4 ms·
It will always make economical sense to mine, because difficulty automatically adjusts. The issue is when it becomes cheap enough to do a 51% attack.
by redox99 3y ago
It will always make economical sense to mine, because difficulty automatically adjusts. The issue is when it becomes cheap enough to do a 51% attack.
- latchkey 3y agoIt will never be cheap enough to 51% attack either and even if it was attacked, it wouldn't matter. https://www.youtube.com/watch?v=ncPyMUfNyVM https://www.youtube.com/watch?v=ncPyMUfNyVM https://www.crypto51.app/ https://www.crypto51.app/
- Ferret7446 3y agoIt will never become cheap enough to do a 51% attack because there are multiple parties that all would be interested in doing a 51% attack competing against each other. Furthermore, Bitcoin is "self-healing" in the sense that an attacker does not gain persistent control; they lose control if they lose 51% compute vs the rest of the planet (unlike, say, Ethereum with proof of stake).