Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin

[sheld0n]

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

[skyline247]

How the heck did it go up over 50% in just one day? Why is it going up so much?! This seems shady and I don't know what to think about it.

[mriansa]

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

I hope the price of BCC can offset the BTC price as soon as possible, because I see the BCC network is faster and fresher than the BTC network that has been too slow for BTC performance, by the way I also feel the advantages of this proud BCC increase

[tiggytomb]

I got a shock when I saw that it was up to $500, I still haven't split my coins and am in for a bit longer, I wonder if it could hit $1k ?

[BitcoinNewsMagazine]

Just watch http://fork.lol BTC currently more profitable than BCH

[HabBear]

A thread has already been started on this topic please lock this down and all comments can be directed to the first thread created. You'll find it here.

The first thread on this topic was created just two hours before you created this one, which means you didn't really look to see if discussion had started on this topic. Next time, please take 2 minutes (at least) to see if people are already talking about what you plan to post.

[Yoandy10]

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

I hope the price of BCC can offset the BTC price as soon as possible, because I see the BCC network is faster and fresher than the BTC network that has been too slow for BTC performance, by the way I also feel the advantages of this proud BCC increase

Actually, the BCC network is currently much slower. It takes approximately an hour to get 6 confirmations, whereas the BTC network takes just minutes. Continue reading that article on Coindesk and you’ll see they reference the network speed of each. As of now, it really isn’t more profitable just yet for miners, but it will be very soon if the value trend of each continues.

[carcassone]

Just watch http://fork.lol BTC currently more profitable than BCH

From this site: http://fork.lol/reward/opportunity

The sum of potentially missed rewards by BCH miners compared to what they could earn on the BTC chain. Combined, BCH miners have currently missed out on an estimated total of $4,249,861.83.

Maybe in the long term BTC could maintain the historic leadership?

[iluvpie60]

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

I hope the price of BCC can offset the BTC price as soon as possible, because I see the BCC network is faster and fresher than the BTC network that has been too slow for BTC performance, by the way I also feel the advantages of this proud BCC increase

Actually, the BCC network is currently much slower. It takes approximately an hour to get 6 confirmations, whereas the BTC network takes just minutes. Continue reading that article on Coindesk and you’ll see they reference the network speed of each. As of now, it really isn’t more profitable just yet for miners, but it will be very soon if the value trend of each continues.

I think you mean it takes 30 to 60 minutes to get one confirmtion on BCH network, and on BTC network it takes an hour to get 6.

Is that what you meant to say? Unless I am missing someting, BTCisn't confirming every few minutes.

I thought they already took all of the block time confirmations into account when figuring out the price calculation, are you saying they aren't?

[olami]

Bitcoin has ever been the best crypto currency that changes many peoples life especially in my country of residence, it is above $1k as at now.

[Gaaara]

A thread has already been started on this topic please lock this down and all comments can be directed to the first thread created. You'll find it here.

The first thread on this topic was created just two hours before you created this one, which means you didn't really look to see if discussion had started on this topic. Next time, please take 2 minutes (at least) to see if people are already talking about what you plan to post.

Yeah it should be locked, I already read one like this in Economics, there is no need for a topic to have a two section, it can misguide and it will lessen the information for the person who reads if both topic continue being posted. Now there are currently 3 topics with same subject but different contents, the first one is the only one need to exist.

[Yoandy10]

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

I hope the price of BCC can offset the BTC price as soon as possible, because I see the BCC network is faster and fresher than the BTC network that has been too slow for BTC performance, by the way I also feel the advantages of this proud BCC increase

Actually, the BCC network is currently much slower. It takes approximately an hour to get 6 confirmations, whereas the BTC network takes just minutes. Continue reading that article on Coindesk and you’ll see they reference the network speed of each. As of now, it really isn’t more profitable just yet for miners, but it will be very soon if the value trend of each continues.

I think you mean it takes 30 to 60 minutes to get one confirmtion on BCH network, and on BTC network it takes an hour to get 6.

Is that what you meant to say? Unless I am missing someting, BTCisn't confirming every few minutes.

I thought they already took all of the block time confirmations into account when figuring out the price calculation, are you saying they aren't?

No, I meant what I wrote. It took my last BCH transaction a little over an hour to get 6 confirmations. on BTC it takes me about 10 minutes. And yes, they took into account the confirmation times, which is the reason why it isn't yet more profitable. I think once the BCH network difficulty drops the next time, is when it will be more profitable.

[mrcash02]

That is a very unstable currency, too big variations at the price in short time period. This is fake.

What matters is the long term, only Bitcoin gives this advantage over any other AltCoins like Bitcoin Cash. BCC won't replace Bitcoin, it's just an AltCoin, Bitcoin is the original Crypto-Currency that have already conquered confidence from serious investors, I doubt these people will forget about Bitcoin to join an adventure for BCC.

[Ayiranorea]

A bigger growth in value is taking place with bitcoin cash. Right now the price has been getting close to $700, might cross it in a short. None could have expected such a price growth from the coin. Same time the value of bitcoin has been declining continuously and was going below $4200.

[nizamcc]

Bitcoin cash's surge above $500 today is changing more than just the the net worth of its investors and users. The rising price is also creating the incentive for miners to dedicate computing power to the bitcoin cash blockchain, one that could find them moving away from bitcoin. With the new push, bitcoin cash miners are making around 2% more mining on bitcoin than they do on bitcoin cash. And that spread could further increase with an upcoming adjustment on bitcoin cash that will make it even easier to mine.

I hope the price of BCC can offset the BTC price as soon as possible, because I see the BCC network is faster and fresher than the BTC network that has been too slow for BTC performance, by the way I also feel the advantages of this proud BCC increase

Actually, the BCC network is currently much slower. It takes approximately an hour to get 6 confirmations, whereas the BTC network takes just minutes. Continue reading that article on Coindesk and you’ll see they reference the network speed of each. As of now, it really isn’t more profitable just yet for miners, but it will be very soon if the value trend of each continues.

I think you mean it takes 30 to 60 minutes to get one confirmtion on BCH network, and on BTC network it takes an hour to get 6.

Is that what you meant to say? Unless I am missing someting, BTCisn't confirming every few minutes.

I thought they already took all of the block time confirmations into account when figuring out the price calculation, are you saying they aren't?

No, I meant what I wrote. It took my last BCH transaction a little over an hour to get 6 confirmations. on BTC it takes me about 10 minutes. And yes, they took into account the confirmation times, which is the reason why it isn't yet more profitable. I think once the BCH network difficulty drops the next time, is when it will be more profitable.

You are correct as I also checked there and they are mentioning everything based on last n blocks mined. BCH's trading is catching fire now as Korean traders are buying hard on their exchanges (read about this on CCN in a recent article). It couldn't surpass BTC in terms of value whatsoever, but I think that as an alt BCH proved that it could survive and give better results over BTC if given a preference some time in the future.

[DocSnyd3r]

If you also count in the fees miners get Bitcoiners still make more money.

[usmcvet11]

its buggin me out its at 657 atm

[no0dlepunk]

Seriously I got scared because I had accumulated a lot of bitcoins after August 1. Now I had sold my altcoins to balance my BCH with my BTC; I really do not know right now if I had made an intelligent decision.

By the way, if it is true that BCC is more profitable, does it mean BTC price would eventually dump? These miners should quit playing games with my heart.

[Similificator]

With all these things happening with bcc, still don't see enough potential, or reason for me to switch to bitcoincash. The way i see it, it can't go higher than btc. Although it has potential to rise up in the next few months, i still think that the rise of price is just too fast, and i think this is just a pump and would be dumped by whales sooner or later. But who knows? Crypto currencies have proven themselves to be wild and unpredictable sometimes. But one thing is for sure, i still am keeping my eyes on bitcoin cash and grab an opportunity if i see one worth grabbing.

[btbrae]

Don't care, it's backed by scummy people. Scummy coin is scummy.

They didn't want UASF to happen, now trying to pump BCH to make people think twice but it's already dead.

Don't lose your Bitcoins.