This is correct if and only if the chain still has ONLY 5% h...

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62c436e90d4244fd6eac4e380ff362e463e8b6da20eb55d7613e9bb10d4c8ee8...
This is correct if and only if the chain still has ONLY 5% hashpower left after retarget. When a minority chain hits its first difficulty reset, its difficulty becomes much easier — up to 75% easier. This creates huge profitability per TH/s compared to the majority chain that has not yet adjusted downward.
That effect attracts miners immediately because miners are greedy. You omitted the central premise of my argument — that miners will rapidly return to the newly adjusted chain because the 75% difficulty drop creates a sharp profitability spike. Therefore, your conclusions rely on an unrealistic assumption of static, low hashrate.
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