The hot Phase has opened: in a little more than 30 days, the Bitcoin Halving in 2020 will take place. While in the crypto world is still hot debate about what the impact of the Halving on the Bitcoin exchange rate, we were able to collect for the two ‘derivatives’ Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) is now already good impressions. In this article we want to look at what is the impact of the Halving on Bitcoin Satoshi’s Vision.More than an hour of combined expertise you can see in our latest Video of Florian and Mirco for the upcoming Bitcoin Halving, as well as the Disaster in the case of Bitcoin Cash. A Lot Of Fun!
Bitcoin Satoshi’s Vision Of Halving 2020: An Overview
Yesterday, Friday, the first Halving took place in the still young history of Bitcoin, Satoshi’s Vision. This — halved as is the case with every Halving — the block reward for the Miner. Of course, such an Event does not take place out of Nothing. On the contrary: it is deterministic and thus predictable. Nevertheless, it is interesting to see how the Miner responded. And this is exactly what we are looking at today.One thing in advance: The effects were not (quite) so fatal as in the case of Bitcoin Cash. So was almost exactly 24 hours before yesterday’s Halving of BSV same Event at BCH. However, there was — at least in the short term — a massive response from the Miner, the read brought the hash rate up to 80 percent.
BSV Hashrate breaks (as well): 70% decrease in performance
Now let’s take a detailed look at the current statistics and Figures of the BSV Blockchain. We can do this via Explorer, as, for example, blockchair.com .The current Hashrate (yellow marker) is 0.92 Exahashes per second. This is not only compared to the Bitcoin Hashrate (104 Exahashes/s), a drop on the hot stone, but also in comparison to the hash rate before Halving a huge decline. The computing power has declined in the last 2 days of formerly 3.06 u/s to just above 0.92 Exahashes per second. This corresponds to a percentage drop of over 70 percent.Here the economic component of the Halvings: game theory and the basic need of profitability is clear. With the reduction of the block rewards, as well as the currently declining price of BSV the business BSV Mining for many miners ‘profitability. As a consequence, they pull their computing power.The best and safest stock market choose for you to opt for the right provider is not always easy. Therefore, we recommend that you take a look at our Bitcoin brokers & exchanges to throw a comparison. Trading on the safest and best exchanges in the world! For Comparison
Bitcoin Hashrate has been increasing for a few days
We can say that both BCH and as BSV had to experience a significant drop in the Hashrate. The two networks are now much more uncertain, so a few days ago. In Parallel, we see since the 04. April, a rise of the Bitcoin Hashrate to some Exahashes. This is Blockchain evidence that some of the miners that pull their computing power and, again, the Blockchain dedicate that provides the greatest profitability: the Bitcoin.How do you see the chances for BSV? — Will pull off another Miner or can stabilize the hash rate again?Come on in to our Telegram Chat and talk with the experts and the Community!
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