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by kss238 2734 days ago
Any large miner will be profitable mining long before they have more dormant hashing power to 51% bitcoin.
1 comments

Can you explain why this is the case, especially when the value of BTC is declining? The capital costs (ASICs and the power hookups) are sunk costs, and if it stops being profitable to opwerate all the ASICs honestly, or even to operate any of them if you don't have the lowest cost per hash on the network, then it may be quite valuable to attack the network and barely valuable at all to continue mining normally.
Quite likely an attack on BitCoin would send the price trough the floor before you would be able to cash out.