Bitcoin Forum

It is currently 2% more profitable to mine on the Bitcoin Cash blockchain.

https://cash.coin.dance/blocks

And I am hoping that there would be more miners who will shift their focus on BitCoinCash (BCH). BCH will have a place in the sea of so many alternative coins. In fact, its value is right now going up. I am sure there are many people who are happy to know of this latest development. I am not a miner though and I am not planning to be one since it can be expensive to invest in mining equipment.

that is only because of the recent pump that whales did in the past 30 hours (about 82% pumped) combined with the fact that they manually changed the difficulty and reduced it a lot.

but you still need a large investment in ASICs for mining, a cheap electricity, a place to run a mining farm or at least a couple of these to produce enough hashrate and the willingness to take the risk of doing it because you can not spend a coinbase transaction (the mining reward) right away. it needs to mature and price of BCC is very unstable.

Maybe for now while the difficulty is low but would it still remain more profitable when difficulty starts climbing up. Since you are investing on hardware, would it still be more profitable, long term, if you mine bitcoin?

Doesn't this percentage change on a daily basis? The prices of each go up and down by 5% every day... it isn't fair to say BCC is always 2% more profitable to mine than Bitcoin.

hoping it would happen... i just even knew recently that bitcoin cash already has its own mining, well since before I really wanted to try mining but i guess it would be too rough for me, considering the expenses for equipments and organize how to maintain my mining. it would also be great if you are an early adopter in mining bitcoin cash, those chances and possibilities on the price to become higher is really desired. but still it depends, there are also daily changes to ones market.

good question mate and its really a gamble to change and divert our rig to mine this project better to seek more information before switching
I guess the previous pumped drives miner to try to switch over but if the value dumped again most of those miners will go back as well.

Strange thing.
The blocksize is very often under 100kb.
To me that shows that not very much transactions are made. And the transaction fee is way lower than on the bitcoin network.
So the only thing that would make mining worth is the bounty for finding a block, or am i missing something here?

Difficulty is going down by another projected 50% to 60% on Sunday.

If the current price of BTC/BCH stays the same as it is right now, BCH will be about 30% more profitable to mine.

Miners want profit. It is an alarming thing to see h appening. It looks like the bitcoin community is going to have to continue arguing their side of which coin is better, the split has still not been healed from what I see and read here.

It is not a bad thing for bitcoin though, they taugh that the split will bring problem to bitcoin core but in the end bitcoin core is still the number one coin in crypto world. Nevertheless if the price of BCH will be consistent I intend to be mining the profit is way too high for me not to consider and it is unexpected so probably I'll buy mining equipments then try to earn some decent amount.

Why not bitcoin and other altcoins as well. You can mine bitcoins to all profitable altcoins that would be my opinion in this case. Purchase Hash rate according to your need and do mining to see the profit. However thanks for the information and the link.

the miners who count probably haven't sold on a exchange in years.

they'll have otc deals with buyers that have been set up for years. do you think those buyers are gonna be impressed when they have a load of bcash dumped on them instead of the bitcoin they were expecting?

You're right, but that's not the point here. Before this price increase, rational miners (without deeper motives) wouldn't mine BCH. Now, it might be worth it for some to defect, especially if BCH/BTC continues to rise.

If Jihan Wu really wanted to make a power grab with Roger Ver, the stage would be set. How would it look: BCH holds value when everyone thought it would die (done), then it gains significantly against BTC (in process), then hash power starts defecting to the BCH chain. Remember, Bitmain is rumored to control a majority of hash power!

While it may look good short term. Over the long term it could mean bch price will implode as a bubble the way ethereum did from being artificially overvalued and unsustainable by its transaction volume/intrinsic value and other fundamental metrics.

Also if the mining difficulty arbitrarily changes & developers make up whatever rules they want to, when they want to, that could be viewed as an unreliable and immature way to approach finance, which could cause many investors to lose faith in bch as a whole.

Whatever that could fly your coin mate, why not lets do cloud mining some BCC or BCH, you haven't yet decided what to call your fork coin and now

Promoting it like hell. if there is any cloud mining plans you are offering and is available right now with guaranteed profitability, then count me in but

If you suddenly decide to go crazy shit on me after a few weeks with the excuses of difficulty increasing I'd like to have a refund then, that's the way

I like to ride BCH and it's supporters.

Mining is good but is very dangerous because it cannot insure the best currency in the world and also the world together with sitting in the Future to the lowclass also it is the best option for you to

The volatility in price is a given. Even the price of BTC has fluctuated a lot, so I wouldn't put that down as a disadvantage for BCH.
Even if they can't spend the mining reward right away, they will just have to wait around for the right moment.

I also just came to know about the mining profitability of bitcoin cash through an article stating the same and also I think bitcoin cash is going to become the next big thing after ethereum price pump in the upcoming months.

Here is the news article https://www.cryptocoinsnews.com/bitcoin-price-dips-4273-bitcoin-cash-becomes-profitable-mine/

Sorry, do you know how to mine BCC? May I mine BCC with my PC?

Thank you, sir.

nope. you'd still need a dedicated mining machine. the difficulty would have to drop super radically for that to be possible, and there are thousands of old miners and gpus that would pick up the slack before a pc could do it.

I was surprise that the bitcoin cash was increasing today i thought more people will dump it and ignore the new coin.. and stay use bitcoin instead..
Well if you can mine with antminers  i think you can make more profit to mine altcoin since the difficulty is low but right now for those who are miining bcc fast few weeks when the price is low they already making large profit today..

Well, that escalates things. I expected that price would hold through the dumping. It did, and now we're seeing the tables turn for BCH/BTC. Now that mining is sustainable (actually profitable), Bitmain has an excuse to start pulling its hashpower away from BTC and towards BCH. Then we can get a real FUD party going! :D

To my mind 2% for simple miners doesn't make any big sense but for very serious miners it's a little good job.
It's still hard to say which one will be much profitable because bitcoin's price rised so much, maybe it will continue, maybe it will stop (I think stop). Someone can think that it's time for BCC to be over BTC.

It is easier to mine alt coin, but the profit is arguable, but since bcc price is being pumped then the miner feel that they earned more profit, however the price is not stable, so it is more risky to mine alt coin, and if this situation is true then we will see another episode of bitcoincash vs bitcoin

Investing in mining equipment is really expensive and it should be place it in a cold area. However, I doubt that there would be more miners will their focus on bitcoin cash. Most miners supporters are majority on bitcoin, And I think they won't allow it to be happen. Though I am planning to buy mining equipment or mining rig someday but never on bitcoin cash ever.

Yes, that would be really risky if you buy mining rig for bitcoin cash. We have already experienced the great dumps with this coin. It does not have guts to challenge bitcoins in any way. They are the real heroes of the crypto market and these kiddo coins can’t do them any harm.

That's sucks. That's why we see a lot of transactions not confirmed because of the greedy miners who just switch to bitcoin cash. 2% is still low. What will happen to bitcoin if all miners goes to bitcoin cash? This is disaster to bitmain. If this continues, Bitcoin cash will take over and bitmain will be a trash. I don't think Segwit really helps. Bitcoin fee still high and slow. Bad sign for Bitcoin. I will just wait for next upgrade. Hope this fix the problem.

Its really hard to play asic miners just for mining BCH and even if i do have the money to buy on i would not risk to waste off my money just to mine bch and i agree on what you have said its really risky since the price could easily crash anytime. It might give benefit on some miners but im sure it would be only on temporary basis.

Wait, it's their choice to mine Bitcoins or any other currencies based on their convenience so who are you or me to say that they are greedy?
2% is history and it will become more profitable once everything settles down for BCH in terms of difficulty and maybe more miners switch to it.
Don't you think that it's also good for Bitcoins because if BCH may get more miners, BTC will get its difficulty adjusted and the remaining miners who will be minnig BTC itself will see more profits in USD than switching to BCH. Either way they are in profits.

Soo??
There are several other cryptocurrencies which are more profitable to mine for small miners. Bitcoin mining profit is almost impossible for small miners, it is limited to giants.
But all this ain't gonna make BCC better than BTC. Stop making such stupid comparison and accept BCC as altcoin.

If i have an asic i would be doing the same as others take advantage of the moment and mine some bch and dump, besides those i dont see any valid reason to remain over it. Bitcoin has been damaged a bit due to big fees over transactions, something that now segwit should take care and handle at once those.

nice elaboration mates you made such a good prediction about bitcoin and it is not a bad thing though people thought that it will bring spit at the core of the bitcoin but at the end we will see that the bitcoin core is the world best currency as it is today and it will be tomorrow. The rates of the bcc will consistent I intent to be mine because the profit is very high for me.

Well, I'm curious if anyone really expected that SegWit would help somehow

It was obvious from day 0 that miners were not going to lose a cent of profits that they had managed to procure back in the day. It was a question of how rather than a question of if. And now it is clear how they have done that. The did that by inventing Bitcoin Cash, a mining difficulty manipulation machine. So if you want your transactions confirmed in time (more or less) without paying eerie fees, you should wait till the majority of miners switch from mining Bitcoin Cash to mining the regular Bitcoin again. Otherwise, you are on your own with insanely high fees

No worries, the price of BCC is slowly going down. It won't be long before it's no longer profitable and people go back to BTC or switch to some other alts. BCC is not doing that bad in terms of price, especially compared with other altcoins, but it's still far below the expectations of its makers and early investors. I still think it's a failure, but time will tell.

Yes, some traders had serious problems with high transaction fees but now it seems everything has settled down. Bitcoins are though safest and fastest way of transacting money overseas but for maintaining the popularity of bitcoins, the fee should be within range of majority of the traders.

Nope, the problems about high fees of Bitcoin still do not solve, I do not know the reason after SegWit active until today, the fees of Bitcoin just increase everyday and have not signal stop this monetum. If Bitcoin still increase fees, I believe altcoin will next choice for people want transfer money in blockchain system.

Although that is the case, some miners switch to bcc because it is more profitable. Therefore, btc would just get slow transactions unless miners begin to switch back to mining btc again. That being said, the only solution was to wait for miners to come back before we even see bitcoin fees getting cheap again. I dont want btc to get increased fees anymore everyday because this will be not good for it in the long run.

I think that fact has been the one making more and more people to switch over to mining bitcoin cash, making more and more transactions on bitcoin core left unconfirmed on the network, leaving transactions on the network to be slow in confirming.

That is probably why more people or should I say miners prefer to mine bitcoin cash over bitcoin leaving many transactions unconfirmed on the network, now even urgent transactions cannot meet up because it would get confirmed late.

Very right! I think there is no hard and fast rule to decide this thing that which one out of BCC and mining is best and recommended. I think both are very much good at their own places and it is no one else but only you who has to decide this thing that which option you have to choose out of both.

It is consuming feels you can't envision yesterday I have earned some bitcoin by expenses I didn't get anything so what would we be able to anticipate that we should need will trade on blockchain in light of the fact that blockchain is extraordinary compared to other place where charges are not as much as our things no doubt about it is a consuming sentiments when we are on the wrong place gives visit a chance to opportune place.

Bro why you have digged the dead thread bro. You will find the answer about mining in mining section. These kind of repetative issues been done by the newbie. Even I explained about digging dead thread.
You have chosen shit answer which not at all relevant to op query and even you done same like that.
Please avoid these issues in your future posts.

True, in the other side BCC is more profitable to mine in the sense of finding blocks, one more thing nobody use it. But in the long run, and from time to time, clever miners are shifting between BCH and BTC whatever is more profitable.

That is good as many miners are complaining that bitcoin mining is becoming unprofitable this days and many of them are converting they mining hardware to altcoins mining. I also find out that most bitcoin mining tools required a lot of electricity and in most countries electricity is very expensive . Bitcoin cash should be profitable for mining because there is still a lot to be mining.

Bitcoin cash will have a long life and will be the first currencie to be able to cross bitcoin income from miners, but sure energy is something that should be taking into consideration, and looks like China has all the best prices and conditions to get into crypto. This is bad since not all countries and people will try mining, wich will centralize a big part of the coins into one single place, forcing the rest of the world to buy those coins into the market. I do remember before the changes people going into bitcoin cash since it were 40% more profitable then the  bitcoin mining, this has been reduced, but i believe both coins will keep being the best option to mine over the next years.

It depends upon how large is your hashing power,if i am holding a bigger hashing power,i will mine only bitcoin because of the valuation it has,but since the difficultly level is really large i would rather settle with bitcoin cash ,it all depends upon how much money you have invested into mining and for small players like me i would choose bitcoin cash to mine than bitcoin.