5 ms·
Hash rate is 90+m terahash and increasing, good luck R&Ding the chips and obtaining enough to achieve. Retail pricing is around 3k per 50 TH/s, and that is just
by lmpostor 7y ago
Hash rate is 90+m terahash and increasing, good luck R&Ding the chips and obtaining enough to achieve. Retail pricing is around 3k per 50 TH/s, and that is just for hardware.
- qroshan 7y agoThere is a reason you are lurking in HN instead of working in a hedge fund. The theoretical maximum value one can gain from Bitcoin going to $0 is it's market cap ($184,000,000,000). If you take out the liquidity and risk, I can spend upto $184B to make the Bitcoin go to 0. If you are state actor, you can direct all the energy and all the computers to attack Bitcoin
- jkhdigital 7y agoEver heard of derivatives?
- kristjansson 7y agoSure, naked shorts are bounded, but a naked short is not the only way to profit from the decline of an asset. And really, if you’re talking about limiting cases, you’re bounded by what your counterparties are good for, and by what your relevant regulators will let you get away with (or, depending on who your counterparties are, how far you can go before you end up in a ditch somewhere)
- kragen 7y agoThis level of civility falls short of the standards we attempt to maintain on this website.
- james_s_tayler 7y agoThere is a reason you're lurking on HN instead of working in a hedge fund. You assume you can take the liquidity and risk factors out of a 51% attack. You also assume you can procure that amount of hardware. You also you can procure it instantly. Bitcoin is at least immune to imaginary 51% attacks, so I don't think anyone has anything to be worried about from your fake imaginary hedge fund.