Bitcoin Satoshi Vision (BSV) is apparently losing ground to become the ‘one true Bitcoin’ as its network capacity, and its support is decreasing in number.
Hash rate and Cost of Carrying Out 51% Attack
The total hash rate of the network also speaks volume about the cryptocurrency. The cryptocurrencies with a higher number of miners and daily transactions are more likely to be secure and priced higher as well.
It is evident from the two graphs that the total Hashrate for BSV has decreased since its inception. Moreover, it dropped below 20% since the #WeAreAllHodlonaut Movement gained traction. Furthermore, the hash rate of its immediate competitor has increased more than two-fold in the same period.
At press time, the cost of carrying out a 51% attack on Bitcoin SV is just around $6500. The same for Bitcoin Cash (BCH) is currently about four times that of BSV around $25000.
ETC which was under 51%…
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