Bitcoin is 43% More Profitable Than Craig Wright’s ‘Miner-Friendly’ BSV

When Craig Wright formed an alliance with CoinGeek founder Calvin Ayre to launch a hostile takeover of the Bitcoin Cash (BCH) network, the two men predicted that their BCH implementation — Bitcoin SV (BSV) — would quickly accrue near universal support among miners due to its allegedly miner-friendly protocol specifications. This support would be so comprehensive, they boasted, that the other BCH would quickly cease to exist. Actual events, of course, took a very different turn, and before long, BSV’s backers had resigned themselves to pursuing “Satoshi’s original ‘original vision’” on yet another independent blockchain.

Now that the dust has settled, Bitcoin Cash and Bitcoin SV have similar hash rates, though BCH has accumulated 28.9 percent more proof of work since the fork. Notably, though, there is a stark contrast in the economics of mining these two networks, both of which continue to utilize the SHA-256 hashing algorithm.

Taking coin price, network…