Bitcoin cash needs miners BCH

[ry0t]

Currently BCH is only mining 3 blocks per day. There are people out there who have transactions that are 6 to 8 blocks away. I know that when I go to transfer my BCH from electron cash to hitbtc I will be waiting up to 3 days for the transfer. I am patient but I am sure others arent so patient.

This is one of the reasons you see the price of BCH rising so heavily, because even though there is much out there, NO ONE will be able to sell it on the markets for a couple days.

[Minor Miner]

So, you would like people to burn money through electricity mining a HUGE difficulty chain that will never pay their costs back so your transactions can print?

Yeah, that is brilliant.   Who thought this was a good idea?

[cryptotore]

I'm mining BCH, its not all about profit!

[Marvell1]

should not the diff retarget in a few days anyways

[Minor Miner]

should not the diff retarget in a few days anyways

months you mean?   it is over 1000 blocks from retargeting.

[Emoclaw]

There's no reason for sane miners who are currently mining Bitcoin to switch to a less profitable altcoin.
It'll probably keep being this way until the difficulty readjusts, or until their hashrate crash protection kicks in (it may already have, I'm not sure).

[eckmar]

There are miners that don't care about profit but even for them, i don't understand why would anyone want to mine BCH. It's just worse version of bitcoin. No reason to invest your time and hardware into that. Even you (@OP) just want to dump it and make some quick buck

[Jafri101]

Mining for BCH now is always profitable because there are less miners low difficulty level. And you always have an option for keeping BCH or exchange with Bitcoins. I prefer keep BCH can be profitable atleast for this month i see its price flying high. Moreover its quite profitable to mine BCH for atleast 4-6months it will be most profitable because of lack of miners

[Ambros]

Just wait some times sitting on your BCH. Soon diff retarget will happen and you will be able to move your coins lighting fast

[Za1n]

Mining for BCH now is always profitable because there are less miners low difficulty level. And you always have an option for keeping BCH or exchange with Bitcoins. I prefer keep BCH can be profitable atleast for this month i see its price flying high. Moreover its quite profitable to mine BCH for atleast 4-6months it will be most profitable because of lack of miners

You have no idea what you are talking about. When BCH forked it inherited the difficulty of the Bitcoin chain at the moment of the split. This means the chain only has maybe 5% (last time I checked) of Bitcoin's hashrate and all of its difficulty.

Sure there is a difficulty adjustment in place that will eventually happen, but they need to mine enough blocks to get there. While some supporters will forsake profits for a little while to help give it a boost, those big miners paying $1,000/day in electric bills are not going to be quite so generous.

[mirny]

I'm mining BCH, its not all about profit!

And, if you can tell us, what is the secret, why you're mining this coin?
I cant find any reason to support this.
Of course I can be wrong, or haven't informations, you have.

[ZenFr]

Currently BCH is only mining 3 blocks per day. There are people out there who have transactions that are 6 to 8 blocks away. I know that when I go to transfer my BCH from electron cash to hitbtc I will be waiting up to 3 days for the transfer. I am patient but I am sure others arent so patient.

This is one of the reasons you see the price of BCH rising so heavily, because even though there is much out there, NO ONE will be able to sell it on the markets for a couple days.

Are you serious ?
Mine BCH yourself and buy enough hardware to offer a good hashrate to this coin.

[cryptotore]

I'm mining BCH, its not all about profit!

And, if you can tell us, what is the secret, why you're mining this coin?
I cant find any reason to support this.
Of course I can be wrong, or haven't informations, you have.

Because I think BTC core is toxic as fuck, and I'd rather support anyone else tbh.

Regarding diff retarget: https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e

"Bitcoin Cash has a very particular rule about when difficulty can adjust downward. Rules for this are as follows:

• Median Time Past of the current block and the Median Time Past of 6 blocks before has to be greater than 12 hours.
  
• If so, it gets 20% easier to create proof of work. In other words, miners can find blocks 20% easier."

[RobRoy]

bch p2pool

http://bch.coinminer.space:5964/static/

[juvx]

If they were smart they would take miners offline and make the hashrate crash protection kick in NOW. then start up again...

[juvx]

Mining for BCH now is always profitable because there are less miners low difficulty level. And you always have an option for keeping BCH or exchange with Bitcoins. I prefer keep BCH can be profitable atleast for this month i see its price flying high. Moreover its quite profitable to mine BCH for atleast 4-6months it will be most profitable because of lack of miners

No yet.. it has the same dificulty as regular bitcoin... aka you are making 0 until that self adjusts.

[Minor Miner]

If they were smart they would take miners offline and make the hashrate crash protection kick in NOW. then start up again...

They have to find a block for difficulty to adjust down.   If there are less than a block every two hours after that block, difficulty will drop again.   and so on.   until you get to a managable point.
then some miners will hop over and the see saw begins between the two chains.   Instead of the old pool hopping, maybe we will see chain hopping by miners.
Maybe Organ will come out from walkabout and actual make some money putting together chain hopping strategies.

Or the new branch just dies.   who really knows right now.
the only thing for sure is that a lot of exchanges stole a lot of BCH from accounts.

[Savik]

Article explaining why it took so long to mine first 6 blocks of BCC:

https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e

very interesting, I wonder if the big miners will jump in now

[jmumich]

Article explaining why it took so long to mine first 6 blocks of BCC:

https://medium.com/@jimmysong/bitcoin-cash-difficulty-adjustments-2ec589099a8e

very interesting, I wonder if the big miners will jump in now

Maybe some, short term, but I don't think the bulk of miners are into speculating, and mining bcash would be just that... speculating.

[adaseb]

Its simply astonishing at how little understading there is when it comes to Bitcoin or Cryptos in general.

It seems most people here are just for a quick buck rather than understanding how the network functions.