Market Cap
24h Vol
7054
Cryptocurrencies
82724
Markets
Bitcoinist
2020-01-09 23:00:18

Bitcoin SV, Bitcoin Cash Halvings Spell Doom For The Miners

Mining is supposed to be a lucrative activity, earning cryptocurrency by running specialist machines continuously. But for Bitcoin SV (BSV) and Bitcoin Cash (BCH), this simple process is proving to be far from profitable. Miners Absorb Low Fees, Non-Lucrative Block Rewards Miners for the two blockchains, which split off from Bitcoin (BTC) in a rather contentious manner, are working altruistically to support the chain. Additionally, both chains boast of much cheaper transactions, meaning very lowRead More The post appeared first on Bitcoinist.com.