Topic: Will the “new bitcoin” make mining original btc easier? (Read 222 times)
You Remember that btc mining is made with special machines and btc gold; It's my understanding that it will be made with video cards, so I do not think there is much difference.
It is definitely possible. It probably will happen if the existing miners split their mining power among the different currencies we should see a split in hashrate. Though new currencies will probably attract been miners or existing miners will buy more mining machines to mine more then one currency at a time.
It is?
Did we see a split in the hashtrate when Bitcoin Cash came on the scene? I don't remember hearing about it.
Would it also become easier to mine if the transaction activity is split between (soon to be) three currencies?
I figure if a large chunk of the mining community move to the new community, all of a sudden the mining difficulty and hash size of the original bitcoin will drop?
Could this be a great thing for pure btc miners?
Ultimately most miners are going to go where the money is. If there are not enough people mining, I suspect the price would drop, or otherwise there will be an influx of miners. If there is a large profit to be had you better believe people will be switching their hashing power. Could this be a great thing for pure btc miners?
The last fork didn't changed changed the difficulty for Bitcoin core too much, I don't think the next fork will.
There are several alts with different difficulties, I don't know what will be different with the next fork
There are several alts with different difficulties, I don't know what will be different with the next fork
I agree with this. I have a feeling that bitcoin gold will go pretty similar to bitcoin cash. Investors of bitcoin will end up dumping the btc gold in order to get more bitcoin with their holdings. Chances are that this will raise price and introduce more investors into the whole bitcoin scene as well.
I don't think that this "new bitcoin" will make the mining easier. As mentioned, the last split didn't have that much impact in the bitcoin mining. And those who have choose to mine BCH earlier moved back to bitcoin mining because there's not much incentive to gain. It will be the same with Bitcoin Gold, those that will support this in the beginning have no choose but to go back to bitcoin mining because it will not gain any traction to the community, which means no profit for them. So I doubt that the difficulties in bitcoin mining will be affected by the next hard fork.
The last fork didn't changed changed the difficulty for Bitcoin core too much, I don't think the next fork will.
There are several alts with different difficulties, I don't know what will be different with the next fork
There are several alts with different difficulties, I don't know what will be different with the next fork
I agree with this. I have a feeling that bitcoin gold will go pretty similar to bitcoin cash. Investors of bitcoin will end up dumping the btc gold in order to get more bitcoin with their holdings. Chances are that this will raise price and introduce more investors into the whole bitcoin scene as well.
The last fork didn't changed changed the difficulty for Bitcoin core too much, I don't think the next fork will.
There are several alts with different difficulties, I don't know what will be different with the next fork
There are several alts with different difficulties, I don't know what will be different with the next fork
It is definitely possible. It probably will happen if the existing miners split their mining power among the different currencies we should see a split in hashrate. Though new currencies will probably attract been miners or existing miners will buy more mining machines to mine more then one currency at a time.
I figure if a large chunk of the mining community move to the new community, all of a sudden the mining difficulty and hash size of the original bitcoin will drop?
Could this be a great thing for pure btc miners?
Could this be a great thing for pure btc miners?
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