Bitcoin (BTC) Hashrate Falls to Three-Month Low as Machines Move to Support Bitcoin Cash (BCH)

The slide in Bitcoin (BTC) prices has also come with a lowered hashrate – an indicator of mining activity that can be seen as a proxy for the network’s health.

The immediate reason for the lower mining activity is the Bitcoin Cash hash war, which is an ongoing competition between two branched chains, BCHABC, and BCHSV. While the BCHSV chain was deemed the minority, and BCHABC received the official ticker, the mining competition still continues. Some of the Bitcoin network hashrate has been recruited to help against attacks by BCHSV.

However, Bitcoin mining is in a precarious st…

This article appeared first on Cryptovest

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