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I can imagine that the USA government would do anything to protect the dollar. I wonder how much money the mining hardware would cost in order to perform a succ
by torcete 5y ago
I can imagine that the USA government would do anything to protect the dollar. I wonder how much money the mining hardware would cost in order to perform a successful 51% attack.
Would it be less than a carrier? Less than a submarine? More than an F-35?
- torcete 5y agoOk, so I will answer my self. I found this link with the estimated costs for several cryptocurrencies: https://braiins.com/blog/how-much-would-it-cost-to-51-attack-bitcoin https://braiins.com/blog/how-much-would-it-cost-to-51-attack... It is given in dollars per hour. Compared to the cost of flying a F-35, a 51% attack would be like flying 20 F35s at the same time. Nothing too expensive for the military budget. It is just a squadron. EDIT: The updated cost is here: https://www.crypto51.app/ https://www.crypto51.app/ With the new hashrate, that would be only 16 F-35s
- imtringued 5y agoThe only thing that can protect the dollar is a healthy domestic economy and Biden is doing his best to make that happen.