April 17, 2021

Miners began to switch from Bitcoin to Bitcoin Cash and Bitcoin SV

After halving the rewards to the Bitcoin miners, the hash rate of Bitcoin Cash and Bitcoin SV began to grow again. Obviously this associated with the transition of some miners.

Bitcoin miner reward halvingCash and Bitcoin SV passed in early April, and after that a significant part of the miners switched to mining the first cryptocurrency. However, a halving occurred on the Bitcoin network the day before yesterday, so the miners began to return to mining BCH and BSV.

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Immediately after halving the hash rate in the Bitcoin networkCash was down 80%. A little later, he recovered somewhat, but still amounted to no more than half of the previous figure. At the moment, the Bitcoin Cash hash has almost doubled - if on May 10 the network hash was 1.43 Eh / s, then on May 13 it increased to 2.74 Eh / s. The Bitcoin SV hashrate increased from 1.1 Eh / s to 1.78 Eh / s.

For the first day after halving the rewardBitcoin miners, the hashrate of the first cryptocurrency network decreased by 16%. This was the result of disabling obsolete equipment and the transition of miners from mining bitcoin to mining alternative cryptocurrencies.

It was previously reported that a drop in hashrate in the Bitcoin Cash and Bitcoin SV networks after halving the reward made them vulnerable to a 51% attack.

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