How did the BCH hash war affect the mining community?

1 answers

• May 03, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the BCH hash war had a significant impact on the mining community. It created a lot of uncertainty and instability, which affected the profitability and operations of miners. Many miners had to make difficult decisions and choose sides between Bitcoin Cash ABC and Bitcoin Cash SV. This division in the community led to a decrease in the overall hash rate of BCH, as miners shifted their focus to other cryptocurrencies or decided to mine BTC instead. The hash war also caused a decline in the profitability of mining BCH, as the increased competition and uncertainty made it less attractive for miners. The mining community experienced disruptions and financial losses as a result of the hash war. However, it also highlighted the importance of community consensus and the need for clear governance in the cryptocurrency industry.
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