You are viewing a single comment's thread from:

RE: Bitmain burns Bitcoin Cash: Clever tactic or desperate ploy?

in #bitcoin6 years ago

Thanks @clockface. It is an interesting tactic, although one must consider that if Antpool is burning 12% of its fees, and they only are 12% of the hashing power, you're really only burning a little more than one percent of all mining fees. Having said that, a one percent burn might not seem like much, but it's still a significant portion of all fees. This is why they are calling on all other miners to burn 12% of mining fees. A concerted effort could really boost the price - artificially, mind you.

My suspicion is that the larger community will get greedy and not want to join in on the burn, instead making money from other burners' efforts.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 58656.89
ETH 2307.72
USDT 1.00
SBD 2.48