RATE Group | Hashrate, Profitability for Bitcoin Cash, SV, and Litecoin Slip as Dash Holds Strong
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Hashrate, Profitability for Bitcoin Cash, SV, and Litecoin Slip as Dash Holds Strong

23 Oct Hashrate, Profitability for Bitcoin Cash, SV, and Litecoin Slip as Dash Holds Strong

Posted at 19:22h in Bitcoin News by

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Top payment cryptocurrencies, including Bitcoin Cash, Bitcoin SV, and Litecoin, face future mining profitability issues and have seen hashrate drops, in contrast with Dash.

According to mining data pulled recently, several major cryptocurrencies pull very minor revenue from network transaction fees, calling into question the future viability and profitability of securing those networks. Last week, total fees generated by the entire Litecoin network over the course of a day equaled $453.77. Bitcoin Cash and Bitcoin SV generated, respectively, $103.91 and $79.94 respectively. This contrasts significantly with Bitcoin, which receives a much more significant portion of its mining revenue from fees at $132,790 over the same day.

Miners in proof-of-work cryptocurrencies are compensated in part by fees and in part by supply…

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