BCHSV and BCHABC Are Blowing Money Right Now
I have a strong feeling that as this war continues on and as both parties involved continue to mine as stupid high rates and blow tons of money that they price continues to be driven down.
This battle is doing nothing and my hopes honestly all the money comes out of bitcoin cash and goes back to bitcoin directly where it belongs!
You see BCash SV and BCash ABC are hemorrhaging money right now in terms of power and mining capacity.
BCashSV - $121.47
BCASH ABC - $270.22
as of 11-16-2018 at 2:38pm EST
What does this mean for cost ?
Roughly a deficit of
BCASHSV - $239,354/ 24 hours
BCASHABC - $462,621/24 hours
Now put that into comparison of Bitcoin
Round bitcoin t a price point of $5,500
A profit of $4,084,432
That's over $700,000 a day being blown on bitcoin cash. Lets see how long they can keep that up lol
Welp. Guess it's their money - not mine.
Any idea why the hash power war is being invested in so heavily? I mean, I know that there's the obvious reason of controlling a fork, but usually when there is money like that pouring into an almost obsolete crypto there is an ulterior motive going on.
Actually kinda all of us-Jihan,Roger,and CSW are selling bitcoin/other crypto to fund this war.
only people winning this game are the people that own the hardware selling it and the power companies lol
Sad times indeed.
Very interesting and demonstrates to importance of community and consensus... Not sure what they will be left with after all is said and done. Will be an interesting weekend to see how markets react to any potential outcome.
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