There are no winners in the "hash war" Bitcoin Cash – Experts say

Both parts of the BCH "hash war" are mining at a major loss – BitMex Analyst

Miners on both sides of the Bitcoin monetary divide are currently posting considerable losses after the heavy fork on Nov. 15, BitMex Exchange crypto experts said.

According to analysts in the research division of the Hong Kong-based derivatives cryptography exchange, the miners at Bitcoin Cash ABC and Bitcoin Cash SV were making huge losses according to their estimates.

The researchers had set up a network monitoring tool for Bitcoin Cash (BCH), in anticipation of the extremely controversial procedure that finally materialized on Thursday.

The monitoring tool that also monitors Bitcoin [BTC] blockchain has shown that miners on the side of Satoshi Vision (Bitcoin Cash SV) burn about $ 280,000 per day of mining on the chain. The following table shows that Bitcoin SV has extracted coins valued at $ 180,000 a day on the basis of a symbolic price of $ 100. However, this was canceled by a mining cost per coin of $ 249, derived from a daily electricity of $ 458,000.

The Bitcoin ABC miners made bigger losses according to the tweet posted by the BitMex research team. The monitoring tool data estimated that ABC miners had to shell out up to $ 948 621 per day in electricity costs, which brought the cost of electricity. extraction per room at $ 527. Priced at $ 283 per chip, the ABC miners earned about $ 509,400, leaving a daily deficit of $ 439,221.

Put in perspective, Bitcoin [BTC] minors earn $ 4,084,432 daily in net profits. This comes from a coin extraction cost of $ 3,341 and a coin value of $ 5,500.

BitMex explained that the figures were based on Bitmain's Antminer S9 machines and that its energy cost was 5 cents per kWh.

Bitcoin Cash Hash War continues

According to the data of CoinDance, Bitcoin ABC still ahead of Bitcoin SV, but in a very small way after 292 blocks extracted after the change of consensus. Bitcoin ABC is 18 blocks ahead and 59.3% ahead of Proof of Work.

Bitcoin Cash SV retains the support of Coingeek owner Calvin Ayre; its blocks are operated by the Coingeek pool, the SV pool and the BMG pool, while Bitcoin Cash ABC is supported by Bitmain's CEO, Jihan Wu, and has been operated by the BTC pool to this point. com, the Bitcoin.com pool, AntPool, ViaBTC and Waterhole.

As Smartereum reported, Bitcoin ABC had led SV nearly 50 blocks earlier, but this figure was reduced to 18 at the time of writing. Craig Wright, of Bitcoin's SV, had previously warned against the need to make hasty conclusions about the hash war because it considers it a "marathon".

Notable exchanges in support of Hardfork began to distribute the new Bitcoin money tokens. Binance announced yesterday that it has removed the original bitcoin (with the BCC symbol) from bitcoin and replaced it with Bitcoin Cash ABC and Bitcoin Cash SV on a 1: 1 basis for its loyal customers. He assigned the symbols BCHSV and BCHABC, respectively, to the new chips and his CEO, Changpeng Zhao, said there would be no turning back on this decision.

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