BSV suffers 51% of attack costs for only $6,500

BSV suffers 51% of attack costs for only $6,500

According to a report issued by CoinGape on the afternoon of April 15, the cost of a 51% attack on the BSV continued to drop, at only $6,500.

As network capacity increases, Bitcoin Satoshi Vision (BSV) has fewer and fewer supporters, and BSV is clearly losing its status as a "real bitcoin."

The total hash rate of the network also reflects the amount of cryptocurrency. The cryptocurrency with more miners and daily transactions is more likely to be safe and the price will be higher.

BSV suffers 51% of attack costs for only $6,500

BSV Hash Rate All-time (bitinfocharts)

BSV suffers 51% of attack costs for only $6,500

Bitcoin Cash (BCH) hash rate (bitinfocharts)
It is evident from these two figures that the total Hashrate of the BSV has been declining since its creation. In addition, since #we are Hodlonaut# activities have been supported, the index has fallen below 20%. The hash rate of its direct competitor BCH has more than doubled during the same period.

As of 3 pm on April 15, the cost of launching a 51% attack on the BSV was only around $6,500. The cost of launching a 51% attack on Bitcoin Cash (BCH) is about $25,000, four times that of the BSV.

ETC has recently suffered 51% of attacks, and its cost of performing 51% attacks is similar to BSV's $6,300.

CoinGape concludes that after the outbreak of BTC on April 2, currencies such as LTC and BCH rose by more than 50%, while BSV has only increased by about 12% since March 2019. The main reason behind this can be attributed to its limited application and the fact that Auburn has consistently claimed to be Nakamoto, which has led to a bad brand image in the entire encryption community. (block chain rhythm)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Opinion: Bitcoin breaks $5,000, not a bull market but in a rational regression period

According to data from qkl123.com , the market price of Bitcoin broke through $5,000 shortly today and has now fallen...

Blockchain

Report: Who is the most likely currency to become Bitcoin and Ethereum?

Either Bitcoin or Ethereum has the ability to become the world's first non-sovereign digital currency. However, ...

Blockchain

Video|"8" Han Feng: I firmly believe that the next round of bull market will appear on the digital privatization

Han Feng, Visiting Fellow at Columbia University, former Block Manager of Huawei Academia Sinica, Secretary General o...

Blockchain

Trump speech sends peace signal, bitcoin price falls

At 11.30 am local time, US President Trump delivered a speech on Iran. Regarding Iran ’s attack on a U.S. mili...

Blockchain

Looking at the moon in the mist, how to distinguish you is a cow is a bear

The market once again fell yesterday. The only targets that have not broken the position are BTC and BNB. The mainstr...

Blockchain

The long-awaited Bitcoin competitors of the central bank are "almost" coming.

Ten years ago, the issuance of Bitcoin was a relatively influential event, but it has already had a huge impact. Some...