[2017-08-01] Bitcoin.com Pool Members Can Mine Bitcoin Cash

[CryptoBry]

This past March Bitcoin.com launched its mining pool which has garnered quite a bit of hashrate since it started. This is due to the pool offering the best payout plans in the industry with a 110% block reward, 0% fees. Now we are pleased to announce that pool.bitcoin.com members can prepare to mine the Bitcoin Cash (BCC) protocol when the chain starts on August 1st.

On August 1 after 12:20 UTC there is a planned hard fork taking place on the Bitcoin network which will bifurcate the blockchain into two separate paths. Discussions concerning this event have been happening for weeks, and our readers can get up to date by reading this article here. After the split, a new token will be created called ‘Bitcoin Cash’ (BCC or BCH) and it will offer a few different aspects compared to the current bitcoin protocol; raising the block size limit to 8MB and removing protocol changes like Segregated Witness and Replace-by-Fee (RBF).

In our recent PSA concerning Bitcoin.com’s official position on the BCC chain, we remain committed to the Segwit2x proposal, otherwise known as the New York Agreement. However, due to significant demand from our users, the Bitcoin.com pool will give mining customers the option of supporting the Bitcoin Cash chain with their hashrate. Since the fork is almost upon us, we’ve decided to let pool.bitcoin.com members get prepared to mine the BCC chain.

Courtesy of Bitcoin News.

This can be good news to members of the Bitcoin.com pool as they will now have an option to also participate in BitcoinCash (BCH). I know that there seems to be a negative press against BitcoinCash but then again since it is already here we might as well accept it and see if we can make some money out of it.

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[plasmodesmata]

Can it be mined with GPU?

[plasmodesmata]

I guess not... sadness abounds.

[Qartersa]

This past March Bitcoin.com launched its mining pool which has garnered quite a bit of hashrate since it started. This is due to the pool offering the best payout plans in the industry with a 110% block reward, 0% fees. Now we are pleased to announce that pool.bitcoin.com members can prepare to mine the Bitcoin Cash (BCC) protocol when the chain starts on August 1st.

On August 1 after 12:20 UTC there is a planned hard fork taking place on the Bitcoin network which will bifurcate the blockchain into two separate paths. Discussions concerning this event have been happening for weeks, and our readers can get up to date by reading this article here. After the split, a new token will be created called ‘Bitcoin Cash’ (BCC or BCH) and it will offer a few different aspects compared to the current bitcoin protocol; raising the block size limit to 8MB and removing protocol changes like Segregated Witness and Replace-by-Fee (RBF).

In our recent PSA concerning Bitcoin.com’s official position on the BCC chain, we remain committed to the Segwit2x proposal, otherwise known as the New York Agreement. However, due to significant demand from our users, the Bitcoin.com pool will give mining customers the option of supporting the Bitcoin Cash chain with their hashrate. Since the fork is almost upon us, we’ve decided to let pool.bitcoin.com members get prepared to mine the BCC chain.

Courtesy of Bitcoin News.

This can be good news to members of the Bitcoin.com pool as they will now have an option to also participate in BitcoinCash (BCH). I know that there seems to be a negative press against BitcoinCash but then again since it is already here we might as well accept it and see if we can make some money out of it.

Though it is still quite new and it inherited the difficulty of bitcoins in terms of mining, hence that is  why their network is still slow. The price is still really low and the difficulty is very high. so I think it is not yet worth it to mine it now. probably when the difficulty decreases and the price goes up, it will be worth it to mine this coin .

[veleten]

I guess not... sadness abounds.

it can be mined with GPU,only the time and electricity wasted to do it
makes the process totally useless,BCC has difficulty comparable to bitcoin,so it makes no sense to mine it with GPU
besides,there are altcoins that are much more profitable to mine with GPU's,just go to coinwarz.com and pick one

[plasmodesmata]

I guess not... sadness abounds.

it can be mined with GPU,only the time and electricity wasted to do it
makes the process totally useless,BCC has difficulty comparable to bitcoin,so it makes no sense to mine it with GPU
besides,there are altcoins that are much more profitable to mine with GPU's,just go to coinwarz.com and pick one

I was hoping the difficulty would eventually scale down since it's a 'new' coin.

[Iranus]

I guess not... sadness abounds.

it can be mined with GPU,only the time and electricity wasted to do it
makes the process totally useless,BCC has difficulty comparable to bitcoin,so it makes no sense to mine it with GPU
besides,there are altcoins that are much more profitable to mine with GPU's,just go to coinwarz.com and pick one

I was hoping the difficulty would eventually scale down since it's a 'new' coin.

Considering how easy it is to convert between BTC and other cryptocurrrencies, it shouldn't make much of a difference how new it is as long as you can send it reasonably easily.  Might as well just go with a coin that attempts to be ASIC-resistant (most of the newer ones), if you're desperate to mine with a GPU.
IMO it's fine to have choice.  BCH still exists so if people want to mine it they can go ahead and do so.  Considering that you can mine it with BTC hardware it makes sense to have an easy way to switch.

[veleten]

I guess not... sadness abounds.

it can be mined with GPU,only the time and electricity wasted to do it
makes the process totally useless,BCC has difficulty comparable to bitcoin,so it makes no sense to mine it with GPU
besides,there are altcoins that are much more profitable to mine with GPU's,just go to coinwarz.com and pick one

I was hoping the difficulty would eventually scale down since it's a 'new' coin.

Considering how easy it is to convert between BTC and other cryptocurrrencies, it shouldn't make much of a difference how new it is as long as you can send it reasonably easily.  Might as well just go with a coin that attempts to be ASIC-resistant (most of the newer ones), if you're desperate to mine with a GPU.
IMO it's fine to have choice.  BCH still exists so if people want to mine it they can go ahead and do so.  Considering that you can mine it with BTC hardware it makes sense to have an easy way to switch.

this BCC difficulty jumps,that have nothing to do with Satoshi's whitelist,by the way
are exceptionally detrimental for BTC,as it makes the miners switch to the most profitable coins to mine
thus making the time between the bitcoin blocks extremely high and thus causing the mempool backlogs
then it returns to normal and BCC blocks come out empty
I hope there will be no more cash to support buying out al lof the dumped BCC coins and the price drops substantially,so it does not impede bitcoin's growth