Bitcoin mining economics: Past, present and future

At the time of writing, the guaranteed (read: subsidized) revenue per BTC block is about $130,000.00 per block, and the guaranteed revenue per BSV block is about $415.00, which many people think is a metric that tells the whole story. But they are wrong! Bitcoin was never meant to deal with multi-chain economics, but since 2017, there have been at least two competing implementations, and since 2018, three competing chains: BTC, BCH and BSV. Add in XEC, and things really start to get into…
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