phicapital on Nostr: According to ChatGPT, China, Russia, and the US potentially have the combined ...
According to ChatGPT, China, Russia, and the US potentially have the combined hashpower to perform a 51% attack on #Bitcoin. Currently at ~350EH/s, no single actor can perform this.
1) Good luck getting those 3 nations to work together to take down #BTC.
2) Good luck convincing existing miners in these countries to participate in the attack.
These countries would literally need to collaborate and build out their own state owned miner facilities to combat existing miners (requires massive capex, but possible on a government budget). But doing so would effectively double the entire network's hashrate, with a 2 week window before difficulty adjusts and the attack becomes even less economical. The cost of carrying this out would be unsustainable and ultimately unsuccessful.
1) Good luck getting those 3 nations to work together to take down #BTC.
2) Good luck convincing existing miners in these countries to participate in the attack.
These countries would literally need to collaborate and build out their own state owned miner facilities to combat existing miners (requires massive capex, but possible on a government budget). But doing so would effectively double the entire network's hashrate, with a 2 week window before difficulty adjusts and the attack becomes even less economical. The cost of carrying this out would be unsustainable and ultimately unsuccessful.