Bitcoin Cash Hash Rate Drops By 37 Percent in One Day

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    Bitcoin Cash (BCH), the third largest crypto in the world, has suffered from an enormous drop in hash rate over last 24 hours, making a widely feared 51% attack a reality

Cover image via U.Today

Bitcoin Cash (BCH), the third largest cryptocurrency in the world, has suffered from an enormous drop in hash rate over the last 24 hours, making a widely feared 51 percent attack a reality. After plunging by 36 percent in a single day, the BCH current hash rate is sitting at 3.372 Ehash/s.

On Sept. 3, Blockstream's Warren Togami addressed the issue, claiming that Bitcoin Cash is facing the risk of double spending because of its low hash rate.

At the same time, Bitcoin’s hash rate has increased by 10 percent. 6.6 percent of the BTC hash rate is required for the aforementioned attack.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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