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/ latest / 2019/04 / bitcoin-sv-miners-have-allegedly-lost-by-2-2 million-since-the-hard-fork /
The miners in Bitcoin Satoshi's vision blockchain (BSV) apparently have not been able to make a profit since the creation of cryptocurrency, as the low price of this coin may not have been enough to help them pay for energy.
According to a tweet published by BitMEX Research, the miners in the BSV chain have recorded a negative 12% gross margin since the creation of cryptocurrency via a direct connection to the Bitcoin Cash (BCH) network in November of the year. last.
Based on our estimates and the current coin price, since the November 2018 division, Bitcoin Cash SV miners have accumulated gross losses of USD 2.2 million (a negative gross profit margin of 12%). This only takes into account mining electricity costs: //t.co/U9hbK4peip pic.twitter.com/LE5elvKDge
– BitMEX Research (@BitMEXResearch) April 12, 2019
BitMEX Research shows that since the split, the BCH miners (BCHABC) have extracted 265,388 pieces, while those on the BSV side have extracted 263,550 pieces. While BCH chips are currently trading at $ 280, BSV chips are trading at $ 70 – a significant difference.
Doing the math shows that BCH miners generated $ 74.3 million worth of cryptocurrency from the hard fork, while BSV miners earned $ 18.4 million over the same period. The research division of the cryptocurrency exchange took into account the lowest mining electricity costs, 31.9 million for BCH miners and 20.7 million for mining miners. BSV.
He revealed that the BSV miners lost $ 2.2 million, while those who preferred to exploit Bitcoin Cash earned $ 2.4 million over the same period. BSV is supported in particular by the self-proclaimed Satoshi Nakamoto Craig Wright, who recently threatened to sue some crypto-Twitter users who claimed that it was "bad". fraud".
Craig Wright is not Satoshi.
More of this sh! T, we break up! https://t.co/hrnt3fDACq
– CZ Binance (@cz_binance) April 12, 2019
For example, Binance CEO Changpeng Zhao, the main cryptocurrency exchange, warned that if he did not change his behavior, the BSV token would be removed from the list. Such a move could significantly affect the price of cryptocurrency.
It should also be noted that Poloniex, a cryptocurrency exchange acquired by Circle last year, recently adding Bitcoin Cash and Bitcoin SV margin trading pairs for non-US customers at his platform.
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