Why Miners Are Mining Bitcoin Cash – and Losing Money Doing It

Jimmy Song is a bitcoin developer and principal architect at blockchain technology startup Paxos. In this opinion piece, Song discusses mining patterns on the bitcoin cash blockchain, theorizing on what they might indicate about the incentives powering the new cryptocurrency. Over the weekend, the bitcoin cash blockchain experienced a notable technical change. Like the bitcoin blockchain from which it forked, bitcoin cash is hard-wired to adjust how hard it is for miners to claim its rewards, and on Saturday, it Read more …