Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin

deisik

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Quote from: btbrae on August 18, 2017, 03:16:43 PM

Don't care, it's backed by scummy people. Scummy coin is scummy.

They didn't want UASF to happen, now trying to pump BCH to make people think twice but it's already dead.

Don't lose your Bitcoins

Folks don't care

They care only for profits, and if Bitcoin Cash offers them this opportunity, they will ride it. Even outright scams like HYIP's attract a lot of users though that means most of them will lose everything. Other than that, I don't see how Bitcoin Cash is a scam really. It is heavily centralized and all that, but it is just another coin which was conceived to be a Bitcoin competitor. Well, many other altcoins were created aiming specifically at that, but this time it might in fact be different. If anything, I'm looking to buy more litecoins myself

goldenchip

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Even if they get a lot of hashpower, at the end of the day the market will decide.
I'm pretty sure that Bitcoin will be the chosen one. Nobody wants a centralized Bitcoin.

mx667

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What is Bitcoin Cash ? I don't understand and never heard of it. Huh

DoublerHunter

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What is the matter if bitcoin cash is more profitable to mine rather than bitcoin? It is still risky to invest money in mining bitcoin cash because its price is like an altcoin that is not stable and it can go up or down in matter of time. So it is like a gambling to invest in bitcoin cash and leave bitcoin mining.

xskl0

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Bitcoin SV is Bitcoin

Cashvscore.com Check this Wink

wellsontheja

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Yes since bcc back to 9.949.600 IDR (indonesian rupiah) at this morning but bcc for now is just 8.000.000 IDR at indonesian market if bcc back to 9.000.000 this day i think i will buy that with my aset for now

New2coin

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Bitcoin cash is like Skechers to Nike.

klf

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Quote from: krisnt80 on August 18, 2017, 08:56:45 PM

The daily volume has becamed bigger then bitcoin, but its pure manipulation since day 21 is already coming, the last time speculation happened bitcoin went at 1900 dollars and returned to 2400 ... be wise bitcoin cash is now a trap, maybe in the future it can be stable and profitable, but i wouldnt risk my coins over it.

Everyone thought Bitcoin prices may go back to zero or almost nothing but it got a good resistance around 300 range not within a few days more than 100% went up. I believe many people who got free BCC might have already sold it and some people may be regretting selling at a lower price. I will not invest in this coin because got many other coins to consider instead risking my money here.

krisnt80

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The daily volume has becamed bigger then bitcoin, but its pure manipulation since day 21 is already coming, the last time speculation happened bitcoin went at 1900 dollars and returned to 2400 ... be wise bitcoin cash is now a trap, maybe in the future it can be stable and profitable, but i wouldnt risk my coins over it.

Variogam

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Quote from: Mike Mayor on August 18, 2017, 07:04:50 PM

Quote from: swogerino on August 18, 2017, 04:01:20 PM

So how it can be mined, any tutorial from someone, do we need asic machines or it can be mined with your PC ? Since it is new and there is not much difficulty I am keen to know how this coin can be mined ?

I also want to know how it's mined. Can anyone help ?

Mining Bitcoin Cash is the same as mining Bitcoin, so you need ASICs for Bitcoin mining. There are mining pools where you can select whether you want to mine Bitcoin or Bitcoin Cash. For example these mining pools: bitcoin.com or ViaBTC.

lucifochrome

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how the heck did it shoot up from 300 to 775 in just a matter of day, well my thought is that there are a lot of traders buying BCH so prices gets high because of the demand but after this hype what i can see is a huge fallout. BCH can't beat BTC in terms of value.

Mike Mayor

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Really nice to see it oerforming so well I just wonder is it a good time to hold or to dump ? I have a few hundred dollars worth and I'm not sure I'd what to do yet. I want to hold for a little while and watch the charts. Hopefully I make the right decision.

Quote from: swogerino on August 18, 2017, 04:01:20 PM

So how it can be mined, any tutorial from someone, do we need asic machines or it can be mined with your PC ? Since it is new and there is not much difficulty I am keen to know how this coin can be mined ?

I also want to know how it's mined. Can anyone help ?

swogerino

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So how it can be mined, any tutorial from someone, do we need asic machines or it can be mined with your PC ? Since it is new and there is not much difficulty I am keen to know how this coin can be mined ?

SONG GEET

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Current price can't be considered when calculating mining profit in long term, price have pumped more than 50% overnight which is not quite healthy so we might see huge dump by tomorrow.

Not many miners will risk their profit by mining bitcoin cash which don't have stable network till now.

btbrae

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Don't care, it's backed by scummy people. Scummy coin is scummy.

They didn't want UASF to happen, now trying to pump BCH to make people think twice but it's already dead.

Don't lose your Bitcoins.

Similificator

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With all these things happening with bcc, still don't see enough potential, or reason for me to switch to bitcoincash. The way i see it, it can't go higher than btc. Although it has potential to rise up in the next few months, i still think that the rise of price is just too fast, and i think this is just a pump and would be dumped by whales sooner or later. But who knows? Crypto currencies have proven themselves to be wild and unpredictable sometimes. But one thing is for sure, i still am keeping my eyes on bitcoin cash and grab an opportunity if i see one worth grabbing.

no0dlepunk

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Seriously I got scared because I had accumulated a lot of bitcoins after August 1. Now I had sold my altcoins to balance my BCH with my BTC; I really do not know right now if I had made an intelligent decision.

By the way, if it is true that BCC is more profitable, does it mean BTC price would eventually dump? These miners should quit playing games with my heart.

usmcvet11

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its buggin me out its at 657 atm

DocSnyd3r

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If you also count in the fees miners get Bitcoiners still make more money.

nizamcc

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Quote from: Yoandy10 on August 18, 2017, 02:36:24 PM

Quote from: iluvpie60 on August 18, 2017, 01:13:09 PM

Quote from: Yoandy10 on August 18, 2017, 12:35:39 PM

Quote from: mriansa on August 18, 2017, 12:30:24 PM

Quote from: sheld0n on August 18, 2017, 12:22:42 PM

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

I hope the price of BCC can offset the BTC price as soon as possible, because I see the BCC network is faster and fresher than the BTC network that has been too slow for BTC performance, by the way I also feel the advantages of this proud BCC increase Wink

Actually, the BCC network is currently much slower. It takes approximately an hour to get 6 confirmations, whereas the BTC network takes just minutes. Continue reading that article on Coindesk and you’ll see they reference the network speed of each. As of now, it really isn’t more profitable just yet for miners, but it will be very soon if the value trend of each continues.

I think you mean it takes 30 to 60 minutes to get one confirmtion on BCH network, and on BTC network it takes an hour to get 6.

Is that what you meant to say? Unless I am missing someting, BTCisn't confirming every few minutes.

I thought they already took all of the block time confirmations into account when figuring out the price calculation, are you saying they aren't?

No, I meant what I wrote. It took my last BCH transaction a little over an hour to get 6 confirmations. on BTC it takes me about 10 minutes. And yes, they took into account the confirmation times, which is the reason why it isn't yet more profitable. I think once the BCH network difficulty drops the next time, is when it will be more profitable.

You are correct as I also checked there and they are mentioning everything based on last n blocks mined. BCH's trading is catching fire now as Korean traders are buying hard on their exchanges (read about this on CCN in a recent article). It couldn't surpass BTC in terms of value whatsoever, but I think that as an alt BCH proved that it could survive and give better results over BTC if given a preference some time in the future.

Topic: Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin (Read 1401 times)