Ethereum Classic’s 51% Attack Wasn’t Unexpected

These sites are not always right in every case, but they do give a pretty realistic/reasonable insight into how bad the situation is. ETC has a network hash rate of only 9 TH/s, while ETH which is on the same algorithm has a network hash rate of 167 TH/s. This means that at a minimum there is 176 TH/s of hashing power available worldwide and an attacker needs only 5 TH/s to pull off an attack, or less in some circumstances. Nicehash alone has 8.5 TH/s available for rent right now, so it is really not surprising at all.

Impact On Industry

Exchanges Must Adapt

Lessons At Stake

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