Initial data shows that the hash rate has dropped more than 66 percent in Bitcoin Cash. While the hourly cost of organizing a 51% attack on Bitcoin Cash is much cheaper than yesterday, Bitcoin mining is 40 percent more profitable than Bitcoin Cash mining.
Expectations came true after the split in Bitcoin Cash yesterday.
It was estimated that miners would leave the network after halving the reward per block. The first measurements on the network show that the hash rate, which represents the total computing power, has declined from 3.95 exsahash per second to 1.31 exsahash since yesterday. A little more time is needed for exact results, but the current picture does not look good at all.
The higher the hash rate, the more secure this network is and is resistant to external attacks. A sharp drop in hash rate, as seen in Bitcoin Cash, makes the network more vulnerable to attacks.
According to website Crypto51.App, which theoretically shows the cost of organizing a 51% attack on blockchains, the one-hour cost of such an attack on Bitcoin Cash is $ 7,500. This figure was over 22 thousand dollars yesterday.
Bitcoin mining is 40 percent more profitable
On the other hand, in the light of the latest data from Fork.lol, Bitcoin mining is currently 40 percent more profitable than Bitcoin Cash mining. This data is the answer to why Bitcoin Cash miners are leaving the network.
BCH maintains its stable course at the level of $ 262 when the news is published.