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Author Topic: Will Bitcoin Cash be more profitable for mining?  (Read 2469 times)
BitcoinWatcher
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July 31, 2017, 05:10:46 AM
 #1

Will it be worth it to try mining Bitcoin Cash? I'm keeping my coins in bitfinex so I get both coin after the spplit and since there is less miners and the coin will start out speculatory is the profit potential as a miner going to be there initially for BCC like BTC was originally or will it be the same and need specialized hardware?
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Za1n
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July 31, 2017, 07:40:30 AM
 #2

If you are asking if it will be GPU mine-able, I highly doubt it. While I am sure it will only get a fraction of BTC's hashrate, you need to remember that mining BTC has been ASIC only since early 2013.

The best case scenario, would be some early Bitcoin ASIC hardware might be useful again for a month or two. However, there are many people who support Bitcoin Cash who do have modern hardware  and who will be switching some portion (or all) of it over.


I decided to look into this bit more after I posted the above. With the new information, I think only mining hardware acquired within the last year would even be viable on the BCC network, so disregard even the early ASIC equipment comment I made earlier.

Here is a link I found that shows some of the historical Bitcoin difficulty numbers:  https://docs.google.com/spreadsheets/d/1DQYQOLsB-pJWGu5e8CXF4vkxdYHEJDOyxQptBmC_030/edit#gid=0

I remember moving away from GPU of mining of BTC and moving to alts such as LTC during early 2013, so let's look at the difficulty at the beginning of that year as an example.

The January 8th, 2013 difficulty shows as:   3,249,550

The latest difficulty is: 860,221,984,436 (https://bitcoinwisdom.com/bitcoin/difficulty).

This represents over a 250,000x increase in difficulty over that time span. Also the block reward back then was 50 BTC/block versus only 12.5 BTC/block today.

Anyway, even if BCC gets 1/10th of BTC's current hash-rate, the BCC mining difficulty might eventually drop down to ~86 Billion. In other words, this would mean a GPU will have a roughly 25,000 as hard of a time to find a block as it did in early 2013.
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August 04, 2017, 08:25:26 AM
 #3

any BCC mining calculators out yet?  Has the difficulty fully retargeted to the new hashrate?  Wondering if it's worth firing up my S5 or not.  Power cost is not an issue.
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August 04, 2017, 11:05:41 AM
 #4

any BCC mining calculators out yet?  Has the difficulty fully retargeted to the new hashrate?  Wondering if it's worth firing up my S5 or not.  Power cost is not an issue.

I've been wondering about this as well.

However IF early reports are correct and 10-15% of the hashrate of btc went to Bcash, then all you have to ask is, "was I running my s5 in April of last year?". Difficulty was about 10% of what it is now, and btc was $400 ish.

If everything is correct (including my logic), I think that makes s7's profitable, and s5's slightly profitable in the right conditions.
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August 04, 2017, 01:39:41 PM
 #5

any BCC mining calculators out yet?  Has the difficulty fully retargeted to the new hashrate?  Wondering if it's worth firing up my S5 or not.  Power cost is not an issue.

The diffculty is still too high to mine it profitably for most people. It is mined by believers now.
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August 04, 2017, 02:27:15 PM
 #6

was toying with the idea of getting a couple of s7's for when the diff drops enough, and it will. price might be pants by then but it's all about taking the chance it will go back up? who knows at this point. they said and still do that btc is dead. they said eth was shit and would die. might be worth a punt

                                
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Yatsida
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August 04, 2017, 02:54:39 PM
 #7

was toying with the idea of getting a couple of s7's for when the diff drops enough, and it will. price might be pants by then but it's all about taking the chance it will go back up? who knows at this point. they said and still do that btc is dead. they said eth was shit and would die. might be worth a punt

I think the difficulty of BCC will not drop too low. if it is too low, it will be 51% attacked.
Enkeci
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August 17, 2017, 08:40:29 PM
 #8

any BCC mining calculators out yet?  Has the difficulty fully retargeted to the new hashrate?  Wondering if it's worth firing up my S5 or not.  Power cost is not an issue.
Maybe that works

An online calculator here http://cashcalculator.pw/

Code:
#!/usr/bin/python

import urllib2,simplejson,sys

# usage python cashmine.py <ths>
# example to calculate bitcoin cash earning for 14 ths, python cashmine.py 14
 

def calc():
    
    usd = simplejson.load(urllib2.urlopen("https://api.coinmarketcap.com/v1/ticker/bitcoin-cash/"))[0]["price_usd"]
    month_bcc = (30* int(sys.argv[1]) * 1e12 * 12.5 * 86400) / (simplejson.load(urllib2.urlopen("https://cashexplorer.bitcoin.com/api/status?q=getDifficulty"))["difficulty"]*2**32)

    print "[*]Bitcoin Cash mining calculator using %s ths" %sys.argv[1]
    print "[*]Difficulty changes every 2016 blocks, 2 weeks"
    print
    print "Hour:  %f bcc  ||->  %.2f usd" %(month_bcc / 30 / 24, float(usd) * month_bcc / 30 / 24)
    print "Day:   %f bcc  ||->  %.2f usd" %(month_bcc / 30 , float(usd) * month_bcc / 30 )
    print "Week:  %f bcc  ||->  %.2f usd" %(month_bcc / 30 * 7, float(usd) * month_bcc / 30 * 7)
    print "Month: %f bcc  ||->  %.2f usd" %(month_bcc, float(usd) * month_bcc)
    

if __name__ == '__main__':
    calc()
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