specially since the number of unconfirmed transactions has grown a lot, i keep reading different people say bitcoin miners have switched over to bitcoin cash.
although that seems like something they may do because of the lower difficulty and the current ongoing pump, but i can not see any change in the way bitcoin blocks are mined! there is still the same time between the blocks as before with same ups and downs. the hashrate also looks the same!
so what is it that i am missing here? how do you say they are switching?
Uncofirmed transactions have nothing to do with mining power.
This is not like digging for coal where more miners means more tonnes of coal.
The size of the blocks and the maximum tx/sec is the second with 1 peta or 1 kb of hashing power.
The rumors are based on this:
BCH is more profitable to mine than bitcoin in the moment by 10%, and as a miner who thinks about profit, this is an opportunity that shouldn't pass easily. The building FOMO on BCH's market would soon collapse, and after that bitcoin would jump ump in price and have its miners back hashing the same coins again.
BCH is more profitable because of their f up algorithm that mines blocks way to fast.
They are already almost 10k blocks ahead of the original chain.
right now they have mined 38 blocks in past hour instead of normal 4
THIS!
At the current rate they might reach the reward halving by Christmas.
And that should be really funny. With no tx fee (as they claim) let's see who will still mine.
