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>Bitcoin currently has the highest cost to roll back blocks and therefore the most assurance. This is false. Ethereum has higher block rewards (in $) for over
by nootropicat 5y ago
>Bitcoin currently has the highest cost to roll back blocks and therefore the most assurance.
This is false. Ethereum has higher block rewards (in $) for over a year now. Bitcoin is the second biggest PoW network by mining expenditure.
- SmooL 5y agoThe "cost to rollback blocks" is a cost in computational power (to run a 51% attack), _not_ the cost of the block rewards
- jallen_dot_dev 5y agoIn theory a higher block reward will incentivize and allow for greater computational power to be thrown at it, thereby increasing the cost to attack it.
- nootropicat 5y agoThe only way to measure that is by looking at expense over longer timescales.
- tromp 5y agohttps://www.f2pool.com/coins https://www.f2pool.com/coins shows Bitcoin on top in daily dollar issuance. Ethereum was on top a few months ago, but not for over a year.
- nootropicat 5y agoThat appears to not include fees. https://bitinfocharts.com/ https://bitinfocharts.com/ Ethereum ($38,451,803.7) Bitcoin ($34,875,489.84) Before EIP 1559 fees were much more important. Ethereum has higher rewards since about Q3 2020 edit: even worse, f2pool just multiplies the base reward (2 eth) - ignoring uncle rewards and fees, by the wrong number of blocks (based on 15 sec block time - it's actually 13.2s). Trash calculation.
- tromp 5y agoThanks for the correction. Is there a site providing historic graphs of daily miner revenue?