The war for Bitcoin Cash costs billions. No end in sight
Source:
The Battle for control becomes unnecessarily expensive. The fourth largest cryptocurrency began to attract a lot of attention this week when two competing camps. The developers were unable to agree on the details of the code updates and eventually broke up into two different blockchain. Both factions immediately began the race to the hash capacity is called «Consensus Nakamoto». It wins the one in possession will be found more blocks.
According to Research, two camps under the names ABC and SV day spend 700 thousand dollars for the maintenance of mining racks. Core developer of Bitcoin also claims that these costs must be added lost a million a day because the network was no longer mine bitcoins.
If you believe the tracker , the camp is still ahead, but the balance of power is still subject to change. Director at FINTECH strategy in Autonomous Research in London Lex Sokolin describes it as the ability to control "tomillares company" by reallocating their resources.
theWhy is this needed?
The winner will Have the opportunity to make changes to improve it, and achieve more effective mining of coins. Other advantages attractive to the best developers and the opportunity to attract more miners to the pool. In addition, the new leader can have a significant impact on the value of the coin.
According to Bloomberg, the camp is headed by Chinese mining giant and investor . Branch of SV or the so-called Satoshi’s Vision is managed by billionaire Ira and Calvin , who called himself the true Creator of Bitcoin Satoshi Nakamoto.
According to journalists who have lost Cash of 2.79 billion dollars in market value last week. More data to search for .
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