Diff drop incoming?

[keystroke]

Sorta strange we are at an ATH but at the moment it seems like diff will stay about even or drop very slightly. Thoughts as to why?

[dontmindme]

Anybody who is attempting to answer that question is likely bullshitting. Today NASDAQ went down 0.11%, nobody knows why

[keystroke]

Could be mining issue people know about or movement to BCH. Can be determined by looking @ hash rate of other coins. Haven't done that myself. Your analogy is a bad one.

[alh]

Almost certainly some hashrate has been moved over to mine on BCH (IMHO). It's got a significant amount, and I don't think it was just sitting on the sidelines waiting for the fork to happen. My understanding is that Bitmain has some investment in BCH, so it would make sense that they want to support it for a while.

[gbBit]

My guess is that Bitmain is now shipping their August batch so everything they had in "testing" is currently in transit.  Expect difficulty to go back up significantly in 3 weeks as long as price stays where it is.

[coinzoid]

With the new hardware arriving in the hands of customers, maybe difficulty will increase more. However, those products are already used ones in Bitmain's factory right?

[Buddytronic]

Sorta strange we are at an ATH but at the moment it seems like diff will stay about even or drop very slightly. Thoughts as to why?

My thoughts are that mining BCC is worthwhile right now and that's where the hashes went to.

[QuintLeo]

There was a short term move over to BCH (BCC is NOT Bitcoin Cash, it's BitConnect Coin which LONG predates Bitcoin Cash) when it briefly got more profitable to mine than BTC - lasted perhaps a day and a half and collapsed the profitablity due to at least one MAJOR farm moving over, now it's moving back (almost all of it IS back) as BCH profitability collapsed due to the massive hashrate influx.

 Also, when Bitmain isn't shipping a batch of S9 units (and for a few days WHEN they are shipping a batch), the hashrate tends to be close to flat as nobody else is shipping or manufacturing large numbers of miners (yet).

 

[BitcoinNewsMagazine]

Miners have switched back en masse to BTC in a coordinated effort to make the BCH difficulty adjustment kick in again and it looks like that will happen in 7 blocks; at least two adjustments down. Then hashpower may start moving from BTC to BCH again depending on relative price.

[philipma1957]

They will dance back and forth for as long as they can. As Long as they think it is a better way to mine.  I think viabtc.com is offering an auto switch mining option.

Not sure where this is heading.  It is a dilution of the  "BTC" name we may end up with every coin being an alt coin.


BTC------ BCC/BCH

7213 P     932 P   

5235 P    2100 P

4700 p    3700 P


All of the above occurred over the last 4 days

[Buddytronic]

There was a short term move over to BCH (BCC is NOT Bitcoin Cash, it's an OLDER altcoin)

 

I'd like to say that Bittrex and Hashnest both call Bitcoin Cash "BCC" and NOT "BCH".

So can you explain why you call it BCH and seem to imply that BCC is not Bitcoin Cash?  

I noticed this naming issue and I am puzzled about it.


  

[QuintLeo]

I've already sent complaints to Bittrex and WhatToMine about the MISLABLING of Bitcoin Cash as "BCC".

 BCC has long been used by BitConnect Coin, calling Bitcoin Cash "BCC" is an error that NEEDS to be addressed frequently and often 'till the folks that are committing that error FIX it.