A BitMEX Research suggests that Bitcoin Cash (BCH) miners have already incurred a loss of nearly $6.1 million in gross revenue since last week’s blockchain split, assuming that most of the hash rate on both sides of the Bitcoin Cash “hash war” has been leased.
The Tweet said:
Hash war estimated costs live update
* Estimated leasing fees: $8.1m
* Combined gross losses: $6.1m
Even assuming cheap energy costs, SV miners have a negative gross margin of 353% & $1.4m of gross losses. @CalvinAyre @ProfFaustus cant keep this up forever. pic.twitter.com/CdTQm0vVf4
— BitMEX Research (@BitMEXResearch) November 19, 2018