Bitcoin last April (8.88% ) Bitcoin Cash ( which had a half-life before ()3.5% ) (BCH) and Bitcoin SV (2.92% ) (BSV) hash rate has been sharply reduced after half-life and has recently recovered. The industry analyzed that the miners of the two coins either abandoned mining or moved to Bitcoin and then returned after half-life of Bitcoin. After Bitcoin's half-life, the hash rate fell slightly and then recovered quickly. It is an analysis that miners continue to operate because the transaction fees are higher than the two coins.
BCH and BSV hash rate
cryptocurrency analysis bit Information chart according to (Bitinfocharts) BCH hash rate rose to 90% or from 10 days 1.43EH / s to 13 days 2.74EH / s. The BSV hash rate also rose from 1.1EH / s to 1.78EH / s during this period.
Earlier, the two coins passed their half-lives on April 8 and 10, respectively, and the hash rate fell sharply. BCH had a hash rate of more than 80% less than one day after half-life, and BSV dropped 60% for 14 hours.
As the hashrate decreased, cryptocurrency experts warned of the security risks of the two coins. Cryptocurrency expert Crypto 51 dot app pointed out that "the cost of attacking 51% against the BCH network for an hour is 14,400% higher than Bitcoin." The reason for this phenomenon was that miners who could not afford the operating cost when mining compensation was reduced turned off the miner or turned to bitcoin mining.
However, as the number of miners returning to BCH and BSV after the half-life of Bitcoin increases, the hash rate is also recovering. There are also observations that the return on the coin is faster because the three coin's mining profit is similar.
BTC
stable hash rate even after half-life Bitcoin shows a stable hashrate level after passing the half-life on the 12th. Looking at the data of the cryptocurrency mining platform CoinWarZ , the hash rate of Bitcoin decreased by 6% from 130.47EH / s to 122.64EH / s for 7 hours after half-life. Although it fell slightly, it is less than BCH or BSV. The average hash rate of Bitcoin over the past 7 days is 120EH / s, which has virtually returned to its half-life.
This is due to Bitcoin's high transaction fees. The transaction fees of BCH and BSV remained at $ 0.002 and $ 0.0002, respectively, while the bitcoin transaction fees have recently skyrocketed to $ 3.19. Shortly after the half-life, the block height was close to $ 100,000 from 630,000. "Bitcoin miner compensation accounts for 15% of transaction fees," said Jack Voell, an analyst at cryptocurrency media Coindesk. This means that the commission is large, and there is less concern about earnings deterioration after half-life.
There is also a cautious argument that the situation should be monitored more. Cryptocurrency service providers block spyware solution (Blockware Solutions) Matt de Souza (CEO) "half-life after mining those who are in danger of extreme" and "about 30% of the current hash rate "The miners are mining with zero profits." Digital asset manager Charles Edwards said, "After the half-life, the cost of mining per bitcoin has risen to $ 14,000 (assuming $ 0.04 in electricity cost per kWh). In his words, miners are currently in the red The miner is in operation.
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