BitMEX Research: Mining Of Bitcoin SV Resulted In $2.2 Mln Of Losses

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After the split of Bitcoin Cash ABC (BCH) and Bitcoin SV (BSV) in November 2018, the miners supporting BSV suffered an estimated loss of more than $2.2 mln to ensure the network security, according to BitMEX Research. According to the study, the miners of BSV have accumulated gross losses of $ 2.2 million just for electricity. The study suggests that supporting the BSV network has no financial sense. These losses are estimated at an even higher volume, taking into account the depreciation of equipment, overhead costs and labor costs. Image courtesy by Altcoin Flow Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies Found a mistake?

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After the split of Bitcoin Cash ABC (BCH) and Bitcoin SV (BSV) in November 2018, the miners supporting BSV suffered an estimated loss of more than $2.2 mln to ensure the network security, according to BitMEX Research. According to the study, the miners of BSV have accumulated gross losses of $ 2.2 million just for electricity. These losses are estimated at an even higher volume, taking into account the depreciation of equipment, overhead costs and labor costs. Meanwhile, those who support BCH received a gross profit of $42.4 mln.

20.11.2018  |   in Cryptocurrencies Roger VER vs Craig WRIGHT: How Bitcoin Cash Hardfork Turned Into Battle Between Bitmain and CoinGeek As it is known, the fork resulted in the major miners choosing sides: Bitmain took the side of BCH. Most of the BSV mining is run by facilities that reportedly...

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