About Bitcoin Cash. Bitcoin Cash price today is $ USD with a hour trading volume of $5,,, USD. Bitcoin Cash is down % in the last 24 hours. The current CoinMarketCap ranking is #6, with a market cap of $5,,, USD. Sep 16, · Especially in the first few months of BCH's existence, there was huge variation in the profitability of mining BTC vs the profitability of mining BCH. . Bitcoin Cash remains a very interesting creature in the world of cryptocurrency. Although the opinions on this altcoin remain divided, no one can argue the value is surging. More specifically, the price per BCH has surpassed $1, again overnight. It also appears the mining profitability is slightly in favor of BCH .
Btc bch profitabilityBitcoin Cash Price Moves Up as Mining Profitability Favors BCH
More specially, the profitability difference between the two is coming down. Mining BCH was quite unprofitable for the first two to three days. Right now, it is almost on par with Bitcoin mining. This is thanks to multiple mining difficulty adjustments on the Bitcoin Cash network. With the hashrate still on the low end, reducing the difficulty makes a lot of sense.
Once more miners support this blockchain the difficult will go up once again. It will take some time until the number reaches parity, though. There are those who will never support Bitcoin Cash for various reasons. There are those who want to make the most money and mine whatever is most profitable.
At this rate, that may very well be Bitcoin Cash for some time to come. Reaching party with Bitcoin as far as profitability is concerned would be a major milestone. Right now, it seems more people are interested in suppressing the value more than anything else.
However, it is a sign of the network maturing slowly but surely. One has to keep in mind BCH has been around for about a week now. Despite the odds, it successfully survived this long. The network is growing and services are showing support for BCH payments as we speak. An interesting future lies ahead, that much is evident. Miners should pay more attention to what is going on if they want to make more money.
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Reading Time: 2min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! In fact, we see there are several entities labeled as Unknown. All of them use a different coin base text when they find a block. That in itself is pretty interesting, albeit also a bit worrisome. At the same time, it shows greater interest in Bitcoin Cash as a whole.
This upcoming weekend will be rather interesting for all cryptocurrencies. With virtually all top currencies in the green, fireworks are to be expected. Who will come out on top, remains the big question.
Right now, the momentum favors BCH, but that can always change at any given moment. Monero has been going strong all week as well, as has Dash. Litecoin might surprise everyone, though, as very few people actively talk about it these days.
There is no such thing as a boring day in cryptocurrency. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. Reading Time: 2min read.
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