At a market price of $37.10 and a minimum mining energy cost of $346.10 per coin it is now at a -787% ratio.

In other words, per the conversation in my previous article, it is not profitable to mine BCH SV under a simple rational actor model and the network exists in an artificially inflated state.

The Coingeek Pool

The Coingeek mining pool is run by Calvin Ayre who supports Craig Wright’s Satoshi Vision split of Bitcoin Cash (from what was once a routine maintenance fork).

It is left to the reader to judge the merits of the competing networks and decide which one is the opportunistic fork of a fork.

Regardless, today BCH SV demonstrates that it is in an incredibly dangerous situation: with Coingeek representing more than 51% of the network hashrate it means they (even if they don’t execute it) have the ability to perform a 51% attack on the network.