Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by SmooL on Wednesday February 02, 2022 @11:42PM
(#30188782)
The "cost to rollback blocks" is a cost in computational power (to run a 51% attack), _not_ the cost of the block rewards
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by jallen_dot_dev on Thursday February 03, 2022 @12:01AM
(#30188909)
In 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.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by nootropicat on Thursday February 03, 2022 @03:26AM
(#30190052)
The only way to measure that is by looking at expense over longer timescales.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by tromp on Thursday February 03, 2022 @03:59AM
(#30190297)
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.
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by nootropicat on Thursday February 03, 2022 @09:19AM
(#30192697)
That appears to not include fees.
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.
This is false. Ethereum has higher block rewards (in $) for over a year now. Bitcoin is the second biggest PoW network by mining expenditure.