Bitcoin Cash SV waives the right to championship, in Ohio, you can pay taxes in cryptocurrency. Up to 800,000 Bitcoin miners have stopped mining the coin.
The Bitcoin Cash SV team decided to abandon the fight for the name Bitcoin Cash (BCH). Its leader Calvin Ayre said that he will revive ideas of Nakamoto with his project, and therefore the product created will eventually become known as “true Bitcoin”. All that is now required is to solve the problem of protection against re-cheating as a result of false transactions.
According to Calvin Ayre, violation of the principles of Nakamoto had a negative impact on the development of cryptocurrencies, and only his team is able to save the project. However, while the ABC and SV coins are in an unenviable position. After hardfork quotes continue to decline, and mining of coins becomes unprofitable. Both teams suffer losses.
More about how to make money on the fall
In Ohio, you are allowed to pay taxes in cryptocurrency. State authorities have entered into an agreement with BitPay, which converts payments into fiat money. To do this, launched a special resource on OhioCrypto.com, where you can carry out all the necessary actions via the Internet. This innovation began to operate from November 2018.
Against the backdrop of falling prices cryptocurrency news was very important. With this decision, the authorities send a signal that Bitcoin may be legal tender. Which will be used by companies with transparent business schemes and law-abiding citizens.
Reducing the price of cryptocurrency leads to a loss of interest in mining. According to the founder of the pool of F2pool Mao Shixing, from 600 to 800 thousand devices are already disconnected. This mainly concerns the outdated Bitmain and Canaan Creative Asics.
The performance of Antminer T9 + and other models does not allow to extract a coin with a high degree of profitability. Energy costs are higher than revenue. Now the price of electricity in China is at $ 0.04 per kW. However, this phenomenon has a positive side. The complexity of mining Bitcoin has already dropped by 5% and continues to decline