BCH, BSV Block Halvings Will Force Miners to Bitcoin (BTC) — Report
cointelegraph.com
Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast. In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner capitulation.
Next month, hard forks BCH and BSV will both undergo a block reward halving — reducing the number of coins awarded to miners each block by 50%. “When Bitcoin Cash and Bitcoin SV halve their block rewards, this should force miners to direct even more hash power to Bitcoin as it will still have a 12.5 native unit block reward (instead of 6.25) for about a month longer,” the report adds.
Read in Full: cointelegraph.com
