A few month ago I checked how much percentage of energy each country needed to perform a 51% attack. China is killing it.
Discussion
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Did you make a chart? Would be interesting to see. Currently bitcoin represents 1.73% of china's stated energy production.
Could be a real threat considering they do have the manufacturing power and the incentive if the US dumps gold in favor of the usdt btc standard.
No, I didn’t make a chart. The threat is there, but not so much the incentives.