The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

As Bitcoin’s hashrate has declined since the halving on May 11, the hashrate of BCH and BSV has recovered after falling sharply after the halving in April. According to bitinfocharts data, BCH’s hashrate has declined since May 10. 1.43
EH/s grew to 2.74 EH/s on May 13, an increase of more than 90%. BSV’s hashrate also increased from 1.1 EH/s to 1.78 EH/s.

BCH and BSV before halving and BTC after halving Source: bitinfocharts.com

Miners flee after halving

After the halving of rewards for BCH and BSV on April 8 and April 10 respectively, the mining computing power dropped sharply. The block reward dropped from 12.5 BCH to 6.25
Within two days after minting BCH, BCH’s computing power dropped by more than 80%. BSV’s hashrate has also declined as miners have moved their hashrate to the BTC chain.

BTC hash rate rises as BCH and BSV halve Source: bitinfocharts.com

After the April halving, the BTC block was the most profitable in the cryptocurrency mining business. Ahead of this week’s BTC halving, there were predictions that less efficient miners would shut down their rigs as revenue declines.

So far, BTC’s hashrate has dropped by 24%, from 137 EH/s to 104 EH/s, but has not yet reached the levels that BCH and BSV experienced after their halvings. BTC’s block generation time is also longer.

F2pool mined the last block before the Bitcoin halving and wrote the New York Times headlines into this block. F2Phi said that according to its data, Bitcoin’s computing power has dropped from approximately 120 EH/s to 100
EH/s.

Miners Return to BCH and BSV Mining

Currently, the proportion of miners' income coming from BSV is very low. However, as of May 13, the total transaction volume of the BSV network has reached 88% of the total transaction volume on the Bitcoin chain, accounting for 54% of the total crypto transaction volume. Critics argue that these transactions are primarily about recording data.

Miners like F2pool have noted that BSV is currently more profitable than BTC: “
BTC mining revenue is slightly lower than BSV, but slightly higher than BCH. However, it noted that “BCH and BSV mining revenues are generally very close to Bitcoin mining revenues. "

Miners also generate some revenue from transaction fees, which are increasing for BTC, while those for BSV and BCH have been barely affected by the halving, remaining stable at $0.0002 and $0.002 respectively since mid-April.

BSV representative Ed Pownall slams Bitcoin’s transaction fees, tells Cointelegraph
, BTC’s average transaction fee peaked at $3.19 before the halving, but “
On May 11, Bitcoin processed a transaction of 1.2 Bitcoins at block height 630001, with a transaction fee of nearly $100. "

Bonnar believes that these fees are not the result of new user adoption of Bitcoin, but a form of price gouging or surge pricing: "This shows that the BTC network has reached the limits it has imposed in terms of serving the community."