2 ms·
It would be difficult to make it illegal in all jurisdictions in the world, so a 51% attack by a fed up nation state or states working together could shut it do
by mwattsun 5y ago
It would be difficult to make it illegal in all jurisdictions in the world, so a 51% attack by a fed up nation state or states working together could shut it down. I am not an expert by any means, but it seems within the realm of possibily.
With a per-unit consumption of 3250 W, that would put the electricity capacity needed to power all those ASICs at ~4.4 GW of power. That limits the possible candidates to pull off such a huge endeavor to powerful nation states who would work in coordination with large energy producers. (Jan 2020)
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...