51% initiative: Disrupting a $2 billion dollar cryptocurrency with less than $1.5 million investment – Bitcoints

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Published on May 27th, 2018 | by bitcoin

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51% initiative: Disrupting a $2 billion dollar cryptocurrency with less than $1.5 million investment

51% initiative: Disrupting a $2 billion dollar cryptocurrency with less than $1.5 million investmentThis cryptocurrency uses the same algorithm as Ethereum yet has a much lower total hash rate on the network.
Miners would get the same hash rate out of their machines regardless of which network they were mining on.
With $ 55 million dollars, you could effectively bankrupt the currency, netting nearly $ 1 billion in straight profit.
Executing a 51% attack on the BCH network will cost you just around 250 BTC, or $ 2 million, per day.
The post 51% Percent Attacks: Hacking a $ 2 Billion Dollar Cryptocurrency for Less Than $ 1.5 Million appeared first on Bitcoinist.com.

Source: Digitalmoneytimes.com

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