After the BTC halving, miners began to migrate to Bitcoin Cash and Bitcoin SV.
After the Bitcoin Cash halving in April, twoMiners quickly switched to BTC mining, hashrateBitcoin is up 30% in those days.
After the Bitcoin halving on May 11, the BTC hash rate decreased by 24%.While the decline doesn't look as catastrophic as BCH and BSV used to be, miners have begun to shut down energy-intensive legacy equipment and move to easier and more cost-effective mining of alternative assets.
The largest mining pool F2pool notes that BSV mining is the most profitable at the moment, nextBTC mining, and in last place is BCH.
Subscribe to ForkNews on Telegram
Read this:
Bitcoin Cash halving will take place today (updated)
Bitcoin miners earned about $ 5 billion in 2019
51% attack on Bitcoin Cash network costs less than $ 10,000
Roger Vera's pool refused to support a “tax” for Bitcoin Cash miners
CEO of Bitcoin.com Stefan Rust called Bitcoin gold, Bitcoin Cash - money, and Bitcoin SV - scam
Binance Research: Bitcoin SV miners are not profit-oriented