Bitcoin Forum

Economy => Economics => Topic started by: figmentofmyass on November 12, 2017, 11:30:50 PM



Title: Economic effect of Bitmain accepting only BCH for new mining rigs
Post by: figmentofmyass on November 12, 2017, 11:30:50 PM
bitmain is the biggest manufacturer of ASIC miners. they've dominated the market for years now, and this is only increasingly true over time. it's well known that they are the primary backers of bitcoin cash (BCH).

as of 1-2 months ago, bitmain stopped accepting BTC or USD payments for new orders of mining hardware. instead, customers can only pay in BCH.

given the total and circulating supply of BTC and BCH, how much can this affect the price of both? what effect would you expect this activity to have on the larger mining economy?