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Topic: BCC more profitable to mine (Read 2050 times)

hero member
Activity: 1694
Merit: 541
December 02, 2017, 07:51:36 PM
#46
True, in the other side BCC is more profitable to mine in the sense of finding blocks, one more thing nobody use it. But in the long run, and from time to time, clever miners are shifting between BCH and BTC whatever is more profitable.
It depends upon how large is your hashing power,if i am holding a bigger hashing power,i will mine only bitcoin because of the valuation it has,but since the difficultly level is really large i would rather settle with bitcoin cash ,it all depends upon how much money you have invested into mining and for small players like me i would choose bitcoin cash to mine than bitcoin.
hero member
Activity: 868
Merit: 500
December 02, 2017, 11:59:27 AM
#45
Bitcoin cash will have a long life and will be the first currencie to be able to cross bitcoin income from miners, but sure energy is something that should be taking into consideration, and looks like China has all the best prices and conditions to get into crypto. This is bad since not all countries and people will try mining, wich will centralize a big part of the coins into one single place, forcing the rest of the world to buy those coins into the market. I do remember before the changes people going into bitcoin cash since it were 40% more profitable then the  bitcoin mining, this has been reduced, but i believe both coins will keep being the best option to mine over the next years.
sr. member
Activity: 882
Merit: 282
December 02, 2017, 05:42:01 AM
#44
That is good as many miners are complaining that bitcoin mining is becoming unprofitable this days and many of them are converting they mining hardware to altcoins mining. I also find out that most bitcoin mining tools required a lot of electricity and in most countries electricity is very expensive . Bitcoin cash should be profitable for mining because there is still a lot to be mining.
sr. member
Activity: 952
Merit: 250
December 02, 2017, 05:25:35 AM
#43
True, in the other side BCC is more profitable to mine in the sense of finding blocks, one more thing nobody use it. But in the long run, and from time to time, clever miners are shifting between BCH and BTC whatever is more profitable.
hero member
Activity: 966
Merit: 513
December 02, 2017, 04:46:13 AM
#42
If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.
Yes, some traders had serious problems with high transaction fees but now it seems everything has settled down. Bitcoins are though safest and fastest way of transacting money overseas but for maintaining the popularity of bitcoins, the fee should be within range of majority of the traders.
It is consuming feels you can't envision yesterday I have earned some bitcoin by expenses I didn't get anything so what would we be able to anticipate that we should need will trade on blockchain in light of the fact that blockchain is extraordinary compared to other place where charges are not as much as our things no doubt about it is a consuming sentiments when we are on the wrong place gives visit a chance to opportune place.

Bro why you have digged the dead thread bro. You will find the answer about mining in mining section. These kind of repetative issues been done by the newbie. Even I explained about digging dead thread.
You have chosen shit answer which not at all relevant to op query and even you done same like that.
Please avoid these issues in your future posts.
member
Activity: 84
Merit: 10
"One Token to Move Anything Anywhere"
December 02, 2017, 04:38:55 AM
#41
If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.
Yes, some traders had serious problems with high transaction fees but now it seems everything has settled down. Bitcoins are though safest and fastest way of transacting money overseas but for maintaining the popularity of bitcoins, the fee should be within range of majority of the traders.
It is consuming feels you can't envision yesterday I have earned some bitcoin by expenses I didn't get anything so what would we be able to anticipate that we should need will trade on blockchain in light of the fact that blockchain is extraordinary compared to other place where charges are not as much as our things no doubt about it is a consuming sentiments when we are on the wrong place gives visit a chance to opportune place.
sr. member
Activity: 560
Merit: 286
September 19, 2017, 07:53:14 AM
#40
It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.

https://cash.coin.dance/blocks
That is probably why more people or should I say miners prefer to mine bitcoin cash over bitcoin leaving many transactions unconfirmed on the network, now even urgent transactions cannot meet up because it would get confirmed late.
Very right! I think there is no hard and fast rule to decide this thing that which one out of BCC and mining is best and recommended. I think both are very much good at their own places and it is no one else but only you who has to decide this thing that which option you have to choose out of both.

full member
Activity: 504
Merit: 106
September 15, 2017, 02:15:16 AM
#39
It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.

https://cash.coin.dance/blocks
That is probably why more people or should I say miners prefer to mine bitcoin cash over bitcoin leaving many transactions unconfirmed on the network, now even urgent transactions cannot meet up because it would get confirmed late.
full member
Activity: 491
Merit: 105
September 14, 2017, 09:24:38 AM
#38
It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.

https://cash.coin.dance/blocks
I think that fact has been the one making more and more people to switch over to mining bitcoin cash, making more and more transactions on bitcoin core left unconfirmed on the network, leaving transactions on the network to be slow in confirming.
hero member
Activity: 560
Merit: 500
August 30, 2017, 08:04:50 AM
#37
Yes, some traders had serious problems with high transaction fees but now it seems everything has settled down. Bitcoins are though safest and fastest way of transacting money overseas but for maintaining the popularity of bitcoins, the fee should be within range of majority of the traders.
Although that is the case, some miners switch to bcc because it is more profitable. Therefore, btc would just get slow transactions unless miners begin to switch back to mining btc again. That being said, the only solution was to wait for miners to come back before we even see bitcoin fees getting cheap again. I dont want btc to get increased fees anymore everyday because this will be not good for it in the long run.
sr. member
Activity: 443
Merit: 250
August 30, 2017, 08:03:52 AM
#36
If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.
Yes, some traders had serious problems with high transaction fees but now it seems everything has settled down. Bitcoins are though safest and fastest way of transacting money overseas but for maintaining the popularity of bitcoins, the fee should be within range of majority of the traders.
Nope, the problems about high fees of Bitcoin still do not solve, I do not know the reason after SegWit active until today, the fees of Bitcoin just increase everyday and have not signal stop this monetum. If Bitcoin still increase fees, I believe altcoin will next choice for people want transfer money in blockchain system.
sr. member
Activity: 686
Merit: 277
August 30, 2017, 07:08:03 AM
#35
If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.
Yes, some traders had serious problems with high transaction fees but now it seems everything has settled down. Bitcoins are though safest and fastest way of transacting money overseas but for maintaining the popularity of bitcoins, the fee should be within range of majority of the traders.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
August 26, 2017, 04:25:22 PM
#34
No worries, the price of BCC is slowly going down. It won't be long before it's no longer profitable and people go back to BTC or switch to some other alts. BCC is not doing that bad in terms of price, especially compared with other altcoins, but it's still far below the expectations of its makers and early investors. I still think it's a failure, but time will tell.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
August 26, 2017, 03:31:42 PM
#33
That's sucks. That's why we see a lot of transactions not confirmed because of the greedy miners who just switch to bitcoin cash. 2% is still low. What will happen to bitcoin if all miners goes to bitcoin cash? This is disaster to bitmain. If this continues, Bitcoin cash will take over and bitmain will be a trash. I don't think Segwit really helps. Bitcoin fee still high and slow. Bad sign for Bitcoin. I will just wait for next upgrade. Hope this fix the problem

Well, I'm curious if anyone really expected that SegWit would help somehow

It was obvious from day 0 that miners were not going to lose a cent of profits that they had managed to procure back in the day. It was a question of how rather than a question of if. And now it is clear how they have done that. The did that by inventing Bitcoin Cash, a mining difficulty manipulation machine. So if you want your transactions confirmed in time (more or less) without paying eerie fees, you should wait till the majority of miners switch from mining Bitcoin Cash to mining the regular Bitcoin again. Otherwise, you are on your own with insanely high fees
sr. member
Activity: 574
Merit: 256
August 26, 2017, 02:59:02 PM
#32
If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.
nice elaboration mates you made such a good prediction about bitcoin and it is not a bad thing though people thought that it will bring spit at the core of the bitcoin but at the end we will see that the bitcoin core is the world best currency as it is today and it will be tomorrow. The rates of the bcc will consistent I intent to be mine because the profit is very high for me.
hero member
Activity: 729
Merit: 500
August 26, 2017, 10:13:58 AM
#31
If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.
legendary
Activity: 1918
Merit: 1728
August 26, 2017, 09:52:57 AM
#30
It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.

https://cash.coin.dance/blocks

Soo??
There are several other cryptocurrencies which are more profitable to mine for small miners. Bitcoin mining profit is almost impossible for small miners, it is limited to giants.
But all this ain't gonna make BCC better than BTC. Stop making such stupid comparison and accept BCC as altcoin.
legendary
Activity: 2618
Merit: 1105
August 26, 2017, 09:23:23 AM
#29
That's sucks. That's why we see a lot of transactions not confirmed because of the greedy miners who just switch to bitcoin cash. 2% is still low. What will happen to bitcoin if all miners goes to bitcoin cash? This is disaster to bitmain. If this continues, Bitcoin cash will take over and bitmain will be a trash. I don't think Segwit really helps. Bitcoin fee still high and slow. Bad sign for Bitcoin. I will just wait for next upgrade. Hope this fix the problem.

Wait, it's their choice to mine Bitcoins or any other currencies based on their convenience so who are you or me to say that they are greedy?
2% is history and it will become more profitable once everything settles down for BCH in terms of difficulty and maybe more miners switch to it.
Don't you think that it's also good for Bitcoins because if BCH may get more miners, BTC will get its difficulty adjusted and the remaining miners who will be minnig BTC itself will see more profits in USD than switching to BCH. Either way they are in profits.
hero member
Activity: 1065
Merit: 510
August 26, 2017, 08:48:01 AM
#28
It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.
https://cash.coin.dance/blocks

And I am hoping that there would be more miners who will shift their focus on BitCoinCash (BCH). BCH will have a place in the sea of so many alternative coins. In fact, its value is right now going up. I am sure there are many people who are happy to know of this latest development. I am not a miner though and I am not planning to be one since it can be expensive to invest in mining equipment.
Investing in mining equipment is really expensive and it should be place it in a cold area. However, I doubt that there would be more miners will their focus on bitcoin cash. Most miners supporters are majority on bitcoin, And I think they won't allow it to be happen. Though I am planning to buy mining equipment or mining rig someday but never on bitcoin cash ever.
Yes, that would be really risky if you buy mining rig for bitcoin cash. We have already experienced the great dumps with this coin. It does not have guts to challenge bitcoins in any way. They are the real heroes of the crypto market and these kiddo coins can’t do them any harm.
Its really hard to play asic miners just for mining BCH and even if i do have the money to buy on i would not risk to waste off my money just to mine bch and i agree on what you have said its really risky since the price could easily crash anytime. It might give benefit on some miners but im sure it would be only on temporary basis.
hero member
Activity: 1148
Merit: 500
August 26, 2017, 07:43:58 AM
#27
That's sucks. That's why we see a lot of transactions not confirmed because of the greedy miners who just switch to bitcoin cash. 2% is still low. What will happen to bitcoin if all miners goes to bitcoin cash? This is disaster to bitmain. If this continues, Bitcoin cash will take over and bitmain will be a trash. I don't think Segwit really helps. Bitcoin fee still high and slow. Bad sign for Bitcoin. I will just wait for next upgrade. Hope this fix the problem.
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