In the last two days there have been two critical posts published against the Bitcoin Satoshi’s Vision network (BSV). On December 17, Binance Research published an allocation mining report that analyzed the mining activities of BTC, BCH, and BSV and the research detailed that BSV miners are mining irrationally to protect their investment. The following day, the firm Bitgo published a report that disclosed it will be depreciating BSV because of the upcoming hard fork that aims to remove Pay-to-Script-Hash (P2SH) outputs.
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Bitcoin SV Mining Criticized by Binance Research
The Bitcoin Satoshi’s Vision network (BSV) is being criticized for a couple of reasons this week and the topics are trending within the cryptosphere’s chatter. For instance, on Tuesday the research team for the crypto exchange Binance published a report that disclosed the mining activities of BTC, BCH, and BSV in 2019. The report highlighted that cryptocurrency mining has become far more…