Anyone Switching from Mining BTC to BCC/BCH?

[Moria843]

Wondering if BCC/BCH mining could produce more blocks and be more profitable than BTC mining.

Anyone doing or looked into?

[fusion0389]

Wondering if BCC/BCH mining could produce more blocks and be more profitable than BTC mining.

Anyone doing or looked into?

Haven't looked into it because I don't support the coin. With appx 5% of the BTC hashrate moving to BCC, I think we may be looking at a diff decrease here on the ol BTC chain though

[aoihs00]

That is no way my choice of mining. I don't support BCC/BCH either and having sense that it won't be much profitable. It's like another altcoin for me who just pooped out of egg and still not stable by all means. Let's wait for another week or two so that we can understand what's BCC or BCH could be really. It's potential must be known to us before we can proceed to mining. The folk above just said the truth it might share the difficulty with bitcoin so it's better to stick with bitcoin only.

[NotFuzzyWarm]

Wondering if BCC/BCH mining could produce more blocks and be more profitable than BTC mining.

Anyone doing or looked into?

Haven't looked into it because I don't support the coin. With appx 5% of the BTC hashrate moving to BCC, I think we may be looking at a diff decrease here on the ol BTC chain though

BCC is an altcoin and yes for now is/was tied to BTC but they will diverge. ref August 1 summary
I for one hope BCC withers on the vine and dies after the pump 'n dump vultures get done with it.

[armlock]

Do you think bcc mine will be promising?

[QuintLeo]

Wondering if BCC/BCH mining could produce more blocks and be more profitable than BTC mining.

Anyone doing or looked into?

Haven't looked into it because I don't support the coin. With appx 5% of the BTC hashrate moving to BCC, I think we may be looking at a diff decrease here on the ol BTC chain though

 Not so far, though the Bitcoin hashrate has been flat for the last couple days.

 I suspect that to be more about Bitmain having finished shipping of their July S9 batch early enough in the month that they're all online now.


 The figures I've seen so far for Bitcoin Cash network hashrate puts it at less than ONE HALF of a percent of the network hashrate for Bitcoin - but the DIFFICULTY is still high due to the "gradual drop" thing the Bitcoin Cash folks implimented.

[soy39]

There were posts of how mining BCC was getting much more profitable than mining BTC.  I have a medium power cost I suppose and can't afford to mine in the summer - my best miner is an S5.  My power costs more above 1000kw and my billing period end was a week away.  I saw that I could run the S5 for a week and just reach the breakpoint so I did.  Net hashrate in that week had gotten up to 8,215.  I sent a couple of sawbucks to coinbase and extrapolated my mining results only to find it was ~86% efficient as buying the bitcoin outright.  So of course I shut down mining.  There were some unconfirmed rewards and when all was said and done the 86% moved up into the 90 percentile efficiency.  Since then BTC hashrate has dropped to 4,804 today and the next difficulty will be 885.9 down from 923.2.  But that news about BCC becoming so much more profitable to mine than BTC appeared so I looked.  I couldn't find a US BCC mining pool.  A pool in China wanted my cell phone number but that was a no starter.  So, I got nowhere fast.  I tried Bitconnect pool but although the S5 appeared to be hashing there were rejects galore and no hashing stats on bcc.coin-miners.info so I shut that down.  An email asking if an S5 can mine there went unanswered.

I do plan on mining this winter to offset heating costs.  Perhaps the BCC mining will shake out by then.

soy39

[coinnoob_za]

Sorry guys, I am not hating on BCH (BCC is Bitconnect) but it really is a Trojan Coin that can be a real threat to the True Bitcoin chain. I do not support it an immediately sold mine. If you mine it, you help support it.
It was more profitable to mine than Bitcoin, but it's only because they pumped the coin when they knew the downward difficulty was coming. (Probably done by a select few to try and get hashpower to move over from original chain....and it worked temporarily)
Then when difficulty adjusted way down with the price being higher it became more profitable than Bitcoin. So what happens? Hash power starts to migrate over to the BCH chain to make short term profit.
http://fork.lol/pow/hashrate
If you look at fork.lol, those lines almost met in equal hashrate!!! Now the difficulty adjusted X4 because they mined 2016 block so fast. As soon as that happened the Hashpower starts hopping back to the Original Bitcoin chain.
Crazy to think that a website slapped together in a few days and a wallet basically copied from Electrum and a rushed hardfork almost stole half the Hashpower from Bitcoin.
Anybody concerned about 51% Attacks on the original chain? This is not good for the original stable Bitcoin chain what this stupid altcoin with 1 programmer is doing.(with a lot of backing from people I'd rather not mention)
The Hashpower jumping will continue I reckon. Behaviour like this should be punished and not rewarded socially. We should not buy BCH or mine it. Even holding onto BCH is helping them to orchestrate this. This is pure manipulation and we should be concerned and not sit on the fence.

All your Altcoins are in some way tied to Bitcoin's network security and stability. This altcoin could very well destabilize Bitcoin and open the door to more Bitcoin forks. Look at Segwit2X hardfork coming. What's to stop more from happening and using Bitcoin as a launch platform like some sort of ICO. I know this is very controversial and I'm just airing my concerns so people can start to think about it.

I think they purposely built in the Emergency difficulty adjustment for BCH which happens if they find like 6 Block in 12 Hrs which is very close at the time of writing. They probably knew this would happen, otherwise they would be stuck on high difficulty for 2016 Blocks.
Remember Bitcoin has to wait 2016 Block and has no emergency difficulty adjustment......

[soy39]

Okay. 

Also, one of the arguments that Bitcoin is better than fiat is that there's a set number of bitcoin that will ever exist. 

But, altcoins do an end run on that argument.  The idea of crypto currency versus fiat, that a government can just 'print money' or allow huge debt spending tomorrow's fiat today while bitcoin can't is somewhat defeated when there's any number of altcoin.

[coinnoob_za]

Specially if certain groups can just print or airdrop 16 Million Bitcoin Cash....

My prediction just came true

The BCH emergency difficulty adjustment took place. All of a sudden it is once again more profitable to mine BCH by 26% because the difficulty dropped from 30% to 10% of original chain. NOw fork.lol is showing a swing in hash power again.
If some whales of BCH were to pump the price of BCH again right now, what do you imagine would happen to Bitcoin?
This see-saw effect is just going to continue. It's like this coin with its emergency diffuculty adjustment was designed to try and steal hashpower from the original chain
Anybody see something wrong with this?

BTW they don't like the name "Bitcoin Cash", they are gunning for the real Bitcoin name and hope the confusion draws new consumers that are unaware and confused.
I can see some real problems with this....

[bapparabi]

is there any bitcoin cash pool right now ?? because i can see nay or getting any info where i can get it .. and yes mining BCC is almost 50% profitable then mining Bitcoin .. but until any one or any pool support BCC it not possible i thing to mine it

[coinnoob_za]

Have you not read the articles, why would you want to support and mine this Disruptive trojan horse coin?

If 50% of hashpower starts moving away from Bitcoin today due to this, There is no emergency adjustment for Bitcoin, it has to wait 2016 blocks to adjust. So they could lose half the hash power and stay on same difficulty for even longer because blocktimes would go up from 10 mins to 30 mins.
Guys BCH is causing attacks on Bitcoin and it's security and stability. I would think everyone in this forum is an avid Bitcoin supporter and has been for many years.

Please don't be short sighted and look for the quick buck when you are destroying the Original Bitcoin. Don't be upset when you want to hop back and there is nothing to hop back to......

[puwaha]

We all knew that an "altcoin" could one day replace bitcoin's popularity.  Why is anyone surprised when one is attempting to do so?

[coinnoob_za]

Yes then let it be Etherium or something that was designed from scratch that can actually do something like smart contracts and that has more functionality and technical capability and uses for Dapps.

Not some rogue Miners and one programmer with a Wix Website that copied the Bitcoin code and all other code to make a wallet and is relying on public confusion trying to basically steal the Bitcoin name. For godsake they didnt even check to see if the 'BCC' ticker was taken when they chose it.
That would have taken anybody 10 seconds.
If they can do this to Bitcoin it could affect all the other coins and the entire market. There will be more hardforks coming....
If BTC chain is attacked at 10% hashpower strength you could lose all your Bitcoins.

[QuintLeo]

Even if I HAD any SHA256 miners, I would not support the BCH blatant attempt to rip off the Bitcoin name.