Bitcoin Cash's value is backed by Miners

We have 50% of the mining power on Bitcoin Cash at the moment. As long as miner continues to put more hash powering onto Bitcoin Cash, the value of Bitcoin Cash will increase. Historically it took $1000 USD of Electricity to mine a Bitcoin, and now we have 50% of that money spent onto Bitcoin Cash. Isn't that eventually means Bitcoin Cash should have 50% of the value of a Bitcoin? What do you think?

Here is a graph showing the mining power in the past few days: BCH vs. BTC

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