Topic: Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin - page 2. (Read 1437 times)
A bigger growth in value is taking place with bitcoin cash. Right now the price has been getting close to $700, might cross it in a short. None could have expected such a price growth from the coin. Same time the value of bitcoin has been declining continuously and was going below $4200.
That is a very unstable currency, too big variations at the price in short time period. This is fake.
What matters is the long term, only Bitcoin gives this advantage over any other AltCoins like Bitcoin Cash. BCC won't replace Bitcoin, it's just an AltCoin, Bitcoin is the original Crypto-Currency that have already conquered confidence from serious investors, I doubt these people will forget about Bitcoin to join an adventure for BCC.
What matters is the long term, only Bitcoin gives this advantage over any other AltCoins like Bitcoin Cash. BCC won't replace Bitcoin, it's just an AltCoin, Bitcoin is the original Crypto-Currency that have already conquered confidence from serious investors, I doubt these people will forget about Bitcoin to join an adventure for BCC.
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
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.
A thread has already been started on this topic please lock this down and all comments can be directed to the first thread created. You'll find it here.
The first thread on this topic was created just two hours before you created this one, which means you didn't really look to see if discussion had started on this topic. Next time, please take 2 minutes (at least) to see if people are already talking about what you plan to post.
The first thread on this topic was created just two hours before you created this one, which means you didn't really look to see if discussion had started on this topic. Next time, please take 2 minutes (at least) to see if people are already talking about what you plan to post.
Yeah it should be locked, I already read one like this in Economics, there is no need for a topic to have a two section, it can misguide and it will lessen the information for the person who reads if both topic continue being posted. Now there are currently 3 topics with same subject but different contents, the first one is the only one need to exist.
Bitcoin has ever been the best crypto currency that changes many peoples life especially in my country of residence, it is above $1k as at now.
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
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?
Just watch http://fork.lol BTC currently more profitable than BCH
From this site: http://fork.lol/reward/opportunity
The sum of potentially missed rewards by BCH miners compared to what they could earn on the BTC chain. Combined, BCH miners have currently missed out on an estimated total of $4,249,861.83.
Maybe in the long term BTC could maintain the historic leadership?
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
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.
A thread has already been started on this topic please lock this down and all comments can be directed to the first thread created. You'll find it here.
The first thread on this topic was created just two hours before you created this one, which means you didn't really look to see if discussion had started on this topic. Next time, please take 2 minutes (at least) to see if people are already talking about what you plan to post.
The first thread on this topic was created just two hours before you created this one, which means you didn't really look to see if discussion had started on this topic. Next time, please take 2 minutes (at least) to see if people are already talking about what you plan to post.
Just watch http://fork.lol BTC currently more profitable than BCH
I got a shock when I saw that it was up to $500, I still haven't split my coins and am in for a bit longer, I wonder if it could hit $1k ?
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
How the heck did it go up over 50% in just one day? Why is it going up so much?! This seems shady and I don't know what to think about it.
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.
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