Will BCH even be worth mining after the halving?

wheelz1200

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Quote from: Wysi on November 01, 2019, 04:04:31 PM

Quote from: Febo on November 01, 2019, 02:56:02 PM

Quote from: pixie85 on October 29, 2019, 05:00:50 PM

Will BCH even be worth mining after the halving?

BCH or BTC or BSV, none will be worth mining unless there will some miners left or price will increase. So far in past it usually happened the second. If price will not increase then it will not be worth mining and few miners with highest electricity cost will stop mining.

Yes there is no point of mining especially when the market is not good and I think mining is beneficial for individuals only during the bull run as I have tried mining during bull run as well as bearish market situation and trust me I got some income during bull run and once the market stated to fall I ended up paying more electricity bills than what I have earned. I think mining is not a good idea for income.

coin price is not the only part of the profitability equation. Actually there are times when it's better mining when the price was suppressed because less people were mining. You need to add in the difficulty to see whether or not you would make more than your electric costs. Not knowing this is a big reason why people lose money mining crypto

Wysi

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Quote from: Febo on November 01, 2019, 02:56:02 PM

Quote from: pixie85 on October 29, 2019, 05:00:50 PM

Will BCH even be worth mining after the halving?

BCH or BTC or BSV, none will be worth mining unless there will some miners left or price will increase. So far in past it usually happened the second. If price will not increase then it will not be worth mining and few miners with highest electricity cost will stop mining.

Yes there is no point of mining especially when the market is not good and I think mining is beneficial for individuals only during the bull run as I have tried mining during bull run as well as bearish market situation and trust me I got some income during bull run and once the market stated to fall I ended up paying more electricity bills than what I have earned. I think mining is not a good idea for income.

Febo

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Quote from: pixie85 on October 29, 2019, 05:00:50 PM

Will BCH even be worth mining after the halving?

BCH or BTC or BSV, none will be worth mining unless there will some miners left or price will increase. So far in past it usually happened the second. If price will not increase then it will not be worth mining and few miners with highest electricity cost will stop mining.

wheelz1200

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Quote from: [email protected] on November 01, 2019, 12:28:36 PM

Quote from: mindrust on November 01, 2019, 12:09:52 PM

They expect Roger & Jihan to pump their bags that's the only reason they still hold. Nobody believes in the tech, there is no development, no adoption, no hashrate... just a shitcoin with empty promises. Maybe it will make some huge gains with the new bull run but so does everything else.

I even left BCH a long time ago. until now I think only the support of the community that maintains BCH but is traded and is in the market. non-existent updates as you said are one of the most compelling reasons not to mine or have a BCH. and despite the pump happening, I don't believe BCH will have enough power to stabilize its price on the market.

Miners almost all insta dump so they dont care about updates, development etc. I am not saying bcash is any good but people mining bcash doesnt have relevancy since mining is mostly done for insta profits. You guys need to separate why people mine from the actual coin itself, it's all about profitability when mining

[email protected]

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Quote from: mindrust on November 01, 2019, 12:09:52 PM

They expect Roger & Jihan to pump their bags that's the only reason they still hold. Nobody believes in the tech, there is no development, no adoption, no hashrate... just a shitcoin with empty promises. Maybe it will make some huge gains with the new bull run but so does everything else.

I even left BCH a long time ago. until now I think only the support of the community that maintains BCH but is traded and is in the market. non-existent updates as you said are one of the most compelling reasons not to mine or have a BCH. and despite the pump happening, I don't believe BCH will have enough power to stabilize its price on the market.

mindrust

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Quote from: carlfebz2 on November 01, 2019, 09:29:21 AM

Quote from: mindrust on October 31, 2019, 03:04:17 PM

There was an interesting post on reddit about bch's hashrate reccently:

The current BCH hash rate oscillation looks like a death spiral

~~

Quote

The current oscillation in hash power looks like a death spiral. What you are seeing is one or more miners/pools only mining when difficulty is low, and then turning off or mining another chain when difficulty increases in response to their mining.

I would stay away from this coin as it is not secure. The miners only mine this when the difficulty drops and they go back to btc once the difficulty rises. This shit is on life support.

What a hashrate pattern.I cant describe it on words but that doesnt look appealing.Im just surprised why there are people who do still interested with BCH.

Bitmain owns most of those coins so i wont entrust up my funds into a coin which does have that kind of possible manipulation power.
Halving even doesnt affect much BCH price for unless if the demand rose up then its possible.

They expect Roger & Jihan to pump their bags that's the only reason they still hold. Nobody believes in the tech, there is no development, no adoption, no hashrate... just a shitcoin with empty promises. Maybe it will make some huge gains with the new bull run but so does everything else.

wheelz1200

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Quote from: binhvo1505 on October 31, 2019, 05:52:45 AM

Quote from: pixie85 on October 29, 2019, 05:00:50 PM

https://www.coingecko.com/pl/explain/bch_halving

Bitcoin is gaining more as it recovers than BCH. Even if BCH follows Bitcoin in the next bull market it still is going to be worth significantly less when compared to the last bull market when it was coming out as the next bitcoin and BTC itself was suffering from 100 dollar transaction fees.

Why would anyone want to mine BCH after the halving if its value doesn't jump enough to make it worth it?

In fact, halving will not affect too many miners. because halving reduces the reward but the hash rate will remain the same but the price will increase. Businesses need to have policies to protect miners so they continue to mine and ensure the safety of the bitcoin cash system.
That's why miners are still big and mining is still making a lot of money.

This is insanely wrong. Halving does not mean the price will increase that is just irresponsible to say that. The only thing you can say is at halving if the price of the coin stays the same, then the hash rate will drop with people moving to more profitable coins and ultimately will eventually lead to an equilibrium of profitability on sha-256 coins.

wheelz1200

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Quote from: pixie85 on October 29, 2019, 05:00:50 PM

https://www.coingecko.com/pl/explain/bch_halving

Bitcoin is gaining more as it recovers than BCH. Even if BCH follows Bitcoin in the next bull market it still is going to be worth significantly less when compared to the last bull market when it was coming out as the next bitcoin and BTC itself was suffering from 100 dollar transaction fees.

Why would anyone want to mine BCH after the halving if its value doesn't jump enough to make it worth it?

Mining is fickle. It doesnt always mean the most profitable coin to mine is the one worth the most. Think of it as a piece of pie. Would you want 50% of a $10 pie or 1% of a $20 pie? Difficulty in mining will usually level off between different coins with the same algorithm so long as their is a strong enough buy/sell market for both coins in question. As price declines for bcash so will mining difficulty.

ecnalubma

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It will be a big gamble if you mine a coin with less interest and only few controls it, scary because they might drop the price hard if shit happens then little miners will pay for the price that may not sound fair. However there are coins with potential aside from BCH just google it.

carlfebz2

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Quote from: mindrust on October 31, 2019, 03:04:17 PM

There was an interesting post on reddit about bch's hashrate reccently:

The current BCH hash rate oscillation looks like a death spiral

~~

Quote

The current oscillation in hash power looks like a death spiral. What you are seeing is one or more miners/pools only mining when difficulty is low, and then turning off or mining another chain when difficulty increases in response to their mining.

I would stay away from this coin as it is not secure. The miners only mine this when the difficulty drops and they go back to btc once the difficulty rises. This shit is on life support.

What a hashrate pattern.I cant describe it on words but that doesnt look appealing.Im just surprised why there are people who do still interested with BCH.

Bitmain owns most of those coins so i wont entrust up my funds into a coin which does have that kind of possible manipulation power.
Halving even doesnt affect much BCH price for unless if the demand rose up then its possible.

jostorres

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Quote from: seagates on October 30, 2019, 03:03:35 AM

Will any alt coin will be worth mining after btc halving? Nobody know. Halving may dont change anything

I don’t know about any altcoin mining after bitcoin halving because I have never out any interest in them, my whole focus has been in what I can get as benefit from bitcoin technologically and financially. I know that after the halving of bitcoin, mining might actually increase because there will be bull run then, but the mining I see increasing is the one for bitcoin.

Most time that miners do return to the business is when bitcoin is on bull run, they usually get more profit then, so that halving will only have to do with bitcoin, and if you are hoping on altcoin mining, I think that it will be until altcoin season starts, when altcoins season starts, that is when their own bull run starts and also when miners usually do come into the market of altcoin to pick one or two coins to mine.

mindrust

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There was an interesting post on reddit about bch's hashrate reccently:

The current BCH hash rate oscillation looks like a death spiral

Quote

The current oscillation in hash power looks like a death spiral. What you are seeing is one or more miners/pools only mining when difficulty is low, and then turning off or mining another chain when difficulty increases in response to their mining.

I would stay away from this coin as it is not secure. The miners only mine this when the difficulty drops and they go back to btc once the difficulty rises. This shit is on life support.

alyssa85

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Quote from: pixie85 on October 29, 2019, 05:00:50 PM

https://www.coingecko.com/pl/explain/bch_halving

Bitcoin is gaining more as it recovers than BCH. Even if BCH follows Bitcoin in the next bull market it still is going to be worth significantly less when compared to the last bull market when it was coming out as the next bitcoin and BTC itself was suffering from 100 dollar transaction fees.

Why would anyone want to mine BCH after the halving if its value doesn't jump enough to make it worth it?

Well - if lots of miners leave because they decide BCH isn't worth mining, the hash rate will fall, the few miners left will mine more blocks and it will be worthwhile for them...

CjMapope

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Quote from: pixie85 on October 29, 2019, 05:00:50 PM

https://www.coingecko.com/pl/explain/bch_halving

Bitcoin is gaining more as it recovers than BCH. Even if BCH follows Bitcoin in the next bull market it still is going to be worth significantly less when compared to the last bull market when it was coming out as the next bitcoin and BTC itself was suffering from 100 dollar transaction fees.

Why would anyone want to mine BCH after the halving if its value doesn't jump enough to make it worth it?

i think people mine BCH for a strict hope Ver and Jihad will pump it, as they have before, its believed, as everytime it gets really low, it seems to have a nice pump
Maybe BCH will stay around for just traders more then miners?
Some pools will auto switch your miners to w.e is most profitable between the two as well, but if your selling for BTC either way that seems counter-productive lol
Personally i hope all coins with "something Bitcoin" in their names die, its so dumb, BTC can do it all, it just needs time

Jating

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As long as there are incentives to mine BCH I guess it doesn't matter if we are in a halving or not.

And don't forget that Bitmain still holds the majority of BCH as of today, so that alone means that they will continue to mine it and there could be mid-tier who are going to support BCH no matter what.

binhvo1505

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Quote from: pixie85 on October 29, 2019, 05:00:50 PM

https://www.coingecko.com/pl/explain/bch_halving

Bitcoin is gaining more as it recovers than BCH. Even if BCH follows Bitcoin in the next bull market it still is going to be worth significantly less when compared to the last bull market when it was coming out as the next bitcoin and BTC itself was suffering from 100 dollar transaction fees.

Why would anyone want to mine BCH after the halving if its value doesn't jump enough to make it worth it?

In fact, halving will not affect too many miners. because halving reduces the reward but the hash rate will remain the same but the price will increase. Businesses need to have policies to protect miners so they continue to mine and ensure the safety of the bitcoin cash system.
That's why miners are still big and mining is still making a lot of money.

minairia3

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I think yes, if there is an altcoin that can rival btc this is bch cause the team of BCH are great and compared to fork coin of btc this is the real deal that has quality and good platform. It's like the upgraded btc platform but only need promotions and marketing to fully be recognized. To be honest, I like BCH now compared to btc.

ashmodeus

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24 may 2020 , well 10 days after BTC halving .
if you talking about BTC , i can give u a advice.
but if BCH , i am not sure , since this is the first time halving of BCH,isn't ?
but well , probably we can draw conclusions from other coins , such as BTC,LTC.
halving always bring good opportunity, hopely BCH also get that effect.

pixie85

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Quote from: Landak on October 30, 2019, 03:55:25 AM

I think Halving can't guarantee a price increase for BCH. the price increase may be only a little, if we remember a few months ago there was also halving litecoin even though the price experienced a surge but only slightly.
Except if halving bitcoin, usually it always gives the most noticeable impact, if for this I am very sure.
If you want BCH mining, please go ahead. all altcoin include bch will follow the bitcoin price movements.

This is what I had in mind. The increase in BCH will happen only if there's one in Bitcoin's price first and BCH halving will happen months before BTC halving so within those months will people keep mining BCH knowing that it should be worth more but isn't and knowing that their effort could go towards BTC that is already worth mining.

You can switch from mining BCH to btc any time so the choice is obvious.

Ferris419

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Bitcoin never increased alone. Bitcoin price pumps mean all the legit altcoins will be pumped too. So, in the next bull run, BCH price will grow automatically without halving and after its halving, there is no doubt that many miners will move to BCH to mine it! Because we support it or not, but in BCH I see higher profits than Ethereum, Litecoin, EOS and so on!

Topic: Will BCH even be worth mining after the halving? (Read 296 times)