The Bitcoin Cash (BCH) Hash Wars Led to Large Indirect Losses
Cryptovest
Published Nov 22, 2018 03:49PM ET
Updated Nov 22, 2018 05:01PM ET
The Bitcoin Cash (BCH) Hash Wars Led to Large Indirect Losses
Bitcoin Cash (BCH) led to significant losses, either direct or indirect, after the chain branched on November 15. The mining wars themselves generated crypto assets which cost much less than the mining costs, according to rough estimates.
The direct mining losses are relatively small:
https://twitter.com/alistairmilne/status/1064986084101316609
Added to this are the still-indefinite losses of the missed opportunities in mining Bitcoin (BTC).
But perhaps the biggest loss was for traders who suddenly saw assets and tickers enter a period of confusion. Before the fork, the most dramatic loss of value happened on OKEx, which decided to terminate futures contracts, and incurred deep ...
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Written By: Cryptovest
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