Find out the details of the first split of the Bitcoin Cash Mining Bonus

0 14
Avatar for Mr.coolx17
4 years ago

Bitcoin Cash (BCH) One of the splits of Bitcoin and the fourth largest cryptocurrency in terms of market value, yesterday fought the first half of the mining reward, which was identified in block No. 630,000.

Yesterday's half-event occurred at 10:19 am UTC, and as a result of the event the Bitcoin Cash bonus was split from 12.5 to 6.25 Bitcoin Cash, meaning that Bitcoin Cash miners would get less Bitcoin Cash when mining each new block.

Bitcoin blockchain Cash has been produced as a fork of Bitcoin blockchain so there is a lot of similarities in the way the two networks work.

Bitcoin Cash miners earned $ 13.34 million in March from network support alone, meaning by mining and less than $ 4,200 in fees, if Bitcoin Cash prices remain at the same level they were in March, miners will only generate about $ 6.7 million of Rewards are halved, according to The Block research .

The current market value of Bitcoin Cash is around $ 4.9 billion, according to CoinMarketCap.

This number is 27 times less than the current market value of bitcoin, which is estimated to be worth more than $ 133 billion.

The other Bitcoin SV coin is also expected to complete the half in less than two days, that is, at the 629,775 block.

Meanwhile, half of the bitcoin mining bonus is expected to happen sometime next month.


1
$ 0.00
Avatar for Mr.coolx17
4 years ago

Comments