Bitcoin Cash Hash Rate Drops By 37 Percent in One Day

  • Alex Dovbnya
    📰 News

    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


Bitcoin Cash Hash Rate Drops By 37 Percent in One Day

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.  

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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