Can You Actually Make Money From Bitcoin Cash BCH Mining

The fights over Bitcoin whales is not stopping and now the biggest manufacturer of Bitcoin Miners - the famous Bitmain has stepped game up in the race. Antminer S9 Specifications Antminers were always decent, you cannot say bad words on Bitmain machines (when you finally getthem delivered). They hash as promised. Currently, they are selling batch that will start shipping at 21-30 November 2017. But what got interesting is that, the only way to buy this awesome miners is Bitcoin Cash! Current Profit Prediction By using some average data we can see currently machine would make around 19.22 USD profits (after cutting electricity cost) a day. Currently Bitcoin Cash would be the most profitable with old coins like DEM and TRC taking next places.

Mining Bitcoin directly is currently the 4th option. No other miner sold on the market right now beats this ROI. Bitcoin Cash Markets (that has STEEM!) and (biggest USD exchanges) are really rocking volume on BCC/BCH pairs. Korea is also doing great, especially that this country is the new force in cryptocurrency volumes. Follow, Resteem and VOTE UP creator of blog for 0day cryptocurrency news and tips! Don't want to be rude or an arrogant fellow like Roger but you should try to understand what Segwit is?

First of all in Bitcoin's case Blockchain is a data structure which holds transactions. So every block that gets mined can hold transactions ( and its related data). This block size is capped to 1MB for the original BTC blockchain. What Segwit does without hard forking the chain is; it separates out some data (like signatures) into another location to increase the transactional storage capability of the existing capped 1MB blocks. So now more transactions can be stored and it also enhances the Blockchain with new capabilities which is whole another topic. This is supported by brilliant minds who have looked after the Blockchain since its initial phase only focusing on technology and not just mining. Tip for you: everyone have different opinions but follow guys with broader views and brilliant minds which is favoring BTC.

By using some average data we can see currently machine would make around 19.22 USD profits (after cutting electricity cost) a day. Currently Bitcoin Cash would be the most profitable with old coins like DEM and TRC taking next places. Mining Bitcoin directly is currently the 4th option. No other miner sold on the market.

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Earn Cryptonex CNX Playing Minecraft there. So do your research and then think if you want to keep your BTC or grab BCH. I wish you good luck my friend and hope you succeed completely in this crypto space.

Cheers mate!!! I believe BCC was not born of greed, but of the lack of innovation coming from Bitcoin Core. A true open source project makes progress, a thing that Bitcoin core has been lacking for almost 2 years now. People are tired of an outdated blockchain when new ones are popping up everyday that have the potential to rewrite the internet as we know it.

They want innovation. They want low fees, big blocks, high malleability -- with NO centralization. Blockstream has conveniently brainwashed the entire community into thinking segwit is 'the only way ' and 'absolutely necessary' when that is far from the truth. The truth is, BitcoinCash is the closest thing we have right now to a TRUE BITCOIN (one born of the true Satoshi's vision) A blocksize increase can be hard coded in under 1000 lines of code. Why are we basically injecting a hack of over 6000 lines and disintegrating the fabric that gives it a true decentralized nature. You could argue with me all day about segwit, and act like I don't know what I'm talking about.

But believe me, I do. BitcoinCash is not perfect, but it's FAR from a scamcoin, and in my opinion -- better aligned with the open source communities views in general and the will of the people. I think the true decentralized Bitcoin we had all hoped would take over the world is actually dead.

I believe the best way to get bitcoin into mainstream is for vendors to only accept crypto.also we need a better way to buy bitcoin. A lot of places scam, or end up exiting. Or being hacked. It would be nice to have a viable option, even ebay would be nice as they guarantee delivery and also it works as its own escrow service in essence. Obviously buying with credit cards raises the chargeback issue.

Meeting in public is a good idea, but only works in cities. Rural area do not have many trusting options. Anyone have any good service they use? Also the whole decimal value system is insane. They need to figure out a way to make it less extreme as normal people like myself do not want to do some hard core math to figure out a payment. Granted I am an idiot, but so are many consumers '0.003648' does not appeal to me at all.

Round solid numbers is the way to go. Perhaps having a virtual token ontop of bitcoin so lets say 0.973648 would be a 50 cent token. Of course that adds other issues.

Hopefully someone way smarter than I can figure out a way to do that. Sure I would. BCH team is against SEGWIT2x because it will kill ASICBOOST which will ideally kill the Cashcow of the miners. Here is a recent example of Cashcowism.

The following 2 unknown miners have mined 65,000 BCH ($26MM) and have not moved them. • • Here are the screenshots; 1 2 The only reason BCH team is against SEGWIT is because it will kill their business and the unimaginable revenue from it. This is politics.

SEGWIT is enhancing and upgrading the original Bitcoin without any hard fork. Miners are being greedy and selfish to not let it happen.

What Is The Fastest Ethereum ETH Miner. I have given you the proof above. Cheers mate!!!

How to Mine Bitcoin Cash? Beginners’ Guide Explained textual, chartOnVisual Cointelegraph How to mine Bitcoin Cash, is mining Bitcoin Cash profitable, bitcoin cash mining pools, bitcoin cash cloud mining, software for Bitcoin Cash mining, hardware for Bitcoin Cash mining How to mine Bitcoin Cash, is mining Bitcoin Cash profitable, bitcoin cash mining pools, bitcoin cash cloud mining, software for Bitcoin Cash mining, hardware for Bitcoin Cash mining 2018-01-31 16:-01-31 13:01:41. If you’re a firm believer in Bitcoin Cash, there is a way for you to support the network and earn some BCH at the same time — mining.

Essentially, it’s a process of solving complex mathematical puzzles. Miners are the most important part of every cryptocurrency community, as they not only mark transactions as legitimate, they’re also responsible for putting new tokens into circulations. Miners receive substantial rewards for successfully mining a block of transactions. In the Bitcoin Cash network, the reward currently stands at 12.5 BCH per block + all the transaction fees within said block. Is mining Bitcoin Cash profitable? In 2018, in order to make significant profits on Bitcoin Cash mining, you will need to invest some money into specialized mining equipment first.

But before you do so, you can find out roughly how much your profits will add up to using this. In order to use this calculator, you will need to find out your hash rate, which is the speed at which your computer and the equipment you’re planning to invest in can compute the output of a hash function.

The bigger it is, the more chances you will have of successfully mining a block. Calculator can help you find out your computer’s hash rate, while will take the hardware you’re using as well as your local electricity costs into consideration.

Is it more profitable to mine Bitcoin Cash than Bitcoin? The process of mining Bitcoin Cash is very similar to mining Bitcoin, but there are a couple of key differences. First and foremost, the block size limit of Bitcoin Cash is eight MB, while that of Bitcoin is just one MB.

Of course, the bigger blocks will require more computing power and, by extension, more investment in order to be mined. On the other hand, bigger blocks do contain more transaction fees for the miner to collect. As the two cryptocurrencies shared the same Blockchain, the reward per every block mined is currently the same - 12.5 tokens. However, at the time of writing Bitcoin’s price stands at $10,513.38, while Bitcoin Cash’s is $1,584.54. Quite a staggering difference, so in order to attract miners BCH network has to keep the mining difficulty significantly lower than that of Bitcoin, and this is where EDAs are of huge help. An EDA straight after an automatic difficulty recalibration made Bitcoin Cash 300 percent more difficult to mine, which attracted a lot of miners back to BCH.

What is interesting, though, is that many of them kept mining at a loss, which could be due to the miners simply believing in Bitcoin Cash and sticking with the fork. Currently, according to mining Bitcoin Cash for one THash/s (a trillion hashes per second) will, on average, bring a profit of $1.3526 a day. For Bitcoin, this number is $1.2275 a day. However, those figures don’t take the transaction fees into consideration. On average, Bitcoin users are currently around $28 in transaction fees, while Bitcoin Cash’s fees are minuscule. How to start mining Bitcoin Cash So, by now you should know how much you will need to invest in your mining rig as well as how big your returns should be. If you’re still considering giving Bitcoin Cash mining a go, here’s how you do it.

First off, you will need a Bitcoin Cash wallet to receive your future mining rewards. For safety reasons, it is recommended you choose a wallet that stores your private key on a device it’s installed on. Also, make sure to backup a wallet.dat file to a separate device, or print out a copy and keep in in a secure location. In case your computer crashes or gets stolen from you, you won’t be able to retrieve your funds without this file - they’ll be gone forever.

You can read more about Bitcoin Cash wallets in our dedicated guide. At this point, you’ll need to consider whether you want to be mining on your own or join a mining pool. A mining pool is a group of Bitcoin Cash miners that combine their computing power in order to increase their chances of solving a puzzle. In a pool, your mining rig will receive smaller and easier algorithms to solve, and all of your combined work will increase the pool’s chances of solving the bigger algorithm and receiving the reward.

When a pool receives a reward, it is then being shared among the participants, based on how much computing power they contributed. On the other hand, if you successfully mine a block of transactions on your own, you will receive the full reward of 12.5 BCH all to yourself. The problem is, however, that unless you have an extremely powerful mining rig, which will require enormous amounts of electricity to operate, you don’t stand the slightest chance of sealing off a block. Thus, the absolute majority of casual miners opt for mining in a pool. When choosing a pool, make sure to consider how big it is, how often do they find a block, what is their payout structure, what fees do they charge and what kind of stats they provide. To join one, all you need to do is sign up on their website and set up an account.

After that, you will need to add a ‘worker.’ For every miner that you have running, you will need to use your worker ID, so that your contributions can be tracked. At this point, you’re basically ready to connect your mining hardware to a power outlet, plug it into your computer and run it. But, in order to be able to control and monitor your mining rig, you will need a mining software client to run on your computer. The right software will depend on your operating system and the actual mining rig you have. If you’ve decided to join a pool, then in most cases it will have its own software. Some are being shipped with everything pre-configured, including a wallet address.

In that case, plugging it into an outlet is all you’ll need to do. If you’re a part of a pool, you will need to enter your username, password and the pool’s address into the software. Once this is configured, you’ll start mining coins. If you’re mining solo, once you’ve stalled off a block, the reward will appear in the connected wallet. If you’re a part of the pool, your part of the reward will be calculated automatically and added to your account.

Just make sure to enter your wallet’s address in the required fields when signing up to the pool. Hardware for Bitcoin Cash mining These days, mining can be profitable only if you invest in ASIC miner - special computers built strictly for the purpose of mining. Besides the price, you will need to consider the miner’s hash rate as well as its electricity consumption. Below is a comparative table of some of the best ASIC miners currently available. Name Power consumption Hash rate Approximate price Antminer S9 1375W +- 7% 12.93 TH/s $2000 Antminer R4 845W +-9% 8.6 TH/s $1000 Avalon 7 850-1000W 6 TH/s $880 Antminer S7 1293W 4.73 TH/s $599 Antminer S5 590W 1.155 TH/s $199 Avalon 6 1100W 3.5 TH/s $700 Antrouter R1 Negligible 5.5 GH/s $39 Software for Bitcoin Cash mining There are many different programs out there that can be used for mining Bitcoin Cash, but perhaps the two most popular ones are and which are, however, command line programs. If a command line interface is too complicated for you, then you can use EasyMiner, which acts as a wrapper for CGminer or BFGminer software and can be used for both solo and pooled mining.

As it was mentioned before, your choice of software will be influenced by your hardware, so it is recommended that you search for programmes compatible with the miner that you own. Moreover, if you’re mining in a pool, chances are they will have their own dedicated software.

Bitcoin Cash Mining pools Currently, the largest and therefore the most successful Bitcoin Cash mining pools are: • • • • • • • Cloud mining In case you want to invest in Bitcoin Cash mining and avoid the hassle of managing your own hardware, cloud mining is an alternative for you. In simple terms, cloud mining entails using shared computing power run from remote data centers. It greatly simplifies the process, as you don’t need to buy noisy and energy-consuming mining hardware.

In theory, all you need to do it purchase a contract, plus a computer for communications and an optional local Bitcoin Cash wallet. However, there are certain risks associated with cloud mining that investors need to be wary of before paying for contracts. There have been a tremendous amount of Bitcoin cloud mining scams. Moreover, you won’t be able to control the actual physical hardware.

Finally, you will be getting a lot less profit as the operators will charge you commission to cover their costs. The most popular cloud mining services are and. Provides a comprehensive list of the whole cryptocurrency contract market, in a bid to help users understand whether the contract is a good deal or not.