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Bitcoin Cash Undergoes ‘Halving’ Event, Causing Miners To See Gross Margins Drop

Ramsey Baker

Summary: Bitcoin Cash, the blockchain which forked off Bitcoin in 2017, has halved its block rewards, causing many miners to see gross margins fall to near zero. The world's fifth-largest cryptocurrency network by market capitalization reached block height of 630,000 at around 12:20 UTC on Wednesday, which by design triggered the "halving" event that dropped the ...

Bitcoin Cash, the blockchain which forked off Bitcoin in 2017, has halved its block rewards, causing many miners to see gross margins fall to near zero.

The world's fifth-largest cryptocurrency network by market capitalization reached block height of 630,000 at around 12:20 UTC on Wednesday, which by design triggered the "halving" event that dropped the network's mining reward from 12.5 bitcoin cash (BCH) per block to 6.25.

By Ramsey Baker

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