The Bitcoin Cash and Bitcoin SV hash rates have recovered following a dramatic autumn after their halvings in April, as the Bitcoin hash rate declined since the May 11 halving.

According to bitinfocharts, Bitcoin Cash'southward hash charge per unit increased more than 90%, from 1.43 Exahashes/second (EH/s) on May 10 to 2.74 EH/s on May 13. The hash rate of BSV also grew from 1.ane EH/s to 1.78 EH/s.

BCH and BSV pre-halving and post-BTC halving. Source: bitinfocharts.com

Miners flee following halvings

Both BCH and BSV experienced a steep drib in mining immediately following their rewards halvings on April 8 and April 10, respectively. BCH's hash rate savage more than 80% in the two days later on the block rewards fell from 12.5 to 6.25 BCH. BSV also saw a reduction in hash charge per unit every bit miners moved their calculating power to the BTC chain.

BTC hash charge per unit rising effectually BCH and BSV halvings. Source: bitinfocharts.com

Following the April halvings, BTC blocks were some of the most profitable for crypto mining operations. In the lead upwards to this week's BTC halving, at that place were predictions miners with less efficient rigs would shut their machines down every bit revenue roughshod.

So far, the BTC hash rate has declined 24% — from 137 EH/south pre-halving to 104 EH/s — but not quite to the extent that BCH and BSV did after their halvings. BTC has seen longer block product times besides.

F2pool, the miner responsible for the NY Times headline contained in the final BTC block extracted before the halving, said its figures show the hashrate had dropped from roughly 120 EH/s to 100 EH/s.

Shifting back to BCH and BSV

The pct of miner revenue coming from fees is currently low for BSV. All the same,  transactions of the BSV network take hitting around 88% of the total of those done on the Bitcoin concatenation, and 54% of the number of crypto transactions, overall on May 13. Critics argue the transactions are mostly writing data.

Miners like f2pool take noticed how BSV is more profitable than BTC at the moment: "BTC mining revenue is slightly behind BSV, but slightly higher than BCH." However, it noted, "the mining revenue of Bitcoin Cash and Bitcoin SV usually remains very close to the mining revenue of Bitcoin."

Miners besides receive some acquirement from transaction fees, which are increasing on BTC, while those for BSV and BCH have largely been unaffected past either halving, remaining a fairly abiding 0.0002 USD and 0.002 USD, respectively, since mid-April.

BSV representative Ed Pownall took a shot at Bitcoin's fees, telling Cointelegraph the boilerplate transaction fee for BTC peaked at $3.xix prior to the halving, but "May 11 saw 1.2 BTC processed at block height 630001—with a transaction fee of shut to $100."

Pownall argued these fees are not the outcome of new users adopting Bitcoin only rather a form of price gouging or surge pricing: "Information technology's a sign the BTC network reached its imposed limits governing how well it can serve its customs."