Topic: 40 % of miners already moved from Bitcoin to Bitcoin Cash (Read 2474 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.
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?
lol?
Lawl.
Lawl.
i don't think that miners already moved from bitcoin to bitcoin cash because the most of miners is still on bitcoin mining and the big company still work with bitcoin. but i wonder, how much bitcoin cash difficulty? is it lower than bitcoin? if yes, how much amount of reward that miners will get? this is still in my mind but i am not yet found the answer.
https://cash.coin.dance/blocks
Faster blocks, 7 % difficulty when compared to Bitcoin and the reward is 12.5 BCC per block. More and more miners choose to mine BCC over BTC, because they make more money... and with the BCC u can still buy btc. Bitcoin Cash is soon to become the longest chain and by Satoshi's vision, the longest chain should be the real bitcoin. Transaction fees are MUCH MUCH lower than Bitcoin's, transactions are faster as well.
i don't think that miners already moved from bitcoin to bitcoin cash because the most of miners is still on bitcoin mining and the big company still work with bitcoin. but i wonder, how much bitcoin cash difficulty? is it lower than bitcoin? if yes, how much amount of reward that miners will get? this is still in my mind but i am not yet found the answer.
Even after a large number of miners moving to bitcoin cash mining we have got the majority of the miners. This is based on price fluctuations that's been taking place in large scale. Past few days the growth of bitcoin cash seems high and the same has started to drop.
But why would anyone want to buy bch - it doesn't do or add anything. The price will plummet when the pumpers stop supporting this high price and the miners will leave it, just like they would abandon any shitcoin.
Go get a real site we don't want to see a brand new site without any facts do you even know how much 30% will affect the blockchain it will take hours to confirm with the highest fees. I'm not aware that you are a miner if yes you should know how these news can cause a chaos so please stop spreading lies all miners please don't believe this news
I read that it was 20%
Bitcoin Cash Now Commands Over 20% of BTC’s Total Hashrate
" On August 21 the Bitcoin Cash (BCH) network got a lot more active as the large mining pool Antpool has pointed some of its hashrate towards the BCH chain. According to data, the forked chain’s hashpower has spiked exponentially, and BCH hashpower is roughly a quarter (approx. 2 exahash) of the BTC hashrate at the time of writing. "
Bitcoin Cash Now Commands Over 20% of BTC’s Total Hashrate
" On August 21 the Bitcoin Cash (BCH) network got a lot more active as the large mining pool Antpool has pointed some of its hashrate towards the BCH chain. According to data, the forked chain’s hashpower has spiked exponentially, and BCH hashpower is roughly a quarter (approx. 2 exahash) of the BTC hashrate at the time of writing. "
no they have not.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
https://bitinfocharts.com/
Here's another page, but I guess he does not want to take his blindfold off. It can also be fud and more fud on your part
this is actually getting pretty interesting!
the blocks on bitcoin cash are being found ridiculously fast. and that shows it is more like a surge of miners who waited this long until the hashrate drops first then start mining it so that they can mine at a lower hashrate and find more blocks.
you know what this means, they are only looking for that 12.5+fee reward to dump.
the more interesting this is to see what will they do after the difficulty went back up again and it stopped being profitable at $500 to mine bitcoin cash.!!
the blocks on bitcoin cash are being found ridiculously fast. and that shows it is more like a surge of miners who waited this long until the hashrate drops first then start mining it so that they can mine at a lower hashrate and find more blocks.
you know what this means, they are only looking for that 12.5+fee reward to dump.
the more interesting this is to see what will they do after the difficulty went back up again and it stopped being profitable at $500 to mine bitcoin cash.!!
Funny how some commentators are saying that BCH price is "correcting" up. I suppose any trade term is applicable with enough semantics. Why wouldn't miners move over to BCH anyway? It's common mining strategy to switch over to a coin that's profitable for the hashpower they have. I'd be more than happy to have more alts, including BCH, for the work I do, if it simply means I can exchange it for more BTC. And that's precisely what's going to happen with all the extra BCH mined: dumped at exchanges for BTC.
this is actually getting pretty interesting!
the blocks on bitcoin cash are being found ridiculously fast. and that shows it is more like a surge of miners who waited this long until the hashrate drops first then start mining it so that they can mine at a lower hashrate and find more blocks.
you know what this means, they are only looking for that 12.5+fee reward to dump.
the more interesting this is to see what will they do after the difficulty went back up again and it stopped being profitable at $500 to mine bitcoin cash.!!
the blocks on bitcoin cash are being found ridiculously fast. and that shows it is more like a surge of miners who waited this long until the hashrate drops first then start mining it so that they can mine at a lower hashrate and find more blocks.
you know what this means, they are only looking for that 12.5+fee reward to dump.
the more interesting this is to see what will they do after the difficulty went back up again and it stopped being profitable at $500 to mine bitcoin cash.!!
I guess they extrapolate the numbers of Bitcoin Cash; their block finding is very fast now
https://cash.coin.dance/blocks
And: I don't mind if miners are moving to bitcoin cash: difficulty will rise there fast enough, but may be will be bit lower on bitcoin itself - and that's good news for me.
And maybe it is really shifting:
http://www.coinfox.info/news/7466-antpool-and-btc-com-start-mining-bitcoin-cash-price-corrects-to-682
https://cash.coin.dance/blocks
And: I don't mind if miners are moving to bitcoin cash: difficulty will rise there fast enough, but may be will be bit lower on bitcoin itself - and that's good news for me.
And maybe it is really shifting:
http://www.coinfox.info/news/7466-antpool-and-btc-com-start-mining-bitcoin-cash-price-corrects-to-682
no they have not.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
You are definitely right if you do check the hash rate its still the same and hasnt changed at all. and regarding on the website and its domain name.Its my first time to encounter such thing. haha. This is just fud and who the hell would decide to go on bitcoincash purely came from original bitcoin.? what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
I did not moved mi rigs and I don't care if someone did. Just don't see any reason why (only pp, but only for 2 days, rly?) I should.
The domain is cool, I never heard a site that discusses the miners with a domain like this.
This is just kidding right?
This is just kidding right?
How is the domain name relevant? Only the data matters.
So what are you implying then? Is this a new wave of FUD now? I hope you need to understand that it will not be beneficial to miners to just suddenly shift to a new that is simply a pump and dump coin. And they will not leave bitcoin as it is still profitable to mine it up until to the last bitcoin mined.
no they have not.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
I didn't check the website and a .lol? LOL. Yeah I think bitcoin hashed rate hasn't changed for a long time and I'm still seeing the same time over the last couple of years and I doubt it will change in the next coming years.
no they have not.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
what the hell is that site anyways a .lol domain name is your reference? really?
and that website is not reliable at all. the hashrate of bitcoin has not changed at all and you can also see it from the blocks that are being mined and the time between them. there is still nearly the same 10 minute blocks with occasional 1 hour blocks like all these past 8 years.
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