Arcane Research and Kryptografen are both owned by Arcane Crypto
As the miner subsidies on BTC halved on Monday May 11th, the bitcoin forks has regained some of its relative hash rate.
Arcane Research wrote about this in their ‘Weekly Update‘.
However, the initial data following the halving indicates that the fork protocols has lost significant shares of the total SHA-256 hash rate:
- Bitcoin Cash held an average relative hash rate of 3.4% prior to all halvings. Following all halvings, this relative hash rate shrank to 2.46% of the relative hash rate.A 28% reduction in hash rate.
- Bitcoin SV held an average relative hash rate of 2.39% prior to all halvings. Following all halvings, this relative hash rate was reduced to 1.75% of the relative hash rate. A 27% reduction in hash rate.
In the period between the fork halvings and the bitcoin halving, the forks held even lower shares of the relative total hash rate at 1.49% (BCH) and 1.15% (BSV).
This hash rate distribution is more or less solemnly driven by the price differences in the protocols, as miners seek to maximize profit. The BCH price relative to the BTC in the estimation window prior to the halvings was ~3.45%, while after all halvings the relative price was ~2.6% of the BTC price.