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MASSIVE Bitcoin Hashrate COLLAPSE… 51% ATTACK POSSIBLE???

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The Bitcoin hashrate dropped by appr. 18% in within just 12 days. Could this massive Bitcoin hashrate collapse be dangerous for the Bitcoin price? If 18% of the hashrate can just disappear so fast what about a potential 51% attack?

00:00 Intro
01:04 The Bitcoin Mempool
02:27 18% Bitcoin Hashrate Drop
04:31 Explanation for the 18% HR Drop
06:43 Difficulty Adjustment
08:20 Summary
09:39 Outro (Instagram @sunnydecree.official)

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6 Comments

  1. Sunny decree

    It is not a collapse. It's a normal phenomenon this time of the year. Miners are moving their ASICs in China because of the end of wet season. It is a temporary drop, it will go back within a week or so.

  2. BTC is decentralized yet has the top 4 mining pools in China ~roughly 50-60%… Personally feel this is a severe flaw. If the CCP suddenly decides to shut all these operations down (which it can within a week if it wants) BTC is in for a rough time … :/

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