Re:Bitcoin price crash forces miners off network
by samatman on Monday March 16, 2020 @05:01PM
(#22597714)
Practice significantly complicates theory here.
A price crash that forces a bunch of miners off the network means that, not only is a 51% attack cheaper, but the spare capacity to launch one exists, and is just sitting there unused, losing money.
A price crash that forces a bunch of miners off the network means that, not only is a 51% attack cheaper, but the spare capacity to launch one exists, and is just sitting there unused, losing money.
A volatile combination.