BTC miners earned up to four times more in revenue than their counterparts Bitcoin SV and Bitcoin Cash network combined as we can see in the latest cryptocurrency news today.
According to a tweet published on Friday from ‘’Shakepay’’, the BTC miners earned about $540,000 in transaction fees. This figure is up to four times higher than the $130,000 earned by miners on the BSV and BCH chains combined in the past 12 months. The data from BitInfoCharts.com shows that there is a bigger median transaction value on the BTC chain than the other two. Similar to the trend with transaction fees, the value of BTC transactions per day surpasses the one of BSV and BCH combined by a wide margin.
Bitcoin regularly posts about $500,000 in transaction fees alone on a daily basis. The Bitcoin cash miners, by comparison, see less than $200 in transaction fees per day. Back in 2019, the BSV miners were still running at a loss even when the chain split.
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The number one cryptocurrency is still some way off from the likes of Visa in terms of daily transaction volume. For now, bitcoin remains the king of low fee money transfers especially since a few days ago a bitcoin whale moved more than $468 million transactions for less than $400 in fees. The massive gap in transaction fee earnings makes up a great proof of Bitcoin’s primacy over the forked chains such as Bitcoin Cash. When it makes its improvements, the likes of BCH and BSV have yet to show some huge results in order to justify the strong arguments of their existence.
As previously reported in the altcoin news, more than 85% percent of Bitcoin SV transactions come from the weather app. After the rumors about the increasing block limit to 2GB, some have taken to troll the altcoin with ridiculous comments that regard the huge transaction blocks for weather reporting. When the year started, some exchanges such as Binance, delisted the BSV altcoin in response to the cyberbullying campaign of Craig Wright and Calvin Ayre against some people that ridiculed Wright of being the real creator of bitcoin.
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