Mining News

Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) miners are losing more than $0,7M per day

On November 15, Bitcoin Cash (BCH) hard fork activated. After the hard fork, Bitcoin Cash has split into BCHABC and BCHSV.

According to Bitmex Research, Bitcoin Cash ABC miners are making considerable daily losses, even larger losses than SV miners.

While the BCash SV price is $100, mining cost per coin is $249. 24-hour electricity bill is $458,000. 24-hour coin worth is $180,000. Therefore, the daily loss is $278,000.

While the BCash ABC price is $283, mining cost per coin is $527. 24-hour electricity bill is $948,621. 24-hour coin worth is $509,400. Therefore, the daily loss is $439,221.

According to this research, Bitcoin mining is profitable. While the Bitcoin price is $5,500; mining cost per coin is $3,341. 24-hour electricity bill is $6,013,568. 24-hour coin worth is $10,098,000. Therefore, the daily profit is $4,084,432.