Topic: 40 % of miners already moved from Bitcoin to Bitcoin Cash (Read 2450 times)
The EDA has been removed.
Miners starting mining bitcoins again and bitcoin cash will be left behind, now that segwit has been activated we hope the transaction fees will be lowered.
Miners are whimsical minded people. The moment we thought that BitcoinCash has the momentum, all the hash power went back to Bitcoin.
https://bitinfocharts.com/comparison/hashrate-btc-bch.html
There are also times when it is hard to find a block in BitcoinCash. Sometimes it will take hours before a block is mined.
https://cash.coin.dance/blocks
I believe a Bitcoin price pump will leave BCC behind in hash power with no miner crazy enough to mine at a loss.
https://bitinfocharts.com/comparison/hashrate-btc-bch.html
There are also times when it is hard to find a block in BitcoinCash. Sometimes it will take hours before a block is mined.
https://cash.coin.dance/blocks
I believe a Bitcoin price pump will leave BCC behind in hash power with no miner crazy enough to mine at a loss.
I feel like BCC is just a new development for miners to maximize their profits by sloshing back and forth and taking advantage of the oscillations in difficulty. Seems like most people are more interested in FUDding everything than this potential; hopefully 2X won't be another alt like this.
Yesterday BCC was profitable by 233% over BTC, today it is 54% under, according to
https://whattomine.com/asic?utf8=✓&sha256
Guess the difficulty went sky high
https://whattomine.com/asic?utf8=✓&sha256
Guess the difficulty went sky high
BitcoinCash(BCC)
SHA-256
BT: 52m 16s
BR: 12.50
LB: 481,872
272,888,550,039
373,739.60 Th/s
0.0%
0.0129
0.0129
0.16293000
(Bittrex)
0.7%
$4,390,193,241
6,209.80 BTC 0.0021
0.0021 $8.71
$5.42 55% | 55%
101% | 122%
Right now it's only 55%... so who switched to Bitcoin Cash will switch back pretty soon
Yesterday BCC was profitable by 233% over BTC, today it is 54% under, according to
https://whattomine.com/asic?utf8=✓&sha256
Guess the difficulty went sky high
https://whattomine.com/asic?utf8=✓&sha256
Guess the difficulty went sky high
It was a real move - but very brief, perhaps a day and a half to 2 days during a short period where BCH was more profitable than BTC - but the move swamped the BCH network hashrate, diff went up a LOT, and now many or most of those miners are moving BACK to BTC.
Nothing new here, "move to the more profitable coin" has a LONG history where alts on the same algo have existed (and even more so on CPU and GPU mineable coins where you're not limited to the same algo).
Nothing new here, "move to the more profitable coin" has a LONG history where alts on the same algo have existed (and even more so on CPU and GPU mineable coins where you're not limited to the same algo).
I do not trust this figure. It seems to me that this is another fake from interested persons to attract the attention of small miners to mining bitcoin in cash. BTC is still popular and I doubt that the bitcoin cash will ever be able to compete with him.
If you do or don't trust this figure doesn't matter.
Fact is that many miners changed from BTC to Bitcoin Cash.
https://cointelegraph.com/news/bitcoin-users-vent-frustration-as-hashrate-drops-50-percent-in-4-days
I do not trust this figure. It seems to me that this is another fake from interested persons to attract the attention of small miners to mining bitcoin in cash. BTC is still popular and I doubt that the bitcoin cash will ever be able to compete with him.
I think its currently more profitable, plus bcc folks have a lot of money to back their coin up, its a shitty thing that miners don't actually care about decentralization
At https://cash.coin.dance/blocks you can see which one is the most profitable. Now it's bitcoin again, so I guess the miners will keep switching...
I think its currently more profitable, plus bcc folks have a lot of money to back their coin up, its a shitty thing that miners don't actually care about decentralization
The good news is the difficulty of Bitcoin mining will go down. Would that mean that ordinary people like us can start mining Bitcoin again from home? What is the best Asic miner and how much would it cost today?
It might look concerning now but long term it will be a win for Bitcoin miners. The big guys all jump on Bitcoin cash and the home user keeps the Bitcoin network alive again how it always was meant to be. Then when bcc becomes too hard they will jump back to Bitcoin again. But if you do care for Bitcoin I recommend keeping mining on the main network to keep it alive. In the further future when mining stops we need a lot of volunteers to keep the network up something to already think about. Everything leans on Bitcoin how we see pricing in crypto.
I think the miner jump will be only about 30-40%. So both chains should be fine.
I'll pick up 5 or six S9 or T9 on that sale tomrow need to get in on the next fork lol
The good news is the difficulty of Bitcoin mining will go down. Would that mean that ordinary people like us can start mining Bitcoin again from home? What is the best Asic miner and how much would it cost today?
It might look concerning now but long term it will be a win for Bitcoin miners. The big guys all jump on Bitcoin cash and the home user keeps the Bitcoin network alive again how it always was meant to be. Then when bcc becomes too hard they will jump back to Bitcoin again. But if you do care for Bitcoin I recommend keeping mining on the main network to keep it alive. In the further future when mining stops we need a lot of volunteers to keep the network up something to already think about. Everything leans on Bitcoin how we see pricing in crypto.
I think the miner jump will be only about 30-40%. So both chains should be fine.
The good news is the difficulty of Bitcoin mining will go down. Would that mean that ordinary people like us can start mining Bitcoin again from home? What is the best Asic miner and how much would it cost today?
It might look concerning now but long term it will be a win for Bitcoin miners. The big guys all jump on Bitcoin cash and the home user keeps the Bitcoin network alive again how it always was meant to be. Then when bcc becomes too hard they will jump back to Bitcoin again. But if you do care for Bitcoin I recommend keeping mining on the main network to keep it alive. In the further future when mining stops we need a lot of volunteers to keep the network up something to already think about. Everything leans on Bitcoin how we see pricing in crypto.
If it would depend on volunteers it would die quickly
The good news is the difficulty of Bitcoin mining will go down. Would that mean that ordinary people like us can start mining Bitcoin again from home? What is the best Asic miner and how much would it cost today?
It might look concerning now but long term it will be a win for Bitcoin miners. The big guys all jump on Bitcoin cash and the home user keeps the Bitcoin network alive again how it always was meant to be. Then when bcc becomes too hard they will jump back to Bitcoin again. But if you do care for Bitcoin I recommend keeping mining on the main network to keep it alive. In the further future when mining stops we need a lot of volunteers to keep the network up something to already think about. Everything leans on Bitcoin how we see pricing in crypto.
The good news is the difficulty of Bitcoin mining will go down. Would that mean that ordinary people like us can start mining Bitcoin again from home? What is the best Asic miner and how much would it cost today?
272,888,550,039
13,318,720.43 Th/s
288.3%
Bitcoin Cash difficulty just jumped 3 times, which means the profitability of mining it is roughly half of mining bitcoin at this moment
let's see that will be and the trend during the next a couple of days...
13,318,720.43 Th/s
288.3%
Bitcoin Cash difficulty just jumped 3 times, which means the profitability of mining it is roughly half of mining bitcoin at this moment
let's see that will be and the trend during the next a couple of days...
This is really a good development for both Bitcoin and BitcoinCash. Before the fork, I thought that a dumping war would happen. But Roger Ver, Jihan Wu and their supporters are not stupid. They are also in the game to make money.
What will really happen is a pumping war. Do you think the whales supporting Bitcoin will just let BitcoinCash win easily?
What will really happen is a pumping war. Do you think the whales supporting Bitcoin will just let BitcoinCash win easily?
I think the supporters of the Bitcoin Cash has a lot of cash to develop the BCC.
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