just 1% more than they are now, the results add up. From talking in meat space, meat ups, social media posts, memes, building an attractive space for people to join.

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6 месяцев назад

Shadow Of Harbringer 👁️🧀

Fiendish Crypto
Everyone plays their roles. I am talking to people...

Стикер

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6 месяцев назад

Big Hair

Shadow Of Harbringer 👁️🧀
In general, you are overestimating the benfits of ...

What is the problem, if 51% attacks aren't it? Restrictive govt laws?

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6 месяцев назад